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Articles tagged with 'non-bank lenders'

Resimac in $300m mortgage offering

16 September 2020 - Resimac has issued a $300 million residential mortgage backed security, providing funding and liquidity to the non-bank as it grows market share in New Zealand.

Non-bank criteria changing through Covid

3 September 2020 - Many alternative lenders changed criteria for customers through the second lockdown, creating a challenging environment for advisers and their clients, according to adviser service Solutions Out Sourced (SOS).

Resimac slashes prime servicing rate; Clouds loom over housing market

28 August 2020 - Non-bank Resimac has reduced its prime home loan servicing testing rates to boost its customer base in New Zealand: [READ ON] Falling mortgage rates will...

Non-banks get Covid boost

31 July 2020 - Non-bank lenders have reported a flood of new customers turned away by the banks in the wake of the Covid-19 pandemic, as traditional lenders stick to...

Non-banks get Covid boost

31 July 2020 - Non-bank lenders have reported a flood of new customers turned away by the banks in the wake of the Covid-19 pandemic, as traditional lenders stick to conservative credit limits.

Resimac cuts specialist floating rates

23 June 2020 - Non-bank lender Resimac has slashed rates across its range of specialist home loans, while also cutting its servicing rate. 

$75m on offer for new developments

9 June 2020 - Auckland ’s long-term future is sound as well situated residential developments will always sell and demand for affordable housing remains strong, a leading non-bank property financier says.

Ex-Southern Cross executives start new venture

4 June 2020 - Two ex-Southern Cross Partners executives have launched a new business to help advisers secure non-bank loan for clients.

Resimac eases criteria for investors

26 May 2020 - Non-bank lender Resimac has eased its credit criteria for investors as it seeks to build market share in New Zealand.

Non-banks see surge in demand

29 April 2020 - Non-bank lenders have noted a sharp increase in demand for home loan products as banks maintain tight restrictions during the Covid-19 outbreak. 

Non-banks offer payment holidays

7 April 2020 - Non-bank lenders Avanti Finance and Resimac will offer borrowers repayment reduction options and deferrals amid the Covid-19 crisis. 

Propsa plans extra NZ funding

27 February 2020 - SME non-bank lender Prospa plans to bring in a "senior funder" to grow its New Zealand loan book, after recording a 37% increase in loan originations in the six months to December.

Prospa's first year in New Zealand

13 February 2020 - Beau Bertoli, joint CEO of non-bank business lender Prospa, sat down with TMM Online to discuss SME business opportunities for advisers, and lessons from the firm's first year in New Zealand. 

How to grow your client base

29 January 2020 - Five things to explore when looking to grow your client portfolio in 2020.

CFML secures $100 million funding line from Westpac

20 January 2020 - Non-bank lender Conrad Funds Management plans to increase mortgage lending in 2020 with a new $100 million funding line from Westpac.

COMMENT: What lies ahead in 2020?

3 January 2020 - It’s that time of year when we are all contemplating what the year ahead has in store… So here’s GRA managing director Matthew Gilligan’s property market predictions for 2020.

Non-bank lending soars

17 December 2019 - Non-banks ramped up lending by nearly 10% in the year to June as traditional lenders maintained tight controls, according to a new report from KPMG.

Advisers face New Year cash squeeze: Prospa

3 December 2019 - Non-bank lender Prospa has launched an offer to help mortgage advisers with cash flow issues through the quiet January period.

New BDM for Prospa

20 November 2019 - Australia-based non-bank SME lender Prospa has hired a new BDM for the New Zealand market.

Bluestone targets prime lending growth

6 November 2019 - Non-bank lender Bluestone has announced a move into prime lending in Australia as it looks to ramp up its fledgling prime business in New Zealand.

Pepper's official NZ launch; Conference preview

29 October 2019 - Australian non-bank lender Pepper Money has officially launched in New Zealand. Here's what Pepper's key people said about their plans for the...

