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Westpac says 65% of mortgage customers more than 3 months ahead of repayments

Westpac New Zealand says about 65% of its mortgage customers were more than three months ahead on repayments at March 31, which helps to explain why fewer customers than it had expected are suffering hardship amid higher interest rates.

Tue, May 7th 2024 09:14AM

Westpac NZ added $1.44b of mortgages in the six months ended March

3 min read

RBNZ is still looking in the rear vision mirror

1 min read

Paying the cost of bureaucratic incompetence

4 min read

New customers get 3-months' premium-free on Fidelity Life

1 min read

Overhaul of insurance regulations starts

2 min read

ANZ exits wholesale funds management

2 min read

Adviser's share of BNZ's new lending dipped; Mortgage arrears up and still rising slowly

1 min read

Adviser's share of BNZ's new lending dipped in latest six months

2 min read

Mortgage arrears up and still rising slowly

4 min read

Generate gets on board with Spirit of Adventure

1 min read

RBNZ could impose DTIs on mortgage lending from July; Mergers and acquisitions expand North Shore mortgage business

1 min read

Mergers and acquisitions expand North Shore mortgage business

3 min read

RBNZ could impose DTIs on mortgage lending from July

3 min read

Defendant pleads guilty in mortgage fraud scheme

2 min read

Financial Advice NZ appoints new Head of Professional Development

2 min read

Low deposit buyers on the hunt

1 min read

Lending for low deposit mortgages rises

4 min read

Lifetime Home Masterclass

1 min read

Liberty appoints new South Island BDM

1 min read

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