I’ve been in a few crises. The first was launching Squirrel at the height of the GFC, with a crashing housing market. Then my head contractor went bankrupt part way through my big property development. Now? We're faced with Coronavirus. But this one is different. We're all in it together and it's out of our control.
Among all of the current madness you may have heard about the banks offering mortgage holidays, or repayment deferrals. Here's how the process works with each of the main banks.
In this ever-changing crazy quagmire of a world, there has never been a greater need for seamless online services. Fortunately, Squirrel is well set up to provide the same service for all our clients, whether you're stuck at home, or at the beach.
A mortgage isn't something you set and forget. It should be reviewed regularly with the ups, downs, plot twists of life and interest rate fluctuation. Especially if you want to pay it off as fast as possible and save money on interest. If you haven't had yours reviewed in a while, here are 5 simple things to consider.
For the last while we’ve been grappling with ever tightening rules on interest-only for investors, and that’s just the beginning of the hurdles. Servicing is getting stricter and investors are having to jump through a few hoops to keep the banks happy.
Over the last 12 months there has been a huge influx of investors into the Commercial Property market. Those chasing yield are shifting towards it because it historically gives you a better bang for your buck than residential property. We see plenty of investors who don't fully understand the finance side of these investments, so here's our advice.
The Hayne Report was released in Australia recently, and brought about some stern recommendations for the lending sector. The standards have been put in place for the best interests of New Zealanders, however, like anything that is done by the government, they can often carry unforeseen circumstances. Let's take a look at how property investors could be affected.
Feel like you’re missing out on a good mortgage rate? If you only recently bought your first home, you’re not alone.
Most media commentators are hooked on the new ‘rate war’, and the question being asked is if this is the new ‘norm.’ It isn’t, and more than that, you could easily miss out if you procrastinate.