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Mortgages

Kiwibank avoids 'peripheral offers', for now

Kiwibank says 'peripheral' gifts given by banks to entice borrowers don't work, but won't rule out joining the give-away party

RBNZ gets new tools to combat credit booms

Finance Minister Bill English says RBNZ Governor Graeme Wheeler will decide if, and when, to use new tools designed to dampen excessive growth in credit and asset prices

ASB's high LVR lending jumps

ASB grows home loans by $1.7b over two quarters with $1.4b, or 84%, coming in lending where the borrower has deposit/equity worth less than 20% of the loan

Kiwibank's new 4.99% offer

Kiwibank drops 2-year mortgage rate by 26 basis points to 4.99%

'NZ economy recovering' - CBA

Parent Commonwealth Bank of Australia says the pace of ASB's residential mortgage & business lending growth remained above overall market growth in the March quarter

Fries with that?

Banks shift the fight for new mortgage business away from 'low rates' to up-front incentive offers

RBNZ warned of 'unintended consequences'

BNZ CEO Andrew Thorburn questions whether the big banks holding more capital against home loans where borrowers have under 20% equity will address key housing market problems

Big 4 need NZ$500m more capital

Reserve Bank's move to make the big four banks hold more capital against housing loans adds up to just NZ$125 mln on average for each of them

RBNZ hints at watered down LVR caps

Reserve Bank suggests it's not keen on exempting first home buyers from any LVR caps on home loans, nor on targeting LVR restrictions at regions such as Auckland

RBNZ forces banks to hold more capital

Updated
RBNZ to force big 4 banks to hold more capital to back high LVR mortgages from Sept 30; says will result in average increase in capital for housing of 12%