When renovating a property for an investment gain you need to consider many factors to ensure you will get a return on your investment. Some factors include choosing the right materials and how much renovation to do – will it be cosmetic or structural.
Tag Archives | refinancing existing debt
ANZ/NBNZ have announced a further credit policy change…….
Fantastic list of 10 Top Tips for Buy an Investment Property! Provided by PropertyTutors.com. The advice in the tips is from decades of experience making a living as a property investor.
A Deposit Bond is a guarantee of payment and these Bonds are underwritten by insurance organizations. A deposit bond can be used instead of cash when settling a property, normally once a contract to purchase is signed a 10% cash deposit is made by the purchaser, the deposit bond is a substitute for the cash.
A big day for all of us in the financial services industry as the Financial Markets Authority and the new regulatory regime comes into force. So what are the basics to understand from the consumers point of view?
ASB announced this morning that they have extended their pre-approval time from 90 to a whopping 180 days.
Without wishing to comment on the politics of yesterday’s budget, I thought I’d give a brief though on the impact on borrowers.
The combination of incredibly low rates and continual improving credit policy has seen the office receive a large amount of new inquiry, especially from first home buyers.
For a country that espouses itself as being the land of the SME (small to medium enterprise) obtaining lending from NZ banks for the self employed can be a difficult road to hoe.
The Reserve Bank this morning cut the OCR as we expected by 50 basis points encouraging an immediate drop in floating rates by Westpac, ASB, BNZ and Kiwibank of an equivalent amount…..
A fair bit happening this week to say the least. As expected, further to ANZ/National’s move, the other lenders have dropped fixed rates and they have settled to within a whisker of each other….. Continue reading →