New post
November 28, 2023
How do I work out what to pay for my dream home?
As home loan advisors, we keep our fingers on the pulse of real estate to bring you up to date information and helpful strategies when it comes to investing in property. Recently, we have seen an upward trend towards allowing the market to dictate the price across...
If you’re feeling the pressure with mortgage interest rates increases, you’re not the only one.
A recent banking survey by Horizon indicated there is a lot of pressure already on home owners with more to come.Around 3% of New Zealand mortgage holders are fearful they may have to sell a property over the next year – that’s equivalent to 43,000 home loans.In addition...
Mortgage Rates Still Climbing in NZ
August 9, 2023
Reporter Catherine Masters interviews Stephen as part of her article on mortgage interest rates.
Mortgage rates may edge up further in the months ahead but economists and mortgage brokers spoken to by OneRoof don’t expect big hikes from now on.The Reserve Bank signalled in May it would not be lifting the Official Cash Rate further, leading to a premature expectation b...
Set yourself up for success when buying your First Home
August 2, 2023
Ignore distractions and set yourself the goal of owning your own home.
Focus on the facts. Tens of thousands enter the property market each year in New Zealand and you can too.Once you’ve set the goal you need to make sure your finances are as healthy as they can be.Reduce any debt you may have and to do this you need a plan.Systematically wo...
Mortgage Pressure - You're Not Alone
July 12, 2023
Is your bank no longer wanting your business?
June 21, 2023
In a shock announcement for HSBC mortgage holders, HSBC has announced that it will be exiting the New Zealand market.HSBC actively marketed itself as a bank offering discounted rates to what they determined to be “premium clients” attracting people with good incomes and ...
Managing your mortgage: A Guide to Mortgage Refinancing
June 12, 2023
Buying a home is a significant investment that comes with various expenses, including mortgage payments. While paying off a mortgage over a long period can be daunting, refinancing your mortgage can be a useful tool to reduce your monthly payments and maximise your savings.R...
What impact does insurance have on buying a home?
June 2, 2023
Did you know that your ability to get insurance impacts your ability to borrow?
Although a property may look great on the surface, there can be a number of reasons where it is usually uninsurable and this means that you cannot get finance from a bank.Reasons include:Unconsented workOlder homes with wiring that needs to be testedLeaky homesProperties in ...
Changes to LVR restrictions
May 31, 2023
Since November 2021 many creditworthy borrowers have been blocked from obtaining finance by the LVR limits that were put in place due to the pandemic to reduce the risk to banks.Restrictions on high-LVR residential mortgage lending set a ‘speed limit’ on how much new low...
I recently had the chance to listen to economist Tony Alexander speak at the Financial Services Council Conference. Although many in the Media see the current market conditions negatively, Tony instead sees them as a once in a generation opportunity to buy property that hist...
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