The clock has struck 12, and new lending restrictions are here, hitting first home buyers really hard, especially this past week. With the over 80% lending restrictions now well intrenched, we have seen a number of banks pull out of the space altogether. This week we have se...
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The Week That Was - Week ending Friday 8th OctoberThis past fortnight we have had some interesting developments, with the first OCR increase in 7 years taking the headline. Although widely expected, it does show the shift in perceptions with interest rates, and how the Reser...
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To follow on from our last post regarding the different ways to buy a home when you’ve got one to sell, we’re now going to take a look at making offers ‘Conditional of Sale’. This is the way most people go about buying a new home when they’ve got one to sell, and w...
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Welcome to Level 3 Auckland! This week has been a quieter week on the news front, as we see a lot of main banks finalise their policies on the upcoming changes to CCCFA. However we have had some pretty significant (unfortunate) news from the RBNZ this week, which is they hav...
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So the past week hasn’t really been the bearer of good news unfortunately, with a number of changes that have been brewing for quite some time starting to be introduced. However, we are now in Spring, and we’re (sorry Auckland) out of Level 4, and starting to be able to ...
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With listings across the country at all-time lows, and the vast majority of properties selling being Auction campaigns, buying a new home can be pretty tricky when you’re also needing to sell your existing home as part of the process. The current listing stock is a bit of ...
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The process of buying a home can be one of the most exciting (& stressful) times of adulthood, however it does come with some costs.  So let’s break these costs down & take a look at some of the most common costs you may incur from house hunting to settlement date ·&...
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In this 101, we're going to be looking at Non-Bank Lending & credit Impairment, and the options available in this space for homeownership to those who may have experienced issues in the past. Non-Bank lending is becoming such a vital space in the New Zealand lending landscap...
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A 10% deposit is generally the goal for most first home buyers, & is generally the starting point for most banks outside of the First Home Loan. So if we can tick this box, it’s a great start to the journey of buying your first home. However, there are limitations. So firs...
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One of the main barriers for Kiwi’s looking to buy their first home, is coming up with the deposit. The Reserve Bank has restrictions in place on banks that means they are restricted in how much they can lend to those without a 20% deposit, so what does it mean for you at ...
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