Why lenders decline mortgage applications

Nov 10, 2016 10:43:47 AM


There’s nothing worse than saving your deposit, finding your dream home, and doing your due diligence, only to have your home loan application turned down. There are a number of reasons why lenders decline mortgage applications; we’ve listed some of these here and we’ve outlined some of the ways you can prepare yourself to ensure a successful home loan application.


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Topics: Kiwisaver, Loans, Lenders, HomeStart

Changes to LVR and HomeStart

Aug 15, 2016 9:06:27 AM

Last month, the Reserve Bank announced plans to introduce new LVRs targeting investors throughout New Zealand, who will now need a 40 per cent deposit when borrowing for mortgages. KiwiSaver’s HomeStart Grant has also had some changes, with both income and house price caps increasing in order to meet the scheme’s objective of helping middle income earners into their own homes. Read on to find out more in this month’s property article.


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Topics: Property Article, LVR, HomeStart