A ban on foreign property buyers

Nov 17, 2017 12:35:00 PM

With a change in government comes a change in policy and the first of these is a ban on foreigners buying existing property in New Zealand. Just how much of an impact this will have on the New Zealand property market remains to be seen, with many experts believing only a small percentage of property buyers will be affected. Is the ban simply a political move or will it help curb rising house prices?


Read more

Topics: Mortgage, new zealand property, new zealand real estate, buying property, meth testing, meth contamination, labour government, foreign buyer ban

Meth testing your rental property

Nov 14, 2017 12:33:54 PM

There’s been much discussion in the media recently around methamphetamine contamination in New Zealand. Tenants are being evicted and landlords are spending thousands of dollars decontaminating properties that test positive for “P”. While some scientists have questioned the government’s standard for meth contamination, many believe it’s vital in helping safeguard the value of properties and its tenants. Either way, as a landlord in New Zealand, it’s important you understand meth contamination.


Read more

Topics: Mortgage, new zealand property, new zealand real estate, buying property, meth testing, meth contamination

Making your home loan work for you

Oct 13, 2017 10:23:08 AM

When it comes to choosing a home loan, interest rate is not the only thing to consider. Loan features – like the ability to make extra repayments, a line of credit, an off-set account, or repayment holidays – are just as important. To help you understand what features you could be offered by your lender, we’ve outlined some of the more popular options.


Read more

Topics: LVR, Mortgage, new zealand property, new zealand real estate, first home buyer, buying property, Second Home, house sales, mortgage ready, property sales, mortgage stress, low equity margin, LEM, loan to value ratio

NZ Property Market, post-election

Oct 12, 2017 11:36:00 AM

The 2017 New Zealand election may be out of the way but its impact is still being felt in the NZ property market. Uncertainty continues to weigh in with spring sales noticeably lower than previous years. Nationwide residential property values rose for September, although a much smaller increase was recorded in the Auckland region. Read on to find out how New Zealand’s property market is expected to perform, post-election.


Read more

Topics: LVR, Mortgage, new zealand property, new zealand real estate, first home buyer, buying property, Second Home, house sales, mortgage ready, property sales, mortgage stress, low equity margin, LEM, loan to value ratio

Low Equity Margin

Oct 9, 2017 11:36:00 AM

Changes to the Loan to Value Ratio (LVR) and an overall tightening up on low deposit lending has seen banks and lenders charge a number of additional fees to borrowers with less than a 20% deposit. One of these fees is a Low Equity Margin (LEM); a percentage added to your interest rate that remains there until your loan reduces to the 80% threshold. As a borrower, it’s important you’re clear on exactly how this fee is charged.


Read more

Topics: LVR, Mortgage, new zealand property, new zealand real estate, first home buyer, buying property, Second Home, house sales, mortgage ready, property sales, mortgage stress, low equity margin, LEM, loan to value ratio

Managing Mortgage Stress

Oct 6, 2017 11:28:10 AM

Despite record low interest rates, more and more homeowners are struggling to meet their home loan repayments and are experiencing “mortgage stress”. Even the slightest increase in interest rates could leave these homeowners vulnerable and unable to repay their mortgage. Let’s take a look at what “mortgage stress” is and how you as a homeowner can deal with it.


Read more

Topics: Mortgage, new zealand property, new zealand real estate, first home buyer, buying property, Second Home, house sales, mortgage ready, property sales, mortgage stress

Mortgage Traps: What to look out for

Sep 21, 2017 8:19:22 AM

Finding the right home loan isn’t as easy as it sounds. With so many mortgages on offer – each with its own conditions, terms, features and rates – it can start to feel like you’re navigating a mine field. To help you avoid a potentially costly mistake, here are some of the mortgage traps you need to look out for when choosing the right home loan.


Read more

Topics: Mortgage, new zealand property, new zealand real estate, first home buyer, buying property, Second Home, house sales, mortgage ready, property sales, mortgage traps

Rentvesting: a property investment strategy

Sep 19, 2017 5:15:15 AM

It’s the latest buzzword in the property industry: Rentvesting. Renting where you want to live, buying where you can afford to. And it’s proving a popular option, particularly amongst younger first home buyers who are keen to invest in their future without foregoing their lifestyle. So, what are the benefits of rentvesting and is it for everyone? Read on to find out.


Read more

Topics: Mortgage, new zealand property, new zealand real estate, first home buyer, buying property, Second Home, family trust, house sales, mortgage ready, property sales, rentvesting

How to get “Mortgage Ready”

Sep 11, 2017 9:07:55 AM

Buying a home today seems to be an insurmountable challenge. We’re constantly told that banks have cut lending, credit rules have tightened, and property prices have spiralled out of control. While these factors are indisputably true, there is still hope. If you’re a first home buyer looking to get into the property market, there are a few important steps you need to take in order to get mortgage ready.


Read more

Topics: Mortgage, new zealand property, new zealand real estate, first home buyer, buying property, Second Home, family trust, house sales, mortgage ready, property sales

Property sales in a slowing New Zealand market

Sep 11, 2017 9:02:33 AM

Across New Zealand house price inflation appears to have slowed, as tighter lending conditions, loan-to-value restrictions, and the run up to elections continue to deter buyers. But economists predict a rebound post-election, and home owners are being told not to panic. If you are considering selling your property over the next few months, take a look at some of our helpful tips.


Read more

Topics: Mortgage, new zealand property, new zealand real estate, first home buyer, buying property, Second Home, family trust, house sales, property sales