News
Mum and dad say home buying in the 1980s was harder. They're wrong. Sort of.
1+ hour, 51+ min ago (587+ words) New data reignites a row UK mortgage brokers have every single day. Was it really tougher when rates were 15%? A KPMG economist in Sydney has done something unusual this week. He has looked at the data, rather than listening to…...
Mortgage demand expected to weaken over the summer
3+ hour, 32+ min ago (533+ words) Bank of England survey signals a pullback in borrower appetite after a stronger second quarter Lenders anticipate a marked slowdown in mortgage demand over the coming months, even as they prepare to widen access to home loans, new Bank of…...
Consumer arrears hit four-year low as mortgage repayments also improve
2+ hour, 14+ min ago (471+ words) Household repayments ease across the board, but hospitality and construction failures keep climbing. New Zealand households are catching up on repayments at the fastest pace in four years even as company failures continue to climb in vulnerable sectors like hospitality…...
Funding 365 raises day one funds on refurbishment ranges
7+ hour, 36+ min ago (337+ words) Fixed rates start from 0. 69% per month under revised terms Bridging and development lender Funding 365 has restructured its Light Refurbishment and Heavy Refurbishment ranges, introducing rolled interest rates that increase day one funds available to borrowers carrying out property improvements, extensions…...
Mortgage shopping surges as personal loan stress deepens
5+ hour, 6+ min ago (408+ words) NZ credit data shows stable home loans but rising strain in personal lending New Zealand's consumer credit landscape showed a mixed picture through May, according to Equifax's latest NZ Market Pulse. While mortgage stress remains contained, unsecured lending is showing…...
RBNZ makes it official: Mc Gregor is financial stability chief
5+ hour, 13+ min ago (238+ words) Reserve Bank formalises senior leadership call shaping bank supervision and lending oversight. The Reserve Bank has confirmed Angus Mc Gregor (pictured) as its permanent assistant governor financial stability, formalising a role he has held on an acting basis since March....
Consents surge 19%, but rising costs could slow the recovery
5+ hour, 13+ min ago (299+ words) NZ home consents hit three-year high, but Westpac flags a bumpy road ahead New Zealand's residential construction pipeline has strengthened to its healthiest point in three years, with annual home consents up 19%, even as fresh data shows the recovery losing…...
Swedish lender lands $2. 9bn win against Google over comparison site bias
11+ hour, 49+ min ago (298+ words) A Swedish court has ruled Google spent 15 years tilting search results in favour of its own price comparison service. Google has been ordered to pay nearly $3billion (1. 5 billion)to Klarna after a Stockholm court ruled the tech giant had illegally favoured…...
Homeowner sues United Wholesale Mortgage over do-not-call texts
1+ day, 1+ hour ago (433+ words) Her number sat on the do-not-call list for a decade before the messages started A Colorado homeowner says United Wholesale Mortgage sent her unwanted marketing texts for a month, though her number sat on the do-not-call list." The plaintiff filed…...
'Proactive planning gives borrowers the edge"
21+ hour, 14+ min ago (485+ words) Early affordability checks and rate locks can protect buyers from market shifts, says mortgage adviser Finding the right property is not the first step to buying a home. So says James Miles (pictured top), director and mortgage adviser at The…...