Hi Reader,
With the Loan to Value ratio changes taking up most lending headlines in recent weeks, it’s important to explore how much deposit borrowers now need to get the most out of their finance.
The Reserve Bank have significantly changed the lending landscape in New Zealand over the last 3 years. The most recent move further stifling major banks ability to provide what mortgage seekers need in many instances.
This has made Loan Markets portfolio of non major lenders more relevant than ever and they are thriving as a result.
With more changes anticipated it’s time to familiarize yourself with our alternate options as we have solutions that you may not realise exist. Read More
Property Institute of New Zealand chief executive, Ashley Church has said, "There have been some significant steps toward solving the issues facing the Auckland market but they still lack a coordinated approach that ties together the good work of the past couple of years". "What we need, now, is a considered package that focuses on buyer behavior". One of his solutions is to remove LVR for first time buyers - We have been beating the drum for a while now, it's the only option and sharpish please! Read More
This month I drill down on how much deposit you really need in light of the new restrictions and your options if you don’t quite have enough. Now is a great time to get in touch for a chat about your deposit.
As always, I’m here to answer your lending questions so feel free pick up the phone or email me today.
Best regards,
Stewart Mitchell & Sam Heans | 
