Articles tagged with 'non-bank lenders'
Non-bank lending moves slowly upwards
21 April 2022 - Statistics show that mortgage lending by non-bank institutions is inching upwards, but is still nowhere near the level it was before the Global Financial Crisis.
More credit woes
7 April 2022 - Mortgage applications are down 19% year-on-year, according to the credit reporting agency, Centrix. More » ...
Non-banks to be run off their feet
3 December 2021 - Non-bank lenders will be run off their feet in the coming months, partly because banks are too traditional, according to economist Cameron Bagrie.
Old company with a new name
29 November 2021 - A new name on the lending circuit, Xceda Finance, is actually an old company with a new mission. [With product matrix].
Prospa raises A$200 million for business lending
16 September 2021 - Non-bank lender Prospa has raised $200 million for SME lending on both sides of the Tasman as it capitalises on major banks retrenching from the market.
Resimac writing more prime loans and dealing with more advisers
2 September 2021 - Resimac has had a bumper year in New Zealand seeing its settlements increased by 81% to $434 million in the financial year to June 30.
Squirrel launches 95% mortgage
21 April 2021 - Squirrel Mortgages has launched a 95% mortgage for first home buyers, offering rates as low as 4.09%.
Prospa included in Business Finance Guarantee scheme
1 April 2021 - Non-bank lender Prospa has been added as an approved lender to the Government's Business Finance Guarantee scheme, as ministers open up the initiative to alternative lenders for the first time.
Fund opens housing development options
18 March 2021 - Second tier lender Pearlfisher Capital has launched a new first mortgage fund for lending to property developers.
Basecorp eyes expansion with $250 million funding
10 March 2021 - Non-bank lender Basecorp has raised $250 million for new lending as it aims to grow its business through the adviser channel.
Non-bank floating rates fall
12 February 2021 - Non-bank variable loans will become an increasingly attractive option to investors and first home buyers turned away by the banks, according to Avanti Finance.
Small businesses struggle
9 February 2021 - A new survey reports small and medium sized businesses are finding it increasingly difficult to get financing from traditional lending sources.
Non-bank SME lending soars
2 February 2021 - Online SME lender Prospa has recorded a 200% surge in originations in the December quarter, driven by adviser business.
Advisers react to ANZ investor decision; Bright outlook for non-banks
16 December 2020 - Advisers are digesting the news that ANZ will limit investor lending to 60% LVR. How will it impact the market? [READ ON] Non-bank lenders are on course...
Bright outlook for non-banks
16 December 2020 - Non-bank lenders are on course to grow market share in mortgage and business lending, according to KPMG head of banking John Kensington.
Liberty Financial plans stock market float
17 November 2020 - Aussie non-bank lender Liberty Financial is lining up an A$1.8 billion ASX listing, joining a raft of other alternative lenders on the public market.
Non-bank lending soars
30 September 2020 - Non-banks report record growth in New Zealand as retail banks maintain tight credit restrictions in the economic downturn: [READ ON] ...
Non-bank lending soars
30 September 2020 - Non-banks report record growth in New Zealand as retail banks maintain tight credit restrictions in the economic downturn.
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.
