Second Kiwi engineer reaches for stars

Second Kiwi engineer reaches for stars

A second Kiwi engineer is working on the world’s tallest new tower and the first kilometre-high building. Hamilton-born Damien Fletcher is working with Greg Sang, the Aucklander who last month said he had moved from a key role on the world’s current tallest building, Dubai’s Burj Khalifa, to Hong Kong and now to Saudi Arabia’s ..

More details on the coming capital gains tax on property

More details on the coming capital gains tax on property

A couple of weeks ago, tax officials released an issues paper following up on the “bright-line” test that was announced in the Government Budget in May.  The paper provides greater detail about how the new rules are intended to work.  They will apply to property acquired and sold from 1 October 2015. The new rules ..

House Hunting?

House Hunting?

Wow I used to think, buying a home would be easy, fun and exciting… But if I am absolutely honest with you all its not easy, its far from fun and after looking at quite a few houses it becomes not so exciting. In saying that once you actually do find and buy your first ..

Tips from Tash: First home help

Tips from Tash: First home help

Buying your first home is no easy task these days. The booming residential property market has seen house prices rising steadily, and Reserve Bank restrictions on loan-to-value ratios mean banks are able to lend to fewer buyers if they have a deposit of less than 20%. It’s tough out there, and as a result, we’re ..

Its Now Easier to Get a Home Loan

Its Now Easier to Get a Home Loan

Welcome Home Loan Changes!!! Changes made to KiwiSaver First Home Withdrawal and Housing NZ Subsidy As at the 1st April 2015 there has been a few significant changes to the Kiwisaver First Home Withdrawal and the Welcome Home Loan scheme which means you may now be eligible to get a mortgage. Here is a brief overview of what ..

Surge in KiwiSaver withdrawals for first home-buyers

Surge in KiwiSaver withdrawals for first home-buyers

Banks say many more first-home buyers have passed threshold to use scheme to get them into a property.   Mortgage lenders have noticed an upswing in the number of people withdrawing money from KiwiSaver for a first home. John Body, ANZ Wealth managing director, said 1248 of the bank’s customers used money from the national ..

Mortgage Adviser – What we do and how we can help YOU

Mortgage Adviser – What we do and how we can help YOU

There is a lot of misconception about what a Mortgage Adviser (also known as a Mortgage Broker) does. So we thought we would clear up any confusion, here are a few fast facts about Mortgage Advisers/Brokers: -          WE HELP YOU OBTAIN A MORTGAGE/LOAN we sit down with you and discuss your situation, how much you ..

Lets Spring Into Action . . . .

Lets Spring Into Action . . . .

Is your home your most valuable asset?      Is your home under insured? Up until last year it’s been normal to insure your home on the basis of total replacement cover. You would provide information to your insurance company about the size of your home and, if it was destroyed, then your insurer would arrange to ..

Westpac are Winning!!

Westpac and Kiwibank won the market share war in the mortgage market during the March quarter, both boosting their shares slightly. Westpac has just about 20 percent of the market, while Kiwibank has just over 7 percent. The other three major banks all lost a small amount of market share during the three months. All ..

Changes in the wind

Changes in the wind

It seems the banks are becoming more willing to consider loan applications for those without a 20 percent deposit…. Since the end of March one of the banks has increased their appetite to write business over the 80 percent LVR restriction. While it’s been made very clear that they aren’t able to approve everything and ..