New Zealand banks have tightened up their home loan lending criteria considering the Covid-19 pandemic. If you are looking to buy a property in New Zealand, how can you improve your chances of getting approved for a mortgage?...
Jessica, one of our clients, asked us: “I’m currently on parental leave and my husband and I wish to purchase a property in New Zealand. My bank has told me that we won’t be able to borrow the amount we wish to until I return...
buying off-the-plans is not without risks. Joy from Turner Hopkins discussed the risks of buying off-the-plan that you should address before signing on the dotted lines.
How much mortgage can I afford to borrow based on my income? How do New Zealand banks work out serviceability? We explain mortgage affordability as a rule of thumb, and how the reduced serviceability test rate impact your b...
When you have decided to upgrade your family home, you may want to keep your current home and repurpose it as a rental property rather than selling it. So, what should you consider before making the move?
A mortgagee sale is often a chance to grab some bargain but purchasing at mortgagee auction is not without its risk. We will cover what a mortgagee sale is, what the potential risks are, and if you can borrow to buy a mortgag...
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