GoodReturns.co.nz - Mortgage News
Live Last read · last published · next check
Latest posts
Lendr secures $100 million bank funding
Specialist Auckland-based property lender, Lendr has secured an immediate $100 million warehouse funding facility from Westpac.
ASB profit down; Adviser support steady
Increasing number of homes selling for a loss
As mortgage lending crashes to nearly zero amid a prolonged property market slump, the number of homes selling for a loss is steadily increasing hitting 13.1% – the highest since 2012.
Others sought in alleged $5 million mortgage fraud
Potential damages a snag in oppostion to TSB Bank sale to Heartland
Taranaki residents unhappy with the plan to sell TSB Bank to Heartland are hoping to file an injunction to stop it next week but some are baulking at the possibility they may face damages if the legal challenge fails.
Mortgage holders still riding lower interest rates
Borrowers paid $4.783 billion in interest on $397.4 billion in residential mortgages outstanding at the end of the June quarter this year, the latest Reserve Bank figures show.
Pace of interest rate increases not clear cut
OCR increases are inevitable off the back of yesterday’s 4.1% inflation figure, but the pace of the hikes remains uncertain to a degree, Westpac says.
Unilaterally changing mortgage arrears payment dates leads to trouble
When repaying debt, timing can be as important as the repayment amount as one borrower found out when served with a Property Law Act (PLA) notice.