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New Zealand; a land of opportunity but not without risk.

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No matter what background we have or what country we or our forebears come from, there is no doubt New Zealand offers opportunities to those prepared to work for them. This pioneering spirit in a modern world has become more often referred to as our entrepreneurial spirit…where grit and determination meets execution! We can spend time working for ‘the man', building our know-how and experience or we are already experienced business people from other places, and one day we think, ‘I could do this myself. Take my dream, start a business, (or start again), employ some help. I don't want an empire, I just want to work for myself and get a lifestyle out of it for me and my family.'

This attitude is so common that small to medium sized enterprises (SMEs) in New Zealand employing five or fewer people now number over 430,000, employing more than 560,000 people representing immeasurable worth to the national economy (GDP). But there's a threat lurking beneath these impressive statistics: research tells us that New Zealanders are underinsured compared with other countries, with only about a third of the investment other OECD nations put into protecting the livelihoods of the people producing this GDP. At GFS there is too often evidence that business owners, many of whom are the key person in the business, frequently lack some or all of the cover they need.

This is in part because many see insurance as expenditure rather than protecting their dream. One role of GFS is to show people than insurance is not a cost, but on the contrary a vital element of financial wellbeing. A second role is to provide products and services that facilitate that wellbeing.


The diagram shows all the parties at risk in ‘The Circle of Life'. The business is underpinned by its key people, who are subject to general life risks - accident or illness that could leave them temporarily or permanently unable to contribute to the business.

That financial impact flows on to the owner/s of the business (often also a key person), who is responsible for the debt, both visible and invisible. Some owners think they don't need business or key person cover because they don't see any outstanding debt - they wholly own the business and the business assets such as vehicles and so on.

However, that's just the visible debt. The cost of exiting is invisible - if you suddenly had to close the business, what would it cost you to pay all current utility bills, rates, holiday pay and other entitlements? What about your lease commitments too? Too often these issues can be overlooked.

Then there are the families; the people supported by the business. What does the owner's lifestyle cost? What about their staff's lifestyles? Who and what is dependent on the business, and what happens if that revenue stream drops or stops? But of course, ‘the circle of life' only completes because the business also is dependent on the very people needed to drive revenue.


The advice GFS offer their clients looks to deal with this value chain. Certainly, it is the responsibility of business owners and key people to seek advice to get the cover they need. But GFS bear equal responsibility, in that they must help to simplify this process and support their clients transfer of any financial liability they are uncomfortable with should a life risk event strike. Getting the insurance you need should not be complicated or expensive relative to the risks you face – Talk to GFS today about how they can help you.

Call 09 2555500 email insurance@globalfinance.co.nz

 

Social Media Survey Question Competition Terms and Conditions


What do you value most from your mortgage and insurance advisor?

 

  1. The promoter is: Global Financial Services Ltd whose registered office is at 19/203 Kirkbride Road, Airport Oaks, Auckland.
  2. The competition is open to residents of New Zealand aged 18 years or over except employees of GFS Ltd and their close relatives and anyone otherwise connected with the organisation or judging of the competition.
  3. There is no entry fee and no purchase necessary to enter this competition.
  4. By entering this competition, an entrant is indicating his/her agreement to be bound by these terms and conditions.
  5. Route to entry for the competition and details of how to enter is via Facebook www.facebook.com/GFSNZ
  6. Only one entry will be accepted per person. Multiple entries from the same person will be disqualified.
  7. Closing date for entry will be Friday, 5 May 2017 on 23:59.  After this date no further entries to the competition will be permitted.
  8. No responsibility can be accepted for entries not received for whatever reason.
  9. The rules of the competition and how to enter are as follows:
     
