When you build a house it can be a turn‐key solution where you pay a deposit and rest on completion, or it can be a construction loan.
A turn‐key solution is just like any other mortgage so you can put down a 10% deposit and borrow up to 90% with most lenders. The property can settle
Relationship splits is a surprisingly large part of what we do. When you and your partner split up either the property needs to be sold or one of you needs to buy the other out. There may be other debts that also need to be discussed.
It is not necessarily straight forward. When it comes to
If you are starting a family or have a young family then the mortgage is quite probably your biggest financial challenge, especially if you are reduced to one income. The reality is that starting a family is financially challenging. The good news is that mortgage products have become fairly flexible provided you plan around them
It has become a lot harder to get a mortgage, unless you have a big deposit or equity in another property. If the bank says no, then a second mortgage can be a cost effective and flexible back up option.
A Second Mortgage is exactly that. For higher risk lending we sometimes use a
It is a Buyer’s Market. What does that mean when it comes to negotiating the purchase price? How do you make sure you get a great deal?
We have written a PDF on this topic which you can download here:
Negotiating the Price
Price is property and vendor dependent. On one hand less desirable properties
most recent posts
-
Musings | Bank Economist versus Pikelet the Pig
July 31st 2010 -
NZ | Buying Property in New Zealand
July 25th 2010 -
Mortgage Rates | Forecast after July OCR
July 17th 2010 -
First Home | Kiwi Saver Deposit Subsidy
June 17th 2010 -
Credit Crisis | How the Housing-Life Cycle is Broken
June 13th 2010