PML Blog

Does your credit score matter? Well, yes and no… There is some misconception about how New Zealand’s credit scores work compared to the rest of the world. A common misconception is that you have to get something on credit to get a credit score, like getting a credit card or personal loan. This doesn’t necessarily...Read More

Are you looking for the best deal when it comes to buying a new property or refinancing an existing mortgage? If so, you may have heard about the mortgage war that was raging over the past few weeks. These bank offers have now largely ceased but do happen from time to time. The low-interest rate...Read More

It’s interesting times alright, especially in the residential loan market. We have 4 (5 if we include our Government owned bank) main banks, plus a handful of smaller banks who lend the majority of residential borrowers in NZ. But what if you don’t qualify for a bank lend? Or what if you want to borrow...Read More

You may have heard the term “Usable Equity” before and wondered what it means. Let’s dive in… In simple terms, it is the amount much equity you have available to be “used” – easy right? But how do I calculate this? And what can I use it for?   To calculate usable equity, we need...Read More

The new Credit Contracts and Consumer Finance Act (CCCFA) came into effect on Dec 1 2021 with a vision to protect vulnerable borrowers. This has shaken up the housing market, spooking borrowers and making banks more tentative in their lending. The act has increased analysis on customer expenses, causing numerous sensationalized headlines about that extra...Read More

Your credit score is a number between 1 and 1,000 that indicates how likely you are to pay your bills on time. The higher the score, the better your credit rating is. If your score is low, mainstream banks can be reluctant to lend – to both individuals and businesses. Companies may be reluctant to...Read More