ASB has introduced a new product
ASB has launched a new product today called Back My Build, it gives those who are building a new home or purchasing home and land package access to a low variable rate of 1.79% p.a.** This is available to both owner occupiers and property investors.This is extremely beneficial as it helps keep mortgage payments lower […]
Attention Property Investors
**Attention Property Investors** Reserve Bank of New Zealand(RBNZ) is re-introducing Loan-to-Value(LVR) restrictions. This will be done in two stages. First stage – 30% deposit for property investors – Effective 1st March 2021 Second stage – 40% deposit for property investors – Effective 1st May 2021. Want to know more about what all this means to […]
Breaking News!
RBNZ removes LVR (loan-to-value ratio) restrictions for 12 months – Effective tomorrow (1/5/2020) – This is potentially beneficial for borrowers who have not had their incomes affected by Covid-19. For existing investment properties – Investors may now be able to borrow more than 70% the value of the property (previously restricted to 70%). For existing […]
