Home Insulation Interest Free Loans

Interest-free home loan top ups for insulation and heat pumps ANZ are offering interest-free top-up loans for ANZ customers to help warm Kiwi homes. A combined $10,000 for insulation and heat pumps. $5,000 for insulation and up to $5,000 for heat pumps. With an interest-free home loan top up for 4 years of up to […]

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First Home Buyers

First-home buyers bigger part of housing market than investors for first time since records began First-home buyers borrowed more money in May than investors - the first time they have been ahead since records began. There was a total of $6.47 billion borrowed from banks in May to buy houses, a decrease of $120 million […]

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Non Standard Mortgages

In some cases banks have declined an application for finance of an existing customer due to the client not meeting bank policy requirements. These could include: Poor account conduct which are: late mortgage payments, unauthorised excesses on the transaction account, dishonoured payments Over use of consumer finance such as: using credit cards for cash withdrawals, […]

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Interest Rate Advice and OCR

The RBNZ has reduced the OCR (official cash rate) from 1.75% to 1.50%. The lowest ever in NZ's history. This has resulted in some very good fixed rates as low as 3.85%pa. The RBNZ has also signaled that the OCR could fall further to 1.25% or even 1.00% by the end of 2019. Banks have […]

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