There's growing debate mortgage advisors need more regulation - alongside a Commerce Commission bid to make it easier to take out a home loan.

Discussions at a banking conference centred on concerns brokers don't encourage mortgage rate competition.

Simplicity CEO, Sam Stubbs, says they provide a valuable service, but commissions are a worry.

"What CommComm are concerned about is - are they actually acting in the best interests of the clients, or are they acting in the best interests of themselves to try and maximise their commission?"

LISTEN ABOVE

There's growing debate mortgage advisors need more regulation - alongside a Commerce Commission bid to make it easier to take out a home loan.
Discussions at a banking conference centred on concerns brokers don't encourage mortgage rate competition.
Simplicity CEO, Sam Stubbs, says they provide a valuable service, but commissions are a worry.
"What CommComm are concerned about is - are they actually acting in the best interests of the clients, or are they acting in the best interests of themselves to try and maximise their commission?"
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.