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OCR has dropped - Is it time to fix???

By Kris Pedersen on December 10th, 2015.


At 9am this morning the RBNZ cut the OCR to its lowest point ever (back where we were after the Christchurch earthquakes) however has signalled that it is likely to hold it there until the end of 2018. Note that while this will result in a drop in bank floating rates and potentially the shorter term fixed rates such as the 6, 12 and maybe 18 month rates it is not likely to.....


Are Auckland House Price’s Cooling?

By Kris Pedersen on November 20th, 2015.

It’s been a pretty crazy year working in an industry connected to the Auckland housing market and over the last 1-2 months things have definitely cooled down however it is worth having a closer look to see how things may play out moving forward.....


Bridging finance

By Bryan Rist on November 18th, 2015.

What is bridging finance? It is temporary/short term finance required to ‘bridge’ a gap when a property has been purchased but is to settle prior to a sale of an existing property. There are two forms of bridging finance.....


Debt to Income Ratio’s

By Kris Pedersen on November 17th, 2015.

Keep an eye out over the next 6 months or so in regards to the above. The RBNZ’s main approach since introducing Macropudential policies in 2013 as a means outside of using interest rates to control the property markets has been around equity based or LVR controls....


Slight Alterations Announced to RBNZ Auckland Property Investment LVR Restrictions

By Kris Pedersen on August 28th, 2015.

The RBNZ has pushed the start date of the introduction to the 30% deposit requirement back from an original intro date of the 1st of October to it now being bought in on the 1st of November. There is not much to this as this as all banks bar one have already introduced the rule and even for preapprovals the fine print stated that loans had to be issued based on the original date. There will also now.....



New Auckland RBNZ Restrictions

By Kris Pedersen on May 14th, 2015.

We'll get a more comprehensive blog out in the next few days but the Reserve Bank yesterday announced a new restriction specifically targeting investors and aimed at just the Auckland market.
The key policy changes from yesterday's announcement are as follows.....


Deposit Help from Family

By Bryan Rist on April 15th, 2015.

The battle does not get easier for first home buyers needing 20% deposit.  This is particularly pertinent to those in the Auckland market.
If you have a deposit under 20% then obtaining finance is harder due to Reserve Bank restrictions in place. Additionally, the cost of finance is higher, interest only and/or revolving credit facilities are not available and there is often a hefty.....


Market Update - April 2015

By Kris Pedersen on April 15th, 2015.

While there is still a lot of global volatility many things seem to be staying the same at the moment. The Auckland housing market is still going ballistic, with what seems ever increasing net migration, the council seems to be getting further and further behind in regards to issues consents to fix the supply side of the equation and the Bank war continues.....


BNZ Back in Mortgage Broker Market

By Kris Pedersen on April 15th, 2015.

While Kris Pedersen Mortgages have used BNZ a number of times on an unofficial basis they have announced that they are formally coming back in to the broker market. BNZ will not initially be accessible to all mortgage brokers, with less than 10% or so of the broker market having access to the official BNZ mortgage lending.....


Spec Build Development Finance

By Kris Pedersen Mortgages on April 10th, 2015.

At KPM we have a number of clients who are regularly involved in Spec Build projects, from 1 to multiple houses at a time where the client does not wish to market the houses for sale until they are near completion, thereby maximising the end value / price paid given the purchasers can “touch and feel” the product......


Positive News for First Home Buyers

By Bryan Rist on March 13th, 2015.

From 1 April 2015 The KiwiSaver HomeStart grant will replace the KiwiSaver First Home deposit subsidy. The KiwiSaver HomeStart grant provides eligible first home buyers with a grant of up to $5,000 for individuals and up to $10,000 for couples to put towards a deposit for an existing home. So this is the same as the old scheme......


Introduction to Business Lending

By Kris Pedersen Mortgages on March 6th, 2015.

As most self-employed clients know seeking and securing business finance from the Bank – secured solely against the business assets or at higher levels than standard home lending ratios will allow – is never easy and is usually met by your banker asking the question “What property assets will you be using to secure the lending?”......


Market Update & Interest Rates - Feb 2015

By Kris Pedersen on February 4th, 2015.

While many of us have enjoyed what weather wise has been a ripper of an NZ summer so far many are still spending their times checking out open homes as activity levels leading up to Christmas and the last couple of weeks have been exceptionally busy. This may be primarily with us dealing in the investor market as the statistics provided by the Reserve Bank indicate that.....



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Kris Pedersen Mortgages Limited

+64 9 486 4719
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