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Self-employed and ready to buy your first home?

Self-employed and ready to buy your first home?

Here’s how the banks will assess your income It’s not surprising New Zealand is often referred to as a nation of small businesses. We’re an entrepreneurial bunch, with a reported 400,000+ self-employed small businesses in New Zealand. Leaping into self-employment can...

Low Deposit Loans for First Home Buyers

Low Deposit Loans for First Home Buyers

For the last decade, first-home buyers have worked under the assumption that they need a 20% deposit to get a mortgage. In a market where the average house price is over $500,000, this meant first-home buyers had to save for years to have a hope of getting into a...

How first-home buyers can maximise their borrowing

How first-home buyers can maximise their borrowing

Ways to become more financially attractive to lenders Buying your first home is meant to be an exciting process, but it can also be daunting – and sometimes downright scary. If you’re in the market to purchase property, you likely need to borrow money to buy it. A...

How tax changes will affect the self-employed

How tax changes will affect the self-employed

COVID-19 has caused disruption for almost everyone in some way – to put it mildly. For many self-employed people, that disruption will go on for a long time yet. During lockdown, income or contracts may have been lost, you may have applied for the wage subsidy or...

How to keep cash flowing post-COVID

How to keep cash flowing post-COVID

Top-up loans and other ways to survive the financial fallout The coronavirus crisis has affected every part of our lives – health, social interaction and personal freedom, travel and recreation, jobs and finances. Although New Zealand may now be on top of the health...

Your guide to non-conforming mortgages

Your guide to non-conforming mortgages

There are options even if you don’t fit the bank’s criteria If you’re a borrower with a full-time job, a substantial deposit, NZ residency, and a good credit rating, finding a home loan is pretty straightforward. You might need to talk to a mortgage broker or shop...

Low deposit? You could still get a home loan

Low deposit? You could still get a home loan

Why things are looking up for first home buyers First home buyers in New Zealand have had it tough for a while. Prices have been on the rise for years, and since 2013, LVR rules have meant that most buyers need a deposit of at least 10%. When the average house price...

House & land package loan – Is it right for you?

House & land package loan – Is it right for you?

Whether you are looking to get on the property ladder or purchase an additional investment property, a house and land package may be the way to go. Whether you are looking to purchase in Auckland, Hamilton, Tauranga, Wellington, or further down the line financing in...

Need a boost? A small business loan could help

Need a boost? A small business loan could help

What you need to know about post-COVID cashflow loans COVID-19 has hit business hard. During the lockdown, many businesses made little or no income, and even under the looser rules of level two, business owners are dealing with restrictions on customer numbers, the...

Post COVID-19 property investment

Post COVID-19 property investment

Will property investment pay off during a downturn? For years, investing in property has been a nearly fool-proof way to make money in New Zealand, thanks to rising prices, high rents, and high demand for property. As the country begins its COVID-19 recovery, that...

A good time to upgrade or fix investment properties

A good time to upgrade or fix investment properties

With interest rates at record lows, a lot of property investors are waking to find that their investment properties are now becoming positively geared i.e. the rental income now outweighs the home loan interest repayments on the property, rates, home insurance and...

The best loan to build your dream home

The best loan to build your dream home

How a construction loan makes building easier Can’t find your dream home anywhere? Why not build it? With a construction loan, buying a section and building a brand-new home could be simpler than you think. Building a home can be complicated – you have to deal with...

Is Health Insurance Worth The Cost?

Is Health Insurance Worth The Cost?

Protecting your future self In New Zealand, if you break your leg, have a baby or need life-saving surgery, you get the care you need without a huge bill at the end. We’re lucky – our healthcare system offers high-quality care and treatment to residents for free, or...

How low can mortgage interest rates go?

How low can mortgage interest rates go?

How COVID-19 could impact on home loan rates Will the interest rate on your home loan be affected by COVID-19? As lockdown restrictions loosen and the initial shock of living through a pandemic recedes, people are starting to look at the ongoing economic effects of...

How COVID-19 will affect the housing market

How COVID-19 will affect the housing market

Prices, demand, and lending restrictions For the last few weeks, coronavirus has kept us stuck in our homes. For many people, this forced stay-cation will lead to a re-evaluation of their living situation. If you live with family or flatmates, you might be freshly...

Home Loans For The Self-Employed

Home Loans For The Self-Employed

How to get a mortgage when you can’t prove your income For most people, getting a home loan means doing a budget, filling in forms, and printing out some payslips. The only hard part is finding a home that you like – and can actually afford. But if you’re running a...

When and why to review your life insurance

When and why to review your life insurance

Life changes, insurance should too When and why to review your life insurance Because life insurance is a safety net for your family and finances, it needs to match your family and financial circumstances to be effective. The amount of cover you need changes over...

Build New or Buy Old Home – The Pros and Cons

Build New or Buy Old Home – The Pros and Cons

New build or existing home? Practicality, personality, price, and other considerations Some people love the idea of a brand-new home – shiny new fixtures that you choose yourself, the layout and space you’ve always wanted, no worries about leaks or ancient pipes...