Keep up to date with our finance blog that is specifically discussing new build finance and related building and finance topics
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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As new build finance specialists we are always looking for the best finance packages from the various banks. In particular for financing of builds on a progress payment basis where you purchase the land and progressively pay for the build as per the schedule within the fixed price build contract. For 2019 we are pleased
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How would you like to open the door to your new home? Kiwis love to own their own homes whether it be a brand new home or an existing home that is a new home to you and your family. Most of us will start with our first home which might not be exactly what
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Good news for first home buyers… an early Christmas present. The house price caps for the HomeStart Grant have today been increased making it easier for eligible New Zealanders to buy a new build whether that be a KiwiBuild home or any other new build. The HomeStart Grant is for up to $20,000 for a
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We recently wrote about the increase in new build lending announced by ANZ Bank and commented that while we do use them to finance new builds we consider them to be just one option and like any bank or non-bank lender they need to earn your business. It was therefore pleasing to see the bank
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According to new figures from ANZ Bank today they have increased their new build lending by 9% in the year to September 2018. This is the most new build lending done by the bank in the last 4-years. Antonia Watson (ANZ managing director for retail and business banking) has said this is being driven by
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