First home buyers are realising how useful their KiwiSaver is in assisting them in purchasing their first dwelling. One of the benefits of our KiwiSaver is that accumulated balances can be used to purchase an owner occupied dwelling. This advantage will become more attractive the longer people are in KiwiSaver and the larger their balances are. If a couple is …Read More
Tag Archives: house buying
Property investor – case study 4
Peter is a property investor / property manager who has a large number of rental properties and chose to have all his loans on a variable interest rate. He did this as he wanted to be able to reduce debt when it suited him and also to repay loans if he sold a property. He felt that a variable or …Read More
Property investor – case study 3
A Christchurch couple that I met felt that they had reached the maximum amount of property that they were able to buy. I said that I would have a look at their situation for them. They had a number of investment properties that were financed with different banks. While they had a small to medium amount of equity with each …Read More
When the borrower is a Trust
A number of properties in this country are owned by Family Trusts. A trust can borrow funds to purchase a dwelling just as if it is a natural person. However there are some differences. If a Trust is the borrower there will be additional paperwork required. Copies of the Trust Deed will be required by the lender providing details of …Read More
Organise insurance well before settling your home
The days of organising your insurance on the day of settling your home purchase are now a thing of the past. Insurance companies are becoming stricter. They may, for example, insist on an electrician’s certificate, to ensure that the wiring is up to standard. More time is now involved in filling out insurance forms. Full replacement policies are gone – …Read More