I’ve been talking with a large number of first home buyers these past few months. Earlier today I was reflecting on what has changed since the “credit crisis.” Here are my thoughts
2009
Tough Borrowing Rules impact Property Investors
Filed under: Business Advice, Investment Property
I have been dealing with an ever increasing number of successful property investors who have reached or even passed bank lending thresholds. Going back two years the recipe was easy. Use other people’s money to buy property. When the property increases in value leverage the equity gained and start again. Income rarely came into it
Credit and lending decisions are increasingly being made by “Head Office.” This can have unwanted outcomes that you need to be wary of. More than ever it is important to plan your mortgages and split your relationship across multiple banks
What the Credit Crisis means to Banks Put simply – banks have significantly increased their housing revenue through margin expansion. They have moved away from aggressive competition to taking margin. Even Kiwi Bank is not immune. Banks are safe … and profitable … end of story. My back of envelope calculations put industry home loan
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