  1. Be sure to Like and Follow our Facebook Page www.facebook.com/GFSNZ
  2. The same consumer must answer our survey question by choosing at least one (1) option supplied.
  3. There is no right or wrong answers for this competition.
  1. The promoter reserves the right to cancel or amend the competition and these terms and conditions without notice in the event of any actual or anticipated breach of any applicable law or regulation or any other event outside of the promoter’s control. Any changes to the competition will be notified to entrants as soon as possible by the promoter.
  2. The prize is as follows:
    A Countdown Shopping Voucher to the value of NZ$ 50.
  3. The prize is as stated and no cash or other alternatives will be offered.  The prize is not transferable. The Prize is subject to availability and we reserve the right to substitute any prize with another of equivalent value without giving notice.
  4. The winner will be chosen by a lucky draw, from all entries received and verified by Promoter.
  5. The winner will be notified through their Facebook messages within 10 working days of the closing date. If the winner cannot be contacted or do not claim the prize within 14 days of notification, we reserve the right to withdraw the prize from the winner and pick a replacement winner.
  6. The promoter will notify the winner when and where the prize can be collected / is delivered.
  7. The promoter’s decision in respect of all matters to do with the competition will be final and no correspondence will be entered into.
  8. By entering this competition, an entrant is indicating his/her agreement to be bound by these terms and conditions.
  9. The competition and these terms and conditions will be governed by law.
  10. The winner agrees to the use of his/her name and image in any publicity material, as well as their entry. Any personal data relating to the winner or any other entrants will be used solely in accordance with current NZ data protection legislation and will not be disclosed to a third party without the entrant’s prior consent.
  11. The winner’s name will be available 10 working days after closing date by emailing the following address: info@globalfinance.co.nz
  12. Entry into the competition will be deemed as acceptance of these terms and conditions.
  13. This promotion is in no way sponsored, endorsed or administered by, or associated with, Facebook, Twitter or any other Social Network. You are providing your information to GFS Ltd and not to any other party.

 

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Facebook Question Competition Terms and Conditions

Written by Marie Dickinson on July 14th, 2017.      1 comments

Tell us what radio station you listen to and what time?

 

  1. The promoter is: Global Financial Services Ltd whose registered office is at 19-22/203 Kirkbride Road, Airport Oaks, Auckland.
  2. The competition is open to residents of New Zealand aged 18 years or over except employees of GFS Ltd and their close relatives and anyone otherwise connected with the organisation or judging of the competition.
  3. There is no entry fee and no purchase necessary to enter this competition.
  4. By entering this competition, an entrant is indicating his/her agreement to be bound by these terms and conditions.
  5. Route to entry for the competition and details of how to enter is via Facebook www.facebook.com/GFSNZ
 

Survey Monkey Communication Survey Terms and Conditions

Written by Marie Dickinson on July 14th, 2017.      0 comments

  1. The promoter is: Global Financial Services Ltd whose registered office is at 19-22/203 Kirkbride Road, Airport Oaks, Auckland.
  2. The survey is open to residents of New Zealand aged 18 years or over except employees of GFS Ltd and their close relatives and anyone otherwise connected with the organisation or judging of the survey entries.
  3. There is no entry fee and no purchase necessary to enter this survey.
  4. By entering this survey, an entrant is indicating his/her agreement to be bound by these terms and conditions.
  5. Route to entry for the survey and details of how to enter is via Survey Monkey
 

Global Finance Newsletter Quarter 1

Written by on July 10th, 2017.      0 comments

 

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Tactical Approach to Outsmart Housing Crisis and Prices!

Auckland property market is in imbalance.  Although this imbalance is not huge, it is still there, but I strongly disagree that there is a crisis.  We see a shortage in the housing market, yes, but it cannot be termed as a crisis.  Houses are available to either rent or to buy.
Whenever demand exceeds supply, prices are bound to go up.  The housing market is no exception but the good thing about it is that due to lower interest rates prevailing, mortgage payments are still affordable to most of the home owners.
The main reason for making home ownership unreachable is the lending criteria set by banks. There was a time when you could buy a house with a 5% deposit, whereas now, generally, it is
10-20%. With proper planning, you can afford to buy your first home sooner than you think.  So, start planning now! 
GFS is ready to help you, not only in buying your home, but also to make you mortgage free sooner by reducing your interest cost.
GFS won many industry awards for its innovative Interest Saver Plan.

 

New Zealand; a land of opportunity but not without risk.

