Mortgage Brokers Auckland

Recently there have headlines galore in financial news, with the effects of the recent LVR limits beginning to take hold, and both banks and mortgagees changing their financial habits as a result. Furthermore as the policies’ teething issues are beginning, how far they should encompass is remaining in the spotlight. 1. Westpac Reneges on Pre-Okayed […]

Currently the mortgage market is in a state of major flux. But amid all the chaos and conflicting reports, is now a good time to be in the mortgage market? Well, yes and no…. It all depends on your financial situation. First off, how big is your deposit? Is it less than 20 percent of […]

Since the implementation of the RBNZ’s loan to value ratio (LVR) policies on October 1st there has been some significant positive and negative effects on the housing market- many of which have only just begun to appear. These include: Housing Market in Provincial Areas Stalling The Bad: Real estate agents, mortgage brokers and investors alike […]

Auckland CityIt’s no secret that Auckland’s house prices are at record highs – with recent REINZ figures estimating the median sale price for October being a whopping $582,000 – 25% higher than two years ago compared to a national increase of just 13.3%. As such, when you decide to enter the mortgage market in Auckland, […]

In recent months, Graeme Wheeler (Governor of the Reserve Bank) has been stuck between a rock and a hard place. By implementing the LVR limits he has alienated a significant proportion of New Zealanders, however the alternative- to raise the official cash rate (OCR) would be an even worse outcome. There has been a lot […]

Owning a three bedroom house with a quarter acre section is one of the goals many New Zealanders aspire to. Yet it is becoming not only more expensive, but also a lot harder to own your own home in many parts of the country. Is renting a home for life the way forward for most […]

In the wake of the recent implementation of LVR (loan to value ratio) policies, the Reserve Bank has come under a lot of pressure- most of it from financial commentators, or new homeowners affected by the policies. This was fairly expected, however what has been surprising is the (relative) lack of public discourse and protest. […]

For the second year running the official cash rate has remained steady, having remained at 2.5% since March 2011. Looking Forward: Recent estimates by the reserve bank indicate that the OCR may rise to 4.75% (a whopping 2.25 percentage point increase) over the span of the next 2 years. As such, expect the official cash […]

Things are looking up for home seeking Kiwi’s with small deposits! There are currently strong signs of change in the banking sector as banks settle in to operation under LVR (loan to value ratio) restrictions. In recent months, banks have stalled the sale of high LVR lending. Why this is the case is uncertain, although […]

Are you looking into buying property in Auckland? Worried about mortgage rates? Recent news has shown us that RBNZ could potentially relax LVR rules concerning banks such as Westpac. Loan-to-value restrictions on mortgage lending have probably had a bigger and more profound impact on the market than the Reserve Bank had expected in the first […]