Borrowers urged to talk to their bank as lending limits loom
26/09/2013
The New Zealand Bankers’ Association has urged prospective borrowers to talk to their bank as the Reserve Bank’s low equity lending restrictions come into force next week. Under the Reserve Bank’s new rules which take effect on October 1, banks must limit new residential mortgage lending with loan-to-value ratios (LVR) over 80% to no more...
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3 News
Financial planning urged for Kiwis
26/09/2013
The Banker’s Association has been encouraging people to make a date with their money during money week.
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Stuff.co.nz
Agents work on second-tier solutions
26/09/2013
New Zealand Bankers Association spokesman Kirk Hope said borrowers being forced into the unsecured lending market was always expected.
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3 News
Housing to get tougher for first-time buyers
25/09/2013
“It says it’s likely banks won’t even lend 10 percent, and it’s more likely to be 5 percent.”
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Consumer credit law should be well-targeted and enforced
16/09/2013
The New Zealand Bankers’ Association today welcomed the first reading of the Credit Contracts and Financial Services Law Reform Bill, and cautioned further work was needed to meet the Bill’s aims. “Quality regulation is well-targeted and properly enforced. That’s the outcome we’re looking for here,” said New Zealand Bankers’ Association chief executive Kirk Hope. The...
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Make a date with your money
29/08/2013
Make a date with your money 30.08.2013 The New Zealand Bankers’ Association is encouraging people to make a date with their money during Money Week, which runs from 1 to 7 September. “The idea is to set aside some time to take stock of your financial situation and make a plan for the future,” said...
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Bankers’ Association welcomes positive moves on business regulation
29/08/2013
The New Zealand Bankers’ Association has congratulated the government on two positive moves in the area of business regulation. Today a unique New Zealand Business Number is being rolled out, and earlier this week the Financial Markets Conduct Act passed. “A single reference number for all New Zealand companies will help businesses easily identify themselves...
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NZ Herald
Rush on for loan approval
28/08/2013
New Zealand Bankers’ Association chief executive Kirk Hope said people should be aware they may be declined loans because of the new restrictions and advised people to talk to their bank about individual needs and circumstances.
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Radio NZ
Radio New Zealand interview about lending limits
21/08/2013
Kirk Hope talks to Geoff Robinson on Morning Report about lending restrictions imposed by the Reserve Bank.
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Stuff.co.nz
RBNZ cracks down on mortgage lending
20/08/2013
“While there are positive moves to deal with the supply issue, that will take some time to be resolved. Credit growth, currently at around five per cent, is not driving this,” said New Zealand Bankers’ Association chief executive Kirk Hope.
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