First Home Buyers - July 30th What Are the Risks and Benefits of Buying Off-the-plan Properties? What does buying off the plan mean? Buying a property off the plan means buying a property that has yet to be constructed, such as an apartment in a complex that’s yet to be built or …
First Home Buyers - July 26th Top Tips for Building A New Home 1. Build to your section The key to good home design is to build to the section, not the other way around. You should design or choose a house plan that is going to make the …
First Home Buyers - July 25th How Does a Mortgagee Sale Affect Tenants? What is a mortgagee sale? A mortgage is a home loan secured against a property. If the borrower fails to make their mortgage repayments, the lender can sell the property to recover the money they are …
Home Loans - July 25th How to Get a Home Loan For a New Build Most people apply for finance to purchase a section and to build a new home at the same time. This requires two finance offers, one for each stage of the project, which means a range …
Home Loans - July 25th How Much to Build a New House in NZ? How Much to Build a New House in NZ? In this article we cover: Median cost of buying an existing house in NZ Rising cost of building a new house We're building more, smaller homes …
First Home Buyers - July 23rd SBS Bank the Best for First Home Buyers Over the past three years, economic conditions have conspired against first home buyers. A weak economy, job insecurity and high interest rates have put many Kiwis’ home ownership plans on ice. However, throughout this period, …
First Home Buyers - July 18th Mortgage Cashbacks: What’s On Offer? Canstar explores the current mortgage cashbacks on offer from the banks, and checks to see how the deals stack up. Mortgage Cashbacks While some banks make a big show of their first home buyer deals, it's worth …
Home Loans - June 21st Squirrel: What Do the new DTI Limits Mean for Borrowers? Almost nine years after the Reserve Bank of New Zealand (RBNZ) first tossed around the idea of implementing DTI (or debt-to income) lending restrictions in New Zealand, DTIs are finally happening. The new DTI rules will …
Home Loans - June 7th What is the Average Home Loan in New Zealand? Over the past few years, the mortgage and housing markets in NZ have been on a wild ride. As the Official Cash Rate was slashed to a record low of 0.25%, mortgage interest rates slumped. …
Home Loans - June 5th Low Deposit Home Loan: What are Low Equity Premiums? Recent rule changes around mortgage lending to borrowers with small deposits means it's easier to secure a low deposit loan. However, if you've only got a small deposit, it's likely you'll have to pay more …
