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Author: Stuart

  • New Build Houses Make Better Rental Investments

    New Build Houses Make Better Rental Investments

    One of the decisions you’ll need to make as a property investor is whether to invest in new build houses or existing properties. Of course there will be a lot of people with their own opinions, but in today’s finance environment we think that new build houses may make better rental investments. Let us explain…

  • Getting Finance For Your New Axis Home At Hobsonville Point

    Getting Finance For Your New Axis Home At Hobsonville Point

    As specialist new build mortgage brokers based in Hobsonville we get asked a lot about financing new builds including the new Axis homes for first home buyers. There has been a lot of frustration about getting finance for Axis homes and particularly due to the timeframe of the build and some of the clauses within…

  • LVR Restictions Allow New Build Exemption For Completed Homes

    LVR Restictions Allow New Build Exemption For Completed Homes

    Restrictions on loan-to-value ratios (LVRs) are explained on The Reserve Bank website as temporary limits on banks to reduce the amount of low-deposit mortgage lending but to encourage the building of new houses they have also had some exemptions, now including a new build exemption for new houses that are being construction or are being…

  • Less New Homes Being Built In Auckland

    Less New Homes Being Built In Auckland

    Latest updates just released by Statistics NZ show that there were 2550 new dwellings consented throughout the country in September, being; 1,892 houses 393 townhouses, flats, and units 206 apartments 59 retirement village units This level of consents is well down from the 2834 consented in August, 2811 consented in July and 2752 consented in June so there is…

  • Specialist New Build Mortgage Brokers In North West Auckland

    Specialist New Build Mortgage Brokers In North West Auckland

    North West Auckland is one of the fastest growing areas in New Zealand and so is an ideal place for a specialist new build mortgage broker to be based. Of course there is the new Westgate township and the NorthWest shopping centre, but there is also a huge amount of other areas being developed from…

  • Banks Offer Low Deposit Home Loans For New Builds

    Banks Offer Low Deposit Home Loans For New Builds

    There have been lots of comments about the lack of low deposit home loans on the online forums like on the Facebook group Kiwi First Home Buyers and others. Why? Because people believe that low deposit home loans are a thing of the past. In some ways they are right, but in other ways this…

  • Make Your Kitchen A Design Statement

    Make Your Kitchen A Design Statement

    They say your kitchen is the heart of the house and for most Kiwis it is either the kitchen of the BBQ where the people gather when you entertain. We recently built our own new home in Hobsonville Point. It was built by Jalcon Homes and was completed at the end of 2015 and was entered…

  • ANZ Change New Build Rules Again

    ANZ Change New Build Rules Again

    In June ANZ made some changes to the way they assess new build finance for investment properties which made it very difficult for any ANZ customers to get finance approved. As a leading Auckland mortgage broker I questioned the banks stance, but like many brokers we had other bank alternatives and so ANZ missed out…

  • Buying Apartments Off The Plans Is Popular Again

    Buying Apartments Off The Plans Is Popular Again

    It has become popular again for people buying apartments off the plans both for homes and as investments. With house prices increasing in Auckland higher density living is becoming a reality and a necessity, so apartments are being built in the CBD and now in the suburbs too. Apartments have been popular in cities around the world,…

  • Sticking To A Budget When Building

    Sticking To A Budget When Building

    It is always a problem sticking to a budget when building, but if you are borrowing money or have a limited budget then it is extremely important to control your spending. A Little More Here … It is tempting to spend just a little more here, to upgrade this and that. Of course if you…