Helping your kids buy a home

Oct 23, 2019 8:06:00 AM

With the rising cost of property across New Zealand, it’s not surprising that so many parents are having to help their grown-up children buy property. In fact, it’s estimated that the “Bank of Mum and Dad” is the sixth largest lender when it comes to mortgage lending in New Zealand. While bank lending requirements have made it harder for first-home buyers to use their parent’s help to get onto the property ladder, there are still a few ways you as a parent can help.


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Topics: Pre-approvals, NZ Finance, NZ Mortgage Adviser, Bank of mum and dad, Guarantor, Home Loan Advice, Buying property in New Zealand

What is the home loan pre-approval process?

Oct 16, 2019 8:06:00 AM

A home loan pre-approval gives you peace of mind when you first start house-hunting, by letting you know exactly how much money the bank is prepared to lend you. Although your pre-approval is conditional, it puts you in a position to move quickly when you find your ideal home, and it’s also an essential step if you want to bid at auctions. Here’s what you need to know about the home loan pre-approval process.


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Topics: Pre-approvals, NZ Finance, NZ Mortgage Adviser, Home Loan Advice, Buying at auction, Buying property in New Zealand, Home loan pre-approval

Can non-residents buy property in New Zealand?

Oct 9, 2019 9:08:51 AM

In late October 2018, the Overseas Investment Amendment Bill came into effect. While the changes to the bill restrict certain overseas people from buying residential land and existing properties in New Zealand, there are still opportunities for overseas investors who want to buy residential land to build on, as well as for residence-class visa holders who don’t currently live in New Zealand but want to buy a home here.


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Topics: NZ Finance, NZ Mortgage Adviser, Home Loan Advice, Non-resident buyers, Buying property in New Zealand, Non-resident lending

Should you get a “pre-nuptial” agreement?

Oct 2, 2019 8:07:00 AM

It’s not uncommon for couples to contribute different amounts when buying their first family home. Under New Zealand law, once a couple has been living together for three years or more, they are subject to the Property (Relationships) Act, which states that assets are shared equally regardless of how much each person initially contributed. A “pre-nup”– or a Contracting Out Agreement – is a way to preserve respective contributions in the event of a separation or divorce.


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Topics: NZ Finance, NZ Mortgage Adviser, Home Loan Advice, Buying property in New Zealand, Contracting Out Agreement, Pre-nuptial