Written by on June 19th, 2017.      0 comments

 
01
 
No matter what background we have or what country we or our forebears come from, there is no doubt New Zealand offers opportunities to those prepared to work for them. This pioneering spirit in a modern world has become more often referred to as our entrepreneurial spirit…where grit and determination meets execution! We can spend time working for ‘the man', building our know-how and experience or we are already experienced business people from other places, and one day we think, ‘I could do this myself. Take my dream, start a business, (or start again), employ some help. I don't want an empire, I just want to work for myself and get a lifestyle out of it for me and my family.'
This attitude is so common that small to medium sized enterprises (SMEs) in New Zealand employing five or fewer people now number over 430,000, employing more than 560,000 people representing immeasurable worth to the national economy (GDP). But there's a threat lurking beneath these impressive statistics:
 
 

18th Anniversary - Social media review T's & C's

Written by Hriday Shah on March 7th, 2017.      0 comments

To celebrate our 18th Birthday, we thought it would be great to hear what our wonderful and beloved clients have to say about us.

What we would love for you to do is go to our social media platforms, and rate and write us a review about how your experience has been with GFS, be it for the last month or over the course of many years.

We will randomly select 2 lucky reviewers and each will get a $50 voucher. Remember, if you review on both our social media platforms then you get two entries into our draw.

Terms and Conditions:
1) Reviews to be made on our social media pages on Facebook and Google+
2) Just rating us isn't enough, you also need to write a few words as a full review.
3) The choosing and the announcement of the winners is at the sole discretion of Global Financial Services Limited.
4) This competition will run until 11.59pm on the 19th of March 2017.
5) The winners will be announced on both our Facebook and Google+ pages and the winners will also be contacted through the contact details that we have at hand for them, by close of business on the 22nd of March 2017.
6) For any clarification of rules and queries, please contact us on 09 255 5500 or on info@globalfinance.co.nz

 

18th GFS Anniversary Facebook Competition T's & C's

Written by Hriday Shah on February 23rd, 2017.      2 comments

See the full terms and conditions for the facebook competition started on 23rd February 2017 and will run until 11.59pm on 5th March 2017.
 

Worried about rising interest rates?

Written by Saurabh Gupta on January 6th, 2017.      0 comments

Rise in New Zealand mortgage interest rates imageOff late media is abuzz with the news that interest rates will increase in the coming period.

The US Federal Reserve,  raised its benchmark interest rate by 0.25% in December 2016 – and has signaled more increases in 2017.

It made it costlier for NZ banks to borrow for the longer term from offshore funds. Hence, experts are expecting home loan interest rates in NZ to rise as well. Leading NZ banks raised the 2 year fixed rate by approximately 0.20% in the last two months.
 

Ajay Kumar wins Mortgage Adviser of the Year 2016 award from PAA

Written by Saurabh Gupta on August 2nd, 2016.      0 comments

Ajay Kumar wins Top Mortgage Adviser Award from PAAAjay Kumar, Founder and Managing Director of Global Financial Services ltd, won the prestigious Mortgage Adviser of the Year 2016 award from Professional Advisers Association at their annual National Advisers Conference in Auckland on 28th July 2016.

It is one of the most prestigious industry awards by a leading industry association of mortgage and insurance advisers.

The award is based on quality of advice, contribution to industry, innovation and benefit to customers rather than volume of business. 
 

Take charge of your mortgage (and save interest on it)

Written by David Chaston on June 24th, 2016.      0 comments

Save Interest on Your MortgageSometimes the best home loan choice is not what you might expect. You may seek out a good broker because you want the ‘best interest rate’ on your loan. But surprisingly, the ‘best’ may not be the ‘lowest’.

The key is to shift your focus; it is not the interest rate you pay that you may want to concentrate on, but the rate (speed) you pay your loan off.

The faster you pay your mortgage down, the lower the interest you will pay.

What you need is a plan customised to your needs and financial situation and the follow up support to stay on the plan. Global Financial Services Ltd (GFS) are providing such consulting services over the last 17 years and are capable of providing you a tailor made written plan as well. 

As a result, you could pay off your loan years earlier saving tens of thousands in unnecessary interest. 
 

