New Zealand's Commerce Commission proposes multiple loan offers by advisers to increase mortgage competition.

The Commerce Commission in New Zealand proposes requiring mortgage advisers to present multiple loan offers to clients to boost competition. However, the Finance and Mortgage Advisers Association of New Zealand argues this will increase costs, lengthen application times, and harm credit ratings. They claim advisers already promote competition effectively and urge the government to reconsider the policy.

6 weeks ago
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