Will having a flatmate help you buy your first home?

First home buyers often wonder aloud about whether or not the bank will include flatmates in their mortgage affordability calculation. Will that ‘income’ let you get a bigger mortgage and a flasher house? Or even just get a house at all?  Here’s the rules with the most important one at the top:  If you can […]

LVR changes? First home buyers, sorry, they mean diddly squat to you

You’re probably well aware that the RBNZ removed the LVR restrictions on 30th April 2020. What you might not realise is that this was done so that the mortgage relief being granted to people as a result of Covid-19 (mortgage holidays etc), didn’t result in breaches of the then restrictions. The media obviously picked up the story and […]

INCOME: Why quality’s (almost) more important than quantity right now

Bigger is better right? The more the merrier too? In a financial context both make a lot of sense. When you think about borrowing money for a mortgage in the Auckland market, the more income you’ve got then the better your chances of getting that mortgage. That’s obvious. However, the Covid-19 situation has brought one […]

How much can I borrow?

It’s rather appealing. The idea of punching a few numbers into an online mortgage calculator and getting an instant answer about whether or not you’re good to go on the mortgage front. Our slick market research (5 minutes of Googling) told us that people are searching hard out online in the hopes of getting an […]

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