NZ property: what can we expect in 2017?

Jan 17, 2017 4:25:11 AM

Following two years of double-digit house price increases, lending restrictions and rising mortgage rates look set to slow house prices in 2017. In this month’s finance article, we take a closer look at the influences that could affect the housing sector in 2017, following Westpac’s latest Home Truths report which outlines predictions of a more subdued housing market outlook for the year ahead.


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Topics: Mortgages, LVR, Property, Housing Market, REINZ

Ways to save in 2017

Jan 13, 2017 5:43:42 AM

If 2017 is the year you kick your spending habits and get on the road to saving, then read on. When it comes to saving money, making a few changes to old habits can result in significant savings. To get your finances off to a good start in 2017, we’re sharing our top tips for saving.

 


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Topics: Mortgages, Savings, Budget, Resolutions, 2017

How much insurance cover do you need?

Jan 11, 2017 9:16:05 AM

When things are going well, it’s hard to imagine your life changing drastically. But all too often, families are left stranded when the breadwinner is unable to continue working. With the start of a new year, it’s a good time to take a closer look at your insurance cover. Would your family manage financially if you were unable to continue working? How would you pay your mortgage or rent? And how much insurance cover do actually you need?

 


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Topics: Insurance, Income Protection, Mortgage Repayment Cover, Health Insurance, Life Cover, Trauma cover, Total or Permanent Disablement Cover

Arranging your home for a summer sale

Dec 13, 2016 7:51:28 AM

Selling your home in summer lets you show it off at its very best. But enticing prospective buyers in can be tricky, when many prefer to avoid attending open homes when it’s just too hot. To help get your home summer-ready in time to sell, we’re sharing our tips. Embrace those lazy summer days with a few simple chores to make your home a cool and welcoming oasis for prospective buyers.


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Topics: Property Tips, Mortgage Advisers, Mortgages, Summer, Selling your Home

Securing pre-approval for your mortgage

Dec 13, 2016 7:51:00 AM

Before you start house hunting for your dream home, it’s a good idea to get pre-approval for your mortgage. A pre-approval gives you peace of mind knowing how much you can buy for, shows sellers you’re serious about buying, lets you bid at auctions, and puts you in a better negotiating position when it comes time to make an offer. Read on to find out more about getting pre-approval for your home loan.


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Topics: Mortgage Advisers, Pre-approvals, Mortgages, Lenders

Debt to income ratio – will it affect you?

Dec 12, 2016 7:00:00 AM

There’s been quite a bit of media hype in New Zealand recently around the possible introduction of restrictions to lending criteria based on a buyer’s income. Called a debt to income ratio, the idea has been floated by the Reserve Bank of New Zealand in order to further address the supply and demand imbalance in our property market. Read on to find out how a debt to income ratio could affect you.

 


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Topics: Mortgages, Debt to Income Ratio, Reserve Bank of New Zealand

Buying off-plan: what you need to know

Dec 6, 2016 6:25:39 AM

When it comes to buying off-plan, many buyers are not aware of just how different the sale and purchase rules are. Clauses in pre-sales contracts for new apartments or subdivisions actually provide developers with the option to make changes to the contract, which could impact on the price you pay. To help you understand the different set of sale and purchase rules that apply when buying off-plan, read on.

 


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Topics: Finance, Buy a Home, First Home, Buying Off-Plan

All about debt consolidation

Nov 21, 2016 6:00:00 AM

Does it feel as if you can’t keep track of all of your debt? Are you missing repayment dates? Do you need help reducing your debt? If you need to take control of your debt, a debt consolidation loan may be the answer.

While it may feel a little like you’re simply moving your problem to another loan, a debt consolidation loan can help simplify your repayments and can even help reduce your debt over time. To help you decide whether or not a debt consolidation loan is the right decision for you, here are a few things you need to know.


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Topics: Finance, Debt Consolidation

What does the election of Donald Trump mean for New Zealand?

Nov 17, 2016 4:28:59 AM


For many of us in New Zealand, Donald Trump’s win over Hillary Clinton in the US election last week came as something of a shock. In a move that has been likened to Britain’s Brexit, the world watched as the growing strength of the anti-establishment, anti-globalisation undercurrent propelled Donald Trump into presidency. One week on, many are wondering what changes to expect when the 45th President of the United States takes his place in the White House.


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Topics: New Zealand, Economy, Trump, President of the USA

Getting a mortgage when you’re self-employed

Nov 11, 2016 8:18:16 AM


Running your own business and being self-employed needn’t mean the end of your home ownership dream. It’s true that self-employed borrowers will need to jump through a few extra hoops in the mortgage application process, but it’s not impossible. If you work for yourself and you’re looking to buy your first home or to re-mortgage your existing property, take a look at our guide to getting a mortgage when you’re self-employed.


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Topics: Mortgages, Self-Employed