Pepper salts up New Zealand market

23 October 2019 - Australian non-bank lender Pepper Money has officially launched in the New Zealand market and says it offers a point of difference from its competitors.

Resimac speeds up application process

23 October 2019 - Non-bank lender Resimac has introduced desktop e-valuations to speed up the approval process for clients and advisers. 

Avanti latest to cut rates

4 October 2019 - Avanti is the latest non-bank to cut mortgage rates for borrowers, as prices continue to drop across the market.

Resimac cuts rates and lowers servicing test

1 October 2019 - Non-bank lender Resimac has cut floating and fixed mortgage rates as well as easing its servicing test for borrowers.

Bluestone cuts variable rate

19 September 2019 - Non-bank lender Bluestone has passed on cuts of up to 40 basis points after the Reserve Bank’s Official Cash Rate cut last month.

Pepper Money launches in NZ

16 September 2019 - Australian non-bank lender Pepper Money has launched mortgage lending operations in New Zealand, with a vow to bring Kiwi borrowers unprecedented levels of choice and flexibility in their mortgage options.

Bluestone's white-label loans take off with NZFSG

9 September 2019 - NZFSG advisers have embraced the company's Select Home Loans white-label product, lodging around $250 million in applications in the first couple of months.

Avanti reaches debt milestone

16 August 2019 - Non-bank lender Avanti has reached a key milestone with its securitised debt which will create capacity for further lending. 

Southern Cross names new CEO

9 August 2019 - Peer-to-peer lender Southern Cross Partners has appointed a new chief executive from outside of the financial services industry as it looks to grow its loan book.

Resimac cuts rates; Prospa lists on ASX

13 June 2019 - No rate changes from the big banks today, but plenty of news from the non-banks. Resimac has made some big cuts to its home loan rates. Check out the details...

Conrad Funds targets growth with mortgage fund

31 May 2019 - Non-bank mortgage lender Conrad Funds Management is looking to grow its mortgage book after opening up its fundraising to retail investors.

Pepper makes NZ BDM hire

21 May 2019 - Australian non-bank lender Pepper Money has made a key BDM hire after taking its first steps into the New Zealand market. 

Non-bank Pepper teams up with Astute

20 May 2019 - Australian non-bank lender Pepper Money has taken a big step into the New Zealand market by signing a partnership deal with Astute.

Avanti targets adviser channel with BDM hire

5 April 2019 - Non-bank lender Avanti has promised more support for the adviser channel following the appointment of a new BDM, as it expands its range of products.

Australian non-bank Pepper eyes NZ

2 April 2019 - Aussie non-bank giant Pepper is plotting a move into the New Zealand market, joining a growing list of alternative lenders.

Southern Cross CEO Jackson departs

28 March 2019 - Luke Jackson has left his role as CEO of peer-to-peer lender Southern Cross Financial after three and a half years in the role.

Online lender Spotcap hires NZ managing director

27 March 2019 - Online SME lender Spotcap has hired Simon Keast as managing director for Australia and New Zealand, as the Berlin-based finance company aims for regional expansion.

Four credit unions vote through merger

19 March 2019 - Four of New Zealand's major credit unions have voted 'yes' to a nationwide merger — but one party has dropped out of the deal. 

How Australia’s Royal Commission could affect NZ investors

7 February 2019 - Shockwaves are running through Australia’s finance industry following the Royal Commission’s damning report so how could the recommendations impact on New Zealand investors?

First Mortgage Trust confirms Capital Group deal

4 February 2019 - Non-bank lender First Mortgage Trust has confirmed its management company has been taken over by the private equity firm Capital Group. The announcement comes after TMM Online revealed the deal on Friday.

Non-bank mortgage lending soars in 2018

1 February 2019 - Non-bank mortgage lending volumes jumped by more than $500 million last year, according to newly-released data, which underlines the growing prominence of alternative lenders.

Resimac in senior reshuffle

29 January 2019 - Australia-headquartered non-bank lender Resimac has announced Scott McWilliam as its sole CEO, with long-serving joint CEO Mary Ploughman to leave the group.

