News
Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
Brokers have nothing to fear: Berry
Ethical mortgage brokers have nothing to fear from the government’s proposed regulation of the financial intermediaries industry, NZ Mortgage Brokers’Association chairman Brian Berry says.
Housing boom boost spending
One side effect of the housing boom has been that New Zealanders borrowed an estimated $3 billion against the increasing value of their homes in the year ended March, according to Westpac Bank economists.
Mike Pero makes surprise dividend payment
Mike Pero Mortgages has surprised investors by paying a dividend of 2c a share, although one was not forecast in the prospectus for its recent sharemarket listing.
Brokers face changes to commission structures
While there is increasing evidence that Australia’s banks are clamping down on the commissions they pay mortgage brokers, there aren’t any signs of this in New Zealand, although all the major banks here are now Australian owned.
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