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Non-banks plan second “speed dating” event

New Zealand’s non-bank lenders are to join together in Wellington for a second “speed dating” event with mortgage advisers, following the success of a first session in August.

Wednesday, October 31st 2018, 7:20PM 1 Comment

Some of the market’s most prominent non-banks have set up the speed dating breakfast next month to raise awareness about alternative lenders, as banks continue to tighten available credit.

The early morning event will take place at Wellington’s Westpac Stadium on Wednesday 14 November, starting at 8am.

Resimac, Bluestone, First Mortgage Trust, Heartland, Liberty, NZCU Baywide, Southern Cross Partners, and Spotcap are behind the Wellington event.

It will allow mortgage advisers to ask questions about products and features on offer, and explore potential financing scenarios for clients.

Event organisers say a "special guest" will be in attendance at the Wellington event. If it is successful, further speed dating sessions could follow over the next few months.

It follows a successful speed dating night in Auckland in August attended by advisers including Mortgage Link and the Mortgage Supply Company. About 120 people attended the first event, which saw advisers learn more about alternative lenders and finance companies.

The speed dating event comes as non-bank lenders report growing interest from advisers, as banks restrict lending due to regulation on both sides of the Tasman. Non-banks say customers are being turned away from the big banks, leading them to non-bank lending sources.

Lenders including Resimac have reported strong growth in New Zealand this year as customers explore non-bank sources.

Tags: Mortgage Supply mortgages Newpark non-bank lenders NZCU Baywide RESIMAC

« Mortgage Express confirms Aussie joint ventureAdvisers account for increasing amount of ANZ loans »

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Comments from our readers

On 2 November 2018 at 10:38 am Lara Jane Maloney said:
Are there any plans for another event in Auckland? I missed out on the first and would be interested in attending.

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Lender Flt 1yr 2yr 3yr
ANZ 5.79 4.55 4.79 4.99
ANZ Special - 4.05 4.29 4.49
ASB Bank 5.80 4.44 4.69 4.89
ASB Bank Special - 3.95 4.29 4.49
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.10 4.29 4.49
BNZ - Std, FlyBuys 5.90 4.69 4.79 4.99
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.20 5.25 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.70 4.85 -
Housing NZ Corp 5.80 4.69 4.79 4.79
HSBC Premier 5.89 3.99 4.19 4.69
HSBC Premier LVR > 80% - 3.79 - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.55 4.69 4.99
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.05 4.29 4.49
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special - - - -
SBS Bank 5.89 4.85 5.05 4.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.19 3.95 4.49
Sovereign 5.90 4.45 4.69 4.89
Sovereign Special - 3.95 4.29 4.49
The Co-operative Bank - Owner Occ 5.75 4.10 4.35 4.49
The Co-operative Bank - Standard 5.75 4.60 4.85 4.99
TSB Bank 5.80 4.45 4.69 4.99
TSB Special - 3.95 4.19 4.49
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.69 4.79 5.19
Westpac - Offset 5.95 - - -
Westpac Special - 4.15 4.29 4.59
Median 5.89 4.50 4.69 4.79

Last updated: 2 December 2018 8:39pm

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