Green loans are loans meant for sustainable, environmentally friendly purposes, such as electric vehicles, E-bikes, solar panels, and insulation for your home using the equity built up in your property. Green lending is the practice of providing loans to borrowers who want to pursue green projects or make their lives[...]
Scammers and fraudsters are taking advantage of our increasingly digital and online based world to steal funds from their victims. Banks are generally trusted by their customers and have direct access to people’s money and account details, making them a natural target for scammer impersonation. People need to be increasingly[...]
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[...]
Many home owners will have enjoyed the historic low interest rates over 2021 and into 2022 where they got as low as 2.19% for a while there. Well that probably seems a distant memory now, as you face the prospect of rolling off those wonderful rates onto something more[...]
Buying a home is a significant life event that for most comes with the largest financial commitment you will face in your lifetime: A Mortgage. Over the 30 year life of a mortgage borrowers face significant changes to market conditions and movement through the peaks and troughs of the interest[...]
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[...]
We are lucky here in NZ that with 4 main banks and quite a few smaller ones, there is an offering for meet most clients needs. With my clients I work with them initially to work out the best bank with the right structure that will help them hit their[...]
In my role as a mortgage advisor, quite understandably I guess, I am asked lots of questions by lots of people. There is one which comes up again and again – What do I need to do to get a home loan or increase my current borrowing? Or put it[...]
I am sure you will all remember the TV advert, a dog is yours for life, not just for Christmas. I do, and it probably sparked me into a life of dog ownership (currently 2 retired greyhounds who dominate our sofas 24/7 – see the photo above). Well, a mortgage[...]
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[...]
