FAMNZ

🇳🇿 FAMNZ at Astute Product Day – Auckland! 🇳🇿 Our Country Manager, Leigh Hodgetts, was on the ground at the Astute Product Day at Remuera Golf Club, Auckland—the first of three PD days across New Zealand this week! A fantastic day of networking and learning with lenders, mortgage advisers, and an insightful economic update from Kiwibank Economist Sabrina Delgado Leigh also had the opportunity to share more about FAMNZ, our advocacy work, upcoming events, and how we’re supporting advisers across the country. Next up: Hamilton tomorrow, Christchurch on Friday! #FAMNZ #AstutePD #Advisers #MortgageAdvisers

Join Us for the Final Adviser Elevate Event of the Series in Tauranga! Following the success of our 2024 Auckland and Christchurch events, we’re bringing the last Adviser Elevate in the series to Tauranga! This is your chance to connect with industry peers, gain valuable insights, and explore new ideas to grow your business. 🗓️DATE: Tuesday 8th April 2025 🕓TIME: 10.00am – 2.00pm 🌏WHERE: Trinity Wharf, Tauranga 🥪CATERING: Morning tea and lunch provided Founder of Polish, Melissa Ferk helps professionals refine their brand, master storytelling, and ultimately stand out. With 20+ years in leadership and business growth, she delivers high-energy sessions on communication, resilience, and strategy. A Business Growth Advisor with 15 years of experience, Julia Roberts turned her own salon chain into a thriving business before shifting to helping others scale and succeed. Now running a marketing agency in NZ, she trains business owners in cutting-edge strategies and AI-driven growth. We will also have a non-bank lender panel discussion and a business finance panel discussion. Who Should Attend Finance and mortgage advisers looking to network, learn and grow their business with tools we share on the day.
 Why You Should Attend - Non-members can find out more about FAMNZ - Members can network with other FAMNZ members in the region - Discover how FAMNZ are supporting advisers with advocacy - Learn new skills by hearing from our panel guest speakers - Grow your business! To REGISTER visit https://ow.ly/NWjB50VevjS #FAMNZ #AdviserElevate2025 #AdviserElevateTauranga2025 #TaurangaAdvisers #FAMNZevents

The dispute between mortgage advisers and the Commerce Commission over its insistence that borrowers be presented with three actual offers from three different lenders has taken another turn. The Finance and Mortgage Advisers Association of New Zealand (FAMNZ) is putting together a proposal it hopes will get to where the commission wants with its directive and stop any further government regulations on how mortgage advisers should do their job. While not outlining the proposal to TMMO, FAMNZ country manager Leigh Hodgetts says the commission asked for recommendations on solving the issue after a series of discussions. Read the full article 👇 #FAMNZ #MortgageAdvisers #FinanceNZ #AdvisersNZ

🎉 Congratulations to Leigh Hodgetts, Country Manager, FAMNZ! 🎉 We’re proud to celebrate Leigh for earning a place on NZ Adviser’s Elite Women 2025 list! This prestigious recognition highlights the most influential women in the industry - those driving progress, shaping the future of finance, and championing gender equity. This award is a testament to the ongoing growth and positive change in our industry. Well done, Leigh - your leadership and dedication continue to inspire! 👏 Read about Leigh's award here:👇🏻 https://ow.ly/6Y7Y50V9Ui5 #FAMNZ #EliteWomen2025 #Leadership #FinanceIndustry

Following its Wednesday meeting, New Zealand’s Reserve Bank reduced the OCR by 50 basis points to 3.75%, citing stable inflation and economic outlook – a move expected to ease borrowing costs and stimulate the housing market amid fluctuating property values. The Finance and Mortgage Advisers Association of New Zealand stressed the need for lenders to adjust quickly to support borrowers, especially those struggling with previous high rates. Read the full article 👇 #FAMNZ #MortgageAdvisers #FinanceNZ #AdvisersNZ

All the major banks have moved to cut interest rates, after the Reserve Bank delivered a 50 basis point cut to the official cash rate. But one economist has warned the bank may be about to "overshoot" with its rate reductions, and cut too far. Here is how the banks responded. Read the full article 👇 #FAMNZ #MortgageAdvisers #FinanceNZ #AdvisersNZ

Finance and Mortgage Advisers Association of New Zealand (FAMNZ) RBNZ interest rate decision – “If as expected, the Reserve Bank of New Zealand (RBNZ) reduces the official cash rate, we call on all banks to quickly pass on the full reduction to both new and existing borrowers. “Our message to borrowers who do not see a reduction in their repayments is to contact your lender and ask why. If you don’t get satisfaction see your mortgage adviser as the market is becoming more competitive and advisers can assist you to refinance if necessary. “The general feeling across New Zealand is that there will be further rate cuts during 2025, and we are already seeing competition heating up between the banks. Read the full article 👇 #FAMNZ #MortgageAdvisers #FinanceNZ #AdvisersNZ

FAMNZ is a proud to sponsor the IMBF World Summit 2025, bringing together leading advisers and experts to delve into the critical issues shaping the industry. 🗓️When: 20th & 21st May 2025 🌍Where: Dublin, Ireland Join us for two days of thought-provoking discussions, valuable networking opportunities, and actionable insights. This is an exceptional platform to gain a deeper understanding of the challenges and opportunities in the finance industry across different countries. For more information or to REGISTER, go to https://ow.ly/JgaJ50UWrYe #FAMNZ #IMBF25 #Dublin #IMBFDublin #Advisers #FinanceAdvisers

As mortgage arrears rise in NZ, banks are curbing mortgagee sales and enhancing dialogue to address widespread mortgage stress. Recent data from Centrix revealed a 7% increase in mortgage arrears across New Zealand over the past year, indicating more homeowners are struggling with their loan repayments. As of December, 1.5% of mortgage lending was in arrears, up from 1.41% the previous month, translating into 22,100 mortgages overdue, an increase of 1,100 from November, RNZ reported. Read the full article 👇 #FAMNZ #MortgageAdvisers #FinanceNZ #AdvisersNZ

Advisers say the current processing time for pre-approvals is between five and 10 days. So, Kiwibank’s move got at least one adviser excited, Kerikeri-based Sarah Curtis writing on LinkedIn that this is “a new option that is going to change the game.” The Finance and Mortgage Advisers Association of New Zealand (FAMNZ) country manager Leigh Hodgetts says all lenders had stopped providing pre-approvals completely ahead of Christmas because the turnaround times were so slow, though she regards them as “nice to have rather than an essential offer.” Read the full article 👇 https://ow.ly/bwP150V137r #FAMNZ #MortgageAdvisers #FinanceNZ #AdvisersNZ