This week's Budget announcement has brought good news for first home buyers, with the Government unveiling a number of changes to unlock additional support.
If you’ve invested through the Squirrel peer-to-peer lending platform, you’ll be aware that on the other side of these investments are loans taken on by other Kiwis, borrowing through Squirrel. When these borrowers apply for a loan, they’re put under the microscope before our credit team push go, but what happens if a loan payment gets missed?
We come bearing good news, investors! As of the 21st March 2022, the rate of return across two of our Investment Classes – Home Loans and Construction Loans – has increased by 0.25%.
Today we're announcing the appointment of David Cunningham as Squirrel's new CEO, set to take up the role in July 2022.
Buying a home is (probably) going to be the biggest investment you’ll ever make. As a first home buyer, when you’re already fronting up such a hefty chunk of change, you’ll want to make sure you’re not getting stung by any unexpected costs along the way. Let’s take a look at the things you need to factor into your budget to avoid any big surprises.
Due to recent Reserve Bank LVR restrictions coupled with tightened credit criteria from banks in response to the CCCFA regulations, we’re seeing more loans that would have previously been gobbled up by a bank, heading towards non-bank lenders like Squirrel.
When I’m chatting with new investors, I always make a point of talking through the secondary market. At a high level, it performs incredibly well for investors who are looking to cash out some or all of their investments.
The Squirrel Monthly Income Fund is a new way to invest in Squirrel loans, on top of our existing peer-to-peer investments. For those that prefer a more hands-off approach, with the Managed Fund we manage the investment while you watch the returns come through.
In this case study we’re taking a look at a property development company that was in need of a treasury management strategy, to minimise the negative impact of cash drag. Here’s how they ended up maximising their returns by investing with Squirrel.
In this case study we're putting the microscope on a Wholesale Fund who was finding it increasingly tricky to originate and manage the loans it required to meet its investors’ income expectations.
Launchpad, our unique home loan for first home buyers has already helped scores of people onto the property ladder just three months after it was launched and we expect it to help tons more.
ASB Bank made a splash recently with the launch of their special mortgage rate for customers that are buying new builds or building their new home or investment property.