Beyond The Banks – Alternative Lending Options In A Restricted Market
When the bank says NO!
Under increasing external pressure from the Reserve Bank, and internal pressure from credit-tightening measures, banks are limiting borrowing. This in turn has led to a huge increase in demand for loans from non-bank lenders.
With LVR restrictions from the Reserve Bank along with major banks shying away from bridging finance, mortgage advisers must think outside the box to...MORE»
Aussie group buys into Mortgage ExpressMonday, September 24th, 7:46AM
[UPDATED] Australian dealer group Astute Financial has taken a 50% stake in Mortgage Express. MORE» |
OCR to stay at record low: Preview SurveyFriday, September 21st, 7:30AM
New Zealand’s top economists predict the Reserve Bank will hold the Official Cash Rate next week, as the central keeps a close watch on GDP growth and inflation. MORE» |
No firm call on CGT
Introduction of a capital gains tax still looks likely but wealth taxes and land taxes are not on the cards, the Tax Working Group’s interim report reveals.
MORE»Reverse mortgages, motor, drive Heartland growth
Lender Heartland says it will pursue its strategy of focusing on “best or only” products, as it reports an 11% increase in profit.
MORE»Mortgage brokers key channel for profit-surging banks: KPMG
Mortgage advisers are predicted to continue to be an important source of business for Kiwi banks as they soar to new heights of profitability.
MORE»How low could the OCR go?
Economists at lender ANZ believe we could see a 50 to 100 basis point cut in the OCR if the country’s financial data disappoints.
MORE»AI: Advice's next big disruption
Forget roboadvice, financial advice could be tipped on its head by the sector’s adoption of artificial intelligence technology, moving power from those with the assets to those with the data.
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