Prosperity Finance

ANZ now requires 40% deposit for residential property investment loan

15 Dec 2020 | Connie | Property Investing

ANZ has made a decision to decrease the LVR on Residential Investor Lending from 70% to 60%, effective today.

Turning your home into a rental property? Get the structure right

11 Dec 2020 | Connie | Property Investing

There’s a lot to consider when purchasing a second home and keeping your first home as an investment property. If you’re converting your first home to a rental property, what’s the best structure for rental property in New Ze...

NZ Interest rates forecast for 2021 – Will interest rates stay low or back up?

03 Dec 2020 | Connie | Interest Rates

Will interest rates stay low in 2021? The property market is a bit over-heated now and how likely are interest rates to go up in 2021? It’s around the time of the year that we take an educated guess/forecast at what will happ...

How do New Zealand banks determine the value of your house for a mortgage?

26 Nov 2020 | Connie | Finance 101

How much is my house worth in New Zealand? A property valuation – an assessment of a property’s market worth – can help you understand the market value of your property. What do banks use to determine the value of your house...

Loan to value ratio (LVR) restrictions for investment property return to 70%

20 Nov 2020 | Connie | Property Investing

Two New Zealand banks, ANZ and ASB, bring in their LVR restrictions for investment property loan, ahead of Reserve Bank LVR rules - the loan to value ratio for investment property comes back from 80% to 70%.

Using equity to buy an investment property: what might delay your loan pre-approval?

13 Nov 2020 | Connie | Property Investing

How can you buy a house with no deposit in New Zealand? Using equity to buy another house may allow you no cash deposit when applying for mortgage. Many property investors buy a second home by using existing property as equit...

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