The Mortgage Magazine

Mortgage advisory, lender, accountancy and insurance company Onboard lending director Ash Mitchell says anyone can enter the business finance industry with no training and ultimately the client and banks are those paying for it. Mitchell, who has 11 years’ experience in the finance industry, says Onboard frequently sees applications that have been poorly done and it becomes the ambulance at the bottom of the cliff, trying to fix problems.

Heartland shareholders approved a deal where the bank buys all the TSB shares held by the Toi Foundation and then merge the two entities into one bank. DETAILS HERE. OBITUARY - Link Financial Group former CEO Josh Bronkhorst

​My last meeting of last year was lunch with Josh Bronkhorst out at Link Financial Group's head office on Auckland's North Shore. It had always been great to sit down and have a yarn with Josh. But now he’s gone. A few weeks after our lunch, I got a call to say Josh is stepping aside from running Link due to health reasons. It stunned me considering everything seemed pretty normal at our lunch in December.

[Obituary] Josh Bronkhorst. Josh passed away recently after a short battle with cancer. Good Returns Publisher Philip Macalister reflects back on Josh's time in financial services. READ ON HERE

After a stint as car rental business owner, Smith came into the sector firstly as a NZFSG salaried mortgage adviser before setting up his own business, which now has 60 advisers nationwide giving advice on mortgages, insurance and KiwiSaver.

Sitting as the third biggest national aggregator behind NZFSG and KAN, Link Financial Group (LFG) now has 240 advisers working across mortgages, insurance and KiwiSaver. Roberts says growth opportunities in the adviser space are huge. “The channel of choice towards the adviser market has shifted significantly in New Zealand, although we are way behind Australia.” Across the ditch 80% of mortgages are written through advisers, while in New Zealand it is just on 55-60%.

All banks passed on the recent 0.25% lift in the OCR but took a varying number of days to do it. Eight banks that provide 98% of New Zealand’s housing loans provide information to the FMA about their pass on rates. The August OCR pass-on rate varied from two days at the fastest clip to 15 at the slowest for new borrowers and eight days to five weeks for existing customers.

A new non-bank lender has entered the market. It's received a significant bank funding line and some of the names behind the business will be recognised by advisers. [READ ON] Who is behind MB Private? Find out here. Amongst home loan rate news TSB has gone the other way and reduced rates on its one year term. Check out how it compares here.

A new non-bank lender has entered the market. It's received a significant bank funding line and some of the names behind the business will be recognised by advisers. [READ ON] Who is behind MB Private? Find out here.

MB Private has assembled a leadership and governance team with experience across corporate lending, property finance, banking and investment. Founder Marcus Morrison (pictured) co-founded Zagga — New Zealand's first peer-to-peer lender specialising in secured loans — in 2014, and remains its executive director across both its New Zealand and Australian operations.