On 10 May, ANZ, one of New Zealand's biggest banks, has announced they would decrease the percentage of rental income they take into consideration when assessing new home loan application from 75 per cent to 65 per cent effec...
Some of the major New Zealand banks have dropped interest rates on short-term loans. At the time of writing (03 May 2021), the lowest one-year rate is 2.25% among these major lenders.
The removal of interest deduction on residential investment property hurts highly leveraged investors the most. To cope with the Government’s new housing rules, lenders are reviewing their lending policies for mortgage.
New Zealand's government tackles at property speculators with a package of new housing rules to relieve runaway property prices and reduce the risk of a "dangerous" bubble. Banks are more likely to review their servicing calc...
In March 2021, New Zealand government announced a new housing policy package targeted at relieving pressure on the property market and tipping the balance away from speculators and back towards first-home buyers and long-term...
Getting a mortgage when self-employed is not easy as sometimes it's hard to prove income. We've helped many self-employed people in NZ with their home loan applications. So, we'd like to share mortgage tips for self-employed.
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