Can't complain,as my SEQ in Aussie are up 27.4% today.
Wonder how much they will be up "at the end of the day".?
Printable View
Typical Spotcap interest rate about 17.5% what are HBL lending to Spotty at ?
$20M of newly minted equity as one loan to one company ?
Are they going to chuck the SPP $10M at SpotKiwi ?
Best Wishes
Paper Tiger
I have joined some of you guys and bought some HBL at $1.55 yesterday. I am a small fish compared to many of you but I do love a good Dividend Reinvestment plan.
Attachment 8647
Mine is bigger than your:t_up: but who care with steady juicy dividend...HBL is a keeper!!
Sometimes size doesn't always matter :)
Heartland to ener mortgage online lending .Floating rate only.
1 billion mentioned.
http://www.interest.co.nz/business/8...ainty-not-best
Happened to tumble across this one on interest.co.nz, which I frequent quite regularly....
That is a Peel P50. I have a connection to the original manufacturers of these.
If you want, you can buy a new one: Peel Engineering.
Best Wishes
Paper Tiger
Disc: I am not on commission.
Would be interesting to know what sort of person would be interested in such a loan, 1. it's floating 2. it's not the greatest deal as far as interest rate goes.
Maybe a short term bridging loan? Hmmn but good luck to them,there are all sorts of people out there in all sorts of situations.
Most banks these days are pretty damn quick to organise a loan if you have everything hbl wants,crikey I did it on my phone in no time.
This is what the Deputy CEO said about type of customers being targeted: "What we can see is if we can acquire customers cheaply, customers who don't want the best rate, and are not at the risk end of the curve in terms of high LVR, but do value speed and certainty, then we think we'll be able to provide them a service they'll value," Flood said.
This is definitely quite a big change in strategy for HBL who have consistently said they do not want to be in the residential mortgage market. Percy we canīt say anymore that they " always do as they say they will" :-)
I am not sure about this new direction but time will tell. At least it sounds like they will not be spending any money on this as all will be done with existing staff through existing channels.
I made a mistake.I thought like Scotty,Jeff Greenslade was talking about RELs, not usual mortgages.
So HBL are positioning themselves, where they said they would.Digital products delivered online.
They have made it very clear they want margin,by keeping the cost of delivering the product using existing staff and systems,and by safe guarding themselves with only floating rates.
Yes it seems to fit their suite of products,and if they can add yet another product at no extra cost,and make a margin, it is worthwhile.They are not trying to go head to head,with the major players .