– Historic church building seized from cannabis grower now for sale<\/a><\/p>\nLeydon said lending that came via mortgage brokers was an important and growing part of how BNZ helped New Zealanders into homes and sat at 40% of its home loan book as of March 2026, up from 38.9% year-on-year.<\/p>\n
BNZ had also recently ramped up the number of people to the team that assessed broker-submitted home loans to support brokers and deliver high-quality service and turnaround times.<\/p>\n
\u201cWe value the choice and reach brokers bring, and we\u2019ll keep supporting both the broker and direct channels.\u201d<\/p>\n
A boss of another mortgage company, who asked not to be named, said in his view \u201cclever\u201d sought professional financial advice.<\/p>\n
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GV Financial Services director Gareth Veale: “Not every bank\u2019s set of policy solves every situation that a client has.” Photo \/ Supplied<\/p>\n
\u201cIn my opinion, clever goes and sees an adviser, and if BNZ is the right option out of all the options available then that\u2019s how clever ends up with a mortgage at BNZ,\u201d he said.<\/p>\n
\u201cThat\u2019s why we [mortgage brokers] exist. That\u2019s why we\u2019ve got a 60% market share, and that\u2019s why Australia, which has a more mature adviser industry, has got close to 80%.\u201d<\/p>\n
Customers should always shop around, he said.<\/p>\n
\u201cIt\u2019s very rare for a bank to position themself against brokers they are trying to do business with, and it\u2019s not gone down well within our business. We have a supplier agreement with the BNZ; we don\u2019t go around knocking them, but what they are doing now is obviously casting aspersions on our pathway as an entire industry.\u201d<\/p>\n
Financial Advice NZ chief executive Nick Hakes, who runs the largest industry body for financial advisers, said it was important lenders kept working with mortgage advisers because of the important role and independent advice they gave.<\/p>\n
\u201cMeet consumers where they are. The evidence and research say that people are better off if they make really important financial decisions with qualified professional advice. That\u2019s just what the research says time and time again.\u201d<\/p>\n
\u201cAll lenders, I think, would need to think about how they deliver service to Kiwis to ensure they deliver good levels of service across the board. It can\u2019t just be one channel.\u201d<\/p>\n
– Click here to find properties for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Mortgage brokers have accused one of New Zealand’s major banks of trying to squeeze them out. Brokers told…\n","protected":false},"author":2,"featured_media":254807,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[138,1258,111,139,69],"class_list":["post-544304","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-latest-news","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/544304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=544304"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/544304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/254807"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=544304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=544304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=544304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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