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Is it time to fix my mortgage?

By Kris Pedersen on October 29th, 2016.

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Kris Pedersen talks about whether now is a good time to fix your mortgage and if your loan is already fixed, should you be thinking of breaking the fixed term and refixing at a lower interest rate.....




 

Debt to Income Ratios

By Kris Pedersen on October 28th, 2016.

Kris Pedersen gives an overview of the RBNZ's recent submission to the Government to have a new debt to income lending rule applied and he explains how this may effect borrowers in the future....

 

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40% Deposit Restrictions for Investors Introduced by RBNZ

By Kris Pedersen on July 19th, 2016.

After both the RBNZ and the Government not implementing any significant property related changes in May in regards to the RBNZ’s Financial Stability Report and the Budget, respectively the RBNZ has this morning put a 40% restriction on the banks in regards to investment lending.....


 
 

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Investment interest rates increasing

By Kris Pedersen on June 16th, 2016.

We have been commenting on this for a while and it appears that the banks are going to start to pass this on (although a number have not made comment or shown any price changes yet) the Reserve Bank is also conducting a further review to see if the Banks should hold even more capital on mortgage lending which could push interest rates up even further.....

 

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Restrictions based on offshore borrowers

By Kris Pedersen on June 16th, 2016.

The last week has seen policy changes by ASB, ANZ, BNZ and Westpac targeted at offshore borrowers. Effectively while this again looks like Banks are massively tightening criteria this is in reaction to an extent to mortgage fraud issues which have eventuated in Australia and are designed to limit the chance of this happening here. Basic changes are that foreign income for borrowers who are.....

 

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ANZ tighten lending criteria for investment builds

By Kris Pedersen on June 16th, 2016.

On Friday the 3rd of June ANZ announced a number of changes to their lending criteria. The key changes for investors to focus on are the removal of the Combined Collateral Exemption and that ANZ will no longer provide mortgages for construction for investment properties......


 

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Potential Increases in Investment Mortgage Pricing

By Kris Pedersen on May 24th, 2016.

Last November the Reserve Bank increased the amount of capital Banks needed to hold when lending on investment properties which we comments on in a previous blog HERE. As per our comments then the Banks have been absorbing so far the pricing difference with it being such a competitive market that they are not wanting to lose market share. In the last couple of weeks we.....

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Are we going to see another Lending Restriction introduced?

By Kris Pedersen on May 6th, 2016.

The market and in particular the Auckland market seems to be back in full swing. After a few months with lower overall sales numbers and auction clearance rates falling the last couple of months the last month or so has seen a complete reversal with Auckland hitting the highest ever median sale price according to REINZ in March and strong sales numbers appearing across the board.

With the hit to the Agri market the Reserve Bank can’t increase.........

 
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Has the NZ property market reached its peak?

By Kris Pedersen on March 8th, 2016.

2016 is already looking to be an interesting year in the NZ property markets with some questioning whether the Auckland market has finally peaked and whether it is now set for a major correction. In my opinion with the craziness and how out of hand the price increases were around the middle of last year it was always likely to settle down for a bit however.....

 

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The Latest Economic and Property Update

By Kris Pedersen on March 7th, 2016.

Following on from the above comments if you are in the Auckland region or surrounding areas and want to know more chartered accountant and property expert Matthew Gilligan & BNZ chief economist Tony Alexander are doing an event on the 22nd which will expand on the above and more.....

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Where will interest rates go?

By Kris Pedersen on February 19th, 2016.

This is going to continue to be an interesting but volatile discussion in 2016 with many indicators both at home and overseas suggesting that there could be more downward movement.....

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Not meeting Main Bank criteria??

By Kris Pedersen on January 26th, 2016.

With the tightening of Bank rules bought on by the RBNZ changes as well as an increase in borrowers or situations who don’t quite fit into the standard bank space I thought it may be a relevant time to raise a few cases.....

 
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