Global Finance appoints Mike Skilling to its Advisory Board

Written by Saurabh Gupta on May 12th, 2016.      0 comments

Mike Skilling joins top Auckland mortgage broker Global Financial Services Managing Director, Ajay Kumar, announced the appointment of Mike Skilling to the GFS board today.

Mr Skilling is a well-regarded professional director currently serving on several company boards in New Zealand including SBS Bank. He has held a number of executive roles at the BNZ including the General Manager of Business and Rural Banking. He has also held the role of General Manager Customer Service at PGC Wrightson one of NZ’s leading providers to the agricultural sector.
 
 

Make every dollar count. Make your nest egg debt free faster!

Written by David Chaston on April 21st, 2016.      0 comments

Make your nest egg debt-free faster-658-934David Chaston, publisher of interest.co.nz, writes for Global Finance (GFS) on how people can save interest on their mortgages or home loans. 

On a standard 30 year mortgage, the interest cost can be more than the initial loan amount (principal) itself. Global Finance has been helping its customers save on this interest cost for more than 17 years.

In an effort to save interest, many of our customers end up paying their mortgage faster as well.

Read this first in a series of articles for some helpful and practical tips.
 

NZ’s #1 mortgage broker turns 17!

Written by Saurabh Gupta on March 9th, 2016.      0 comments

Global Financial Services (GFS) was founded on 5th March 1999. It is with the support of our customers, the Indian media and the community that this has been a journey of saving millions of dollars in interest on mortgage for customers.

Thanks everyone for your support for the last 17 years. On 5th March we've turned 17 and also completed $825 million in mortgages in the last 12 months itself - probably the highest for any mortgage broker in 1 year.

Thanks Humm FM 106.2, Radio Tarana, Indian Weekender, NZ Tasveer, Kuk Punjabi for joining us for the cake cutting  with the GFS team at our office today.
 

Council votes against Unitary Plan! Will SHAs come to the rescue?

Written by Saurabh Gupta on February 26th, 2016.      0 comments

Auckland Mortgage Broker on Auckland Unitary Plan changesThis week Auckland Council voted to reject the Unitary Plan's housing density proposals known as the “out of scope” changes. They largely refer to zoning changes which would have allowed terraced or multi-tier housing. A Government appointed independent hearings panel will now determine what the zoning will look like and give recommendations to the Council in July.

The good news is that in another development, 14 new Special Housing Areas (SHA) were announced on 11th February. They will provide more than 4500 new homes across Auckland. The total number of SHAs in Auckland is now 120, with more than 52,000 new homes.

First home buyers may want to be prepared as these new homes come into the market and save for their deposit. While those looking for investment properties may want to tread carefully and build up equity for the right opportunity. Over the last 3-4 months we have seen that First Home Buyers have come back in the market to buy their property.
 

Are property investors buying in the Regions?

Written by Saurabh Gupta on February 26th, 2016.      0 comments

Auckland Mortgage Broker Global Finance on buying investment propertyThe Regions are seeing higher growth in residential property sales and median prices compared Auckland as per the latest data from REINZ and news reports.

House sales volumes in Auckland dipped 13.5% in Jan 2016 compared to last year, according to REINZ data. In contrast, other cities in North Island saw a rise in sales volumes. Rotorua grew the most with a 113.7% rise in sales.

Similarly, median house price in Waikato / Bay of Plenty region was up by 12.9% in Jan 2016 - higher than the 9.1% increase in Auckland.

Since LVR changes in October 2015, we have also seen increasing number of queries from our existing and new customers looking to purchase property outside Auckland.
 

Buying a first home in Auckland!

Written by Saurabh Gupta on January 29th, 2016.      0 comments

Mortgage for buying a first home in Auckland-461With house prices on fire, the deposit is getting increasingly out of reach for first home buyers, especially in Auckland.

The good news is that the housing supply is increasing and so are new building consents. In Auckland, building consents for new apartments grew by 68% and for townhouses (incl. flats, units, etc.) grew by 43% for year ended December 2015 compared to 2014.

There may be a number of questions on your mind related to how much deposit you need and how much mortgage you can get.

You may want to contact us to know your options rather than doing all the math yourself. Get your free consultation today!

Read on to know more.
 

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