Article tagged with 'Lending'
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OCR projected to rise next year; mortgage lending falls in April
27 May 2021 - Signs that the market is about to change? The Reserve Bank has pencilled in a projection that the official cash rate could rise from next year, up to 1.75% by 2024: [READ ON] The Government's housing reforms have begun to take effect; mortgage lending fell $2 billion month-on-...
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Mortgage lending falls in April
27 May 2021 - Mortgage lending fell by $2 billion month-on-month in April as the Government's housing reforms began to cool the market.
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ASB launches 1.79% variable rate for new builds
17 May 2021 - ASB has launched a market-low 1.79% variable rate for new build homes, as the lender attempts to play its part in tackling the housing crisis.
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Property market activity slows, prices up
14 May 2021 - The property market displayed the first signs of cooling last month, but prices continue to rise, according to the latest REINZ data: [READ ON]
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First signs of a cooling housing market
13 May 2021 - The property market displayed the first signs of cooling last month, but prices continue to rise, according to the latest REINZ data.
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Heartland launches 1.85% mortgage
12 May 2021 - Heartland Bank has slashed its one year fixed mortgage and sharpened its floating rates as the lender puts more pressure on the big four.
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Mortgage hardships rise
12 May 2021 - Mortgage hardships are up 10% according to credit reporting firm Centrix, as the Covid pandemic continues to impact borrowers across New Zealand.
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Construction sector overstretched
12 May 2021 - New build homes are exempt from the Government's new housing tax reforms, fuelling the demand for new properties. But the construction sector could come under severe strain: [READ ON]
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ANZ tightens servicing for investors; New estate planning course
11 May 2021 - ANZ has tightened its affordability criteria for investor lending and will only count 65% of rental income when assessing home loans, marking the first major change from a big four bank since the Government's housing reforms: [READ ON] Professional IQ College has launched a new...
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SBS one-year rate down to near market lows
10 May 2021 - Downward pressure continues in the mortgage market – SBS Bank has slashed its one-year fixed home loan to 2.19%, the third lowest rate in New Zealand.