Mortgages

Investment Property Restrictions Announced

13/05/2015 - Reserve Bank announces new LVR restrictions

The Reserve Bank announced Wednesday morning the introduction of new policy changes to the loan-to-value (LVR) ratio.

LVR is calculated as Total Loan / Property Value = x%.

The changes take effect from 1 October 2015 however the Reserve Bank has asked the banks to operate in the spirit of the changes effective immediately.

The changes are as follows:

Deadliest Occupation in NZ is....

Farming!

According to The Independent, Farming classified as 'most deadly occupation' in New Zealand

Quad bike and tractor accidents have become the most common causes of death on farms in New Zealand where farming is classified as "the most deadly" occupation, claiming, on average, a life every three weeks throughout the year.

In addition the statistics show that a farmer or an agricultural worker is injured every half an hour.

Investment Property: Yield or Capital Gain?

Our partners over at Westpac have put together a handy little interactive tool they are calling the "Westpac Property Investor Report", but we think that doesn't do it justice.

Sure it's a report, but it has a cool little interactive tool that you can play with and see how much rent you should be charging and how much your property's value is increasing by each year.

This will be useful if you have an investment property and really useful if you are looking at buying one.

MYTH: I can do for myself exactly what a mortgage broker does

Australian non-bank mortgage provider, Aussie Home Loans, put out an interesting article addressing some misconceptions about mortgage brokers. Now of course we are biased, we are for a very good reason - we have been delivering value to our mortgage clients for the past 8 years.

 

The article starts: