Keep up to date with our finance blog that is specifically discussing new build finance and related building and finance topics
The Government and Reserve Bank love to blame property investors on the housing crisis and so have implemented higher deposit requirements; however they also know there is a real need for more housing so new builds are not covered by the same rules. When the Government relaxed the LVR rules in 2020 they had not
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If you’re thinking about turning your house into a smart home but you don’t know what to start with first, the best smart light bulbs make the transition. All you have to do is replace your conventional bulbs with smart bulbs and then use your tablet, smartphone, or a smart light switch to operate them.
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When the Reserve Bank announced that the pending changes to the LVR rules for investors the banks all hastily started re-implementing the LVR criteria restricting investors to a minimum 30% deposit. On the 11th November the Reserve Bank stated that in December, they will consult about re-instating loan-to-value ratio (LVR) restrictions on high-risk lending with
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The real estate market is booming at the moment and that has seen an increase in the number of first home buyers that are choosing new builds. Of course a lot of Kiwis do dream of a brand new home, but often first home buyers are told to start with a run down place. Yes,
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As the property market booms people are starting to flock to new build homes. With a new build you can select something that suits your stage in life, is within your price range and it’s going to be new with minimal maintenance. New homes are also generally more efficient to heat and cool which means
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This week we have seen The Reserve Bank slash the official cash rate (OCR) to ensure the New Zealand public have lower home loan rates and therefore more money in their pockets to spend. Well that’s what they want to happen anyway! But how will Kiwis react? The rates have only just dropped and the
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When people think of building loans they often think that all the banks offer the same. Of course they all do have building loans available, but they are not all the same. Westpac Make Improvements To Building Loans As mortgage brokers that specialise in building loans we are always reviewing the banks loans and making
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When you are looking at buying a house and land package you may be offered either a turn-key or a progress payment agreement. Most people like the idea of a turn-key option as it seems more simple. You just pay a deposit to secure the purchase, with the balance being payable upon completion when you
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Some people are saying that the property market is “flat” or even “hard” in 2019. It may be a little bit harder to sell a house, but good houses in good areas will still sell well if the marketing gets the buyers to view them. Hobsonville Point Award Winning Executive Home We decided to sell our
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In the weekend I was contacted by a couple that are looking to buy a house and land package and wanted one of the residential construction loans where interest payments are not required durring the build. They contacted me after trying the banks as they had heard that I was an expert with new build
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