Non-banks head to Hamilton and Christchurch

15 January 2019 - The popular "speed-dating" event for non-banks and mortgage advisers is set to roll into Hamilton and Christchurch early this year as non-traditional lenders look to build on a promising 2018.

Non-bank surge to continue: KPMG

17 December 2018 - Non-banks posted a 22.9% increase in net profit last year, according to KPMG's latest non-bank report. The advisory firm tips non-banks to grow further in 2019, as banks tighten up in the aftermath of the Royal Commission.

Resimac tweaks credit assessments

14 December 2018 - Non-bank lender Resimac is set to change the way it handles customer credit assessments, looking at "credit events", rather than individual listings. The move will make it easier for customers with previous credit issues to access financing.

Speed-dating to become regular non-bank event

21 November 2018 - Following a successful second speed dating event in Wellington, New Zealand's non-banks are set to hold more special events in the New Year as adviser interest grows.

Non-banks plan second “speed dating” event

31 October 2018 - 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.

Homeloans to rebrand as RESIMAC

24 October 2018 - Australian non-bank lender Homeloans Limited and subsidiary RESIMAC are to merge under a single brand as the company continues to build market share in New Zealand.

NZCU Baywide aims for first home buyers

18 October 2018 - NZCU Baywide has relaxed its requirements for first home buyers with a series of new features aimed at luring younger customers.

Basecorp latest non-bank to target prime customers

10 October 2018 - Non-bank lender Basecorp Finance has launched a new prime offering for mortgage borrowers, as alternative lenders continue to take market share from the big banks

Asset Finance agrees takeover

12 September 2018 - Whakatane-based non-bank lender Asset Finance has been acquired by British finance firm Blackstar Capital Group.

Cressida deploys $50 million capacity for premium product

30 August 2018 - Specialist mortgage lender Cressida Capital has rolled out a new premium mortgage product, and has $50 million of capacity to build market share.

RESIMAC builds non-bank market share

24 August 2018 - RESIMAC Home Loans took a bigger slice of the non-bank adviser market last year, as overall applications rose by 32%. 

Non-bank lenders go dating advisers

22 August 2018 - Five non-bank lenders have clubbed together to run a speed dating event for mortgage advisers in Auckland.

Avanti makes major home loan changes

7 August 2018 - Avanti Finance, the non-bank lender backed by Westpac, has made a number of changes to its home loan offering as it seeks to gain market share from New Zealand’s big banks.

General Finance stock market listing moves closer

1 August 2018 - The stock market listing of non-bank lender General Finance moved a step closer this week as a deal with a listed cash shell was approved by shareholders.

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Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.55 2.69 2.79
ANZ 4.44 3.15 3.25 3.39
ANZ Special - 2.55 2.69 2.79
ASB Bank 4.45 2.55 2.69 2.79
Bluestone 3.49 3.49 3.49 3.49
BNZ - Classic - 2.55 2.69 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.15 3.29 3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 4.95 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 3.85 3.95 -
HSBC Premier 4.49 2.45 2.60 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 3.69 ▼2.45 2.65 2.79
Kainga Ora 4.43 2.93 3.07 3.24
Kiwibank 3.40 3.30 3.54 3.54
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.55 2.79 2.79
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Resimac 3.39 3.35 2.99 3.35
SBS Bank 4.54 3.05 3.19 3.25
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 2.55 2.69 2.75
The Co-operative Bank - Owner Occ 4.40 2.55 2.69 2.79
The Co-operative Bank - Standard 4.40 3.05 3.19 3.29
TSB Bank 5.34 3.29 3.45 3.59
TSB Special 4.54 2.49 2.65 2.79
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 3.15 3.29 3.39
Westpac - Offset 4.59 - - -
Westpac Special - 2.55 2.69 2.79
Median 4.55 3.00 3.13 3.02

Last updated: 21 September 2020 10:48am

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