Archive of: campbell
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How to lower your mortgage (really) posted May 16, 2012
In the Sunday issue of the NZ Herald the front page was all about how you should be asking your bank for a floating rate of 5.4% – or else you’ll leave. Then on the TV One news last night the suggestion was you rock up and demand a floating rate of 5.2%. While I [...]
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Baby boomers going bust? posted May 14, 2012
Picture this: You’re aged 60 and semi-retired (no it’s not a Tui ad…) Your retirement plans are well advanced with money sitting in various investments or your rental properties are now starting to produce income after years of mortgage payments. You’re feeling quietly confident that you can retire in relative comfort in 5 years if [...]
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Thinking about a job change? Hang on a minute posted May 9, 2012
In recent times we’ve come across two potential clients who are considering a change of job – from a regular salary to contracting – and they asked what effect this might have on their ability to borrow and in turn buy a house. Good question. Clearly a bank is concerned about income when assessing a [...]
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Auckland property trucks on for another month posted May 3, 2012
So, April came to a close following some frantic activity continuing the trend that started in Spring 2011. With winter virtually upon us now (there’s a frost on my lawn today!) I expect things to calm down as is traditionally the case when the seasons roll through. On the other hand I recall saying similar [...]
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My bank doesn’t understand small business posted April 24, 2012
If you’re a small business owner you may have heard this one before. You may have even said it once or twice! A few weeks ago we workshopped a case with National Bank where the business owner was looking for a loan to ‘tidy up a few bills’ and to fund a little expansion plan [...]
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Cancer – you might survive but will your bank account? posted April 20, 2012
According to Otago University research, over the last 2 decades the death rate from cancer in NZ has fallen by 50%. This is thanks to earlier diagnosis, better surgery and more effective drugs. That’s really fantastic news which our health service can be incredibly proud of and is especially important to me as my wife [...]
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My rent’s so high I might as well buy posted April 17, 2012
And so it is for people renting in Auckland’s more central suburbs. The Grey Lynners and the Kingslanders. The Pt Chevaliers and the Mt Edenites. Same thing goes on the North Shore for anyone from Devonport through to ‘The Bays’. With interest rates at current levels it’s got a lot of people wondering whether they [...]
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Westpac say fix, ANZ say float posted March 12, 2012
Last week the RBNZ Governor kept the Official Cash Rate unchanged – no surprises there. However he also reduced their forecast of future rate rises. This is something the market had predicted and we’ve seen the longer term fixed rates fall over recent months, somewhat to our surprise. You’re now able to fix for 3 [...]
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Residential property market survey posted March 7, 2012
Although bank reports are often as dry as a brick in the Sahara the latest residential property market survey done by the BNZ has some interesting information if you care to take a look. Truly. It’s on their website. I noted a couple of things. Firstly, that first home buyers are active in every region [...]
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On saving a deposit posted January 24, 2012
I know some new years resolutions will have included thoughts like ‘in 2012 I’m buying a house’. K. But where to start…..? Should you look into a Welcome Home Loan? This is a decent scheme that allows you to buy with a very small deposit, maybe even no deposit within certain limits. My feeling for [...]
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