The next six to 12 months could be interesting. A large number of Kiwis have opted for short-term rates, but the sense I get is that they are sitting there waiting to lock into a fixed rate
‘The credit crisis’ or ‘funding costs’ are not good explanations of ongoing increasing bank margins. Margins are increasing because they can.
2010
Is 2010 a Good Time to Buy Property?
Filed under: First Home Buyers, Mortgages, NZ Economy
If buying a property is one of your goals in 2010 then an obvious first step is to get a mortgage preapproval in place or figure out what you need to get one done.
In New Zealand you cannot walk away from your debt. Even after you sell, the lender can chase you for the remaining debt through to bankruptcy. And often they do! As a result, in New Zealand mortgage defaults are a function of servicing and not asset prices.
2010
Implications of the New Real Estate Agents Act
Filed under: Mortgages, Property Buying Tips
The new Act is great for protecting home buyers (ensuring full disclosure) but it has made it more difficult to raise finance on properties with code issues. If you are keen to buy a property that has a Code of Compliance issue you will generally need to get compliant prior to settlement
most recent posts
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Risk with houses built before 1945
January 28th 2012 -
Mortgage Rates: Let the Summer Craziness Begin
January 28th 2012 -
Growing your Property Portfolio
January 28th 2012 -
Waterview Connection | Implications for Property
December 4th 2011 -
Property Investing: Is Big Better?
November 20th 2011