NZ Herald
Nearly half of mortgage holders were ahead of their repayments last year
25/05/2022
NZBA chief executive Roger Beaumont said these mortgage holders likely kept their repayments the same while interest rates fell to record lows.
Read Article
NZ Adviser
Nearly 50% of home loan customers are ahead on their repayments – NZBA
25/05/2022
Roger Beaumont, New Zealand Bankers’ Association chief executive, said about 44% of people with a home loan were ahead on their repayments “likely because as interest rates have declined over the last few years, they may have retained their repayments at the same level.”
Read Article
Interest.co.nz
A number of borrowers who took out mortgages for the first time last year will struggle if mortgage rates rise as forecast, the Reserve Bank says
25/05/2022
According to the New Zealand Bankers’ Association, about 56,000 new home loans were taken out between July and December last year at an average size of $407,000.
Read Article
Good Returns
New figures from the Bankers Association show many borrowers are ahead on their home loan repayments
24/05/2022
“Depending on their loan, others may have increased their repayments further to get ahead and repay their loan more quickly. This shows good financial capability among people with home loans. It also means they’re quite well placed in an environment of rising interest rates.”
Read Article
Interest.co.nz
NZ Bankers’ Association figures show a significant rise in the latter half of 2021 in the numbers of mortgage holders shifting to interest-only payments
24/05/2022
The New Zealand Bankers’ Association has released its latest half-yearly Banking Insights, covering the six months to the end of December 2021, using information collected and aggregated from NZBA’s 10 main retail member banks.
Read Article
Interest.co.nz
Budget unveils proposal for Business Growth Fund to support SMEs with the assistance of bank investment
20/05/2022
Banks are in very early stage talks with the Government about potentially providing investment funding through a Business Growth Fund announced in Thursday’s Budget to support small and medium sized enterprises, the New Zealand Bankers’ Association says.
Read Article
NZ Herald
Budget 2022: Banks yet to get on board with $100m Business Growth Fund
20/05/2022
“Discussions with some banks on a potential Business Growth Fund are at a very early stage. No agreements or commitments to participate have yet been reached.”
Read Article
Newstalk ZB
NZ Bankers’ Assn officially put in submission to Ministry calling for a more fulsome review of CCCFA
02/05/2022
‘Not good enough’ is the summation of the Bankers’ Association when it comes to the Government’s tweaks on the CCCFA. Chief executive Roger Beaumont joined Mike Hosking.
Read Article
Stuff
Banks: Proposed home loan changes still won’t help
01/05/2022
“The Government’s tweaks to the CCCFA lending rules announced in March are just a band aid. We don’t think the tweaks will make a big difference for most borrowers. That’s because most of the existing requirements remain in place, meaning customers will still have to provide detailed information about their spending, resulting in a more...
Read Article
NZ Herald
Inflation, soaring interest rates could mean $200 in extra costs a week with $600k mortgage
21/04/2022
The New Zealand Bankers Association said 44 per cent of people with home loans were ahead and paying more than the minimum in repayments. About 1.2 million Kiwis currently had a mortgage.
Read Article
