Wealthpoint has set up an arrangement with Steadfast business insurance brokers in an effort to expand its general insurance business and offer more products to its advisers and clients.

ANZ has confirmed it will review its affordability criteria for investor loans in the wake of the Government's housing reforms. TMM Online asked the rest of NZ's major lenders if they plan to follow suit.

Political pressure on the Government to “do something” about the housing market means 2021 will be remembered as the “year of property politics”, says CoreLogic senior economist Kelvin Davidson.

ANZ is the first big four lender to confirm that it will review investor lending assessments following the Government's housing reforms.

Westpac Banking Corporation has confirmed that it will review a sale of its New Zealand business, citing the Reserve Bank's new capital rules as a major factor.

Westpac Banking Corporation is considering selling or spinning off its New Zealand banking business, according to reports across the Tasman.

Mortgage Express has a new adviser for the Wairarapa and Tararua region. 

Advisers have criticised the Government's radical housing market reforms, which will have a significant impact on investors.

The Reserve Bank has forced Westpac to conduct two independent reviews into potential risk governance failings amid "ongoing compliance issues".

Limiting tax deductibility for property investors’ mortgage interest would be a better game changer than scrapping it altogether, says Westpac acting chief economist Michael Gordon.

NZPIF president Andrew King says he is astounded the Government has not done any work on the fiscal reality of its policy scrapping tax deductibility on landlord mortgages.

The Government’s attempt to skew the housing market away from investors to first home buyers will have a chilling effect on investor demand, says Westpac senior economist Satish Ranchhod.

The Government’s crackdown on residential property investors through an extension of the bright-line test and removal of interest deductibility will have little effect for several years, says CoreLogic head of research Nick Goodall.