Are your rental properties insulated? Do you know the minimum insulation requirements in New Zealand? Do rental properties have to have insulation? From 1 July 2019, ceiling and underfloor insulation will be compulsory in all rental properties where it is reasonably practicable to install. It must comply with the regulations and be safely installed. Otherwise, you might face up to $4,000 fines. Are you lacking of money for your insulation? If so, continue reading this article.

ANZ is pledging $100 million of interest-free home lending for your insulation

Video Timeline

1. What’s the minimum insulation requirements for your rental property? And the consequence if you don't comply it? -- 00:06

2. ANZ Interest-free home loan offer– for insulation -- 00:39

3. What's the eligibility of ANZ insulation Interest-free loan? -- 01:05

1.What’s the minimum insulation requirements for your rental property? And the consequence if you don't comply it?

Are your rental properties insulated? Do you know the minimum insulation requirements in New Zealand? Do rental properties have to have insulation? 

From 1 July 2019, ceiling and underfloor insulation will be compulsory in all rental homes where it is reasonably practicable to install. It must comply with the regulations and be safely installed. Otherwise, you might face $4,000 fines.

Landlords will need to find out what insulation is in your rental property. This includes physically looking, engaging a professional to do an assessment, or checking the council building file.

Ask for a professional insulation installer to install or check the insulation for your home. They will be able to advise and give you a quote if the insulation needs work to meet the regulations that come into force on 1 July 2019.

I highly recommend you to talk to a professional early to avoid a last-minute rush.

2. ANZ Interest-free home loan offer– for insulation

I know how expensive it is to live in New Zealand. It's quite challenge if you are going to pay a one-off payment to insulation for one property. Needless to say if you got two or more properties, it might be a tough situation for you to take out several thousands of dollars.

Now...here is the good news.

ANZ is pledging $100 million of interest-free home lending to help insulate Kiwi homes. You will be able to apply up to $5,000 per property secured with ANZ. Each loan is limited to a maximum of $5,000 or the value of the quote, whichever is lower. For the insulation quote, you will need to get it from your insulation professional. 

3. What's the eligibility of ANZ insulation Interest-free loan? 

The prerequisite is you must be ANZ customer, however if you transferred your mortgage and gave ANZ a loan over the house to be insulated, you would be able to apply. You are allowed to request 2 separate loans, but each loan must be for a separate property held as security by ANZ.

Talk to us now at 09 930 8999 and we can’t wait to help you get this limited loan offer from ANZ. Tell your friends if you know them might need an insulation mortgage, and we will help them get it sorted. 

Disclaimer: The content in this article are provided for general situation purpose only. To the extent that any such information, opinions, views and recommendations constitute advice, they do not take into account any person’s particular financial situation or goals and, accordingly, do not constitute personalised financial advice. We therefore recommend that you seek advice from your adviser before taking any action.

    

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