Wednesday, November 28th 2018, 9:30AM Banks will be able to provide 20% of their owner-occupier loans to borrowers with a deposit of less than 20% while lenders will be able to allocate 5% of new investor loans to borrowers with less than a 30% deposit. The changes, which were unveiled in the central bank’s Financial Stability Report, mark a gradual relaxation of LVR restrictions designed to cool the housing market.…
Up to 37 years to save a 20pc home deposit – and you thought Auckland was bad If you thought taking seven years to save a 20 per cent deposit for an Auckland house was bad, spare a thought for first home buyers in some parts of the United States. Research by the United States Mortgage Insurers Association shows it can take someone earning the median income…
The cost of living is rising before our eyes. Petrol – a key measure in calculating cost of living – went above $2.40 in many parts of the country for the first time, following a series of record highs hit in recent weeks. And the prices won’t stop there, with a 3.5c a litre excise tax coming to a pump near you from the start of October. When GST is factored in, the increase is…
Yes we are finally there Mike will be on the Latest TV renovation show on TV 3 It is due in October More to come when we can announce it The official announcement is the 27th of September
The team at MWM is seeing some huge gifts of cash from parents to assist their kids to get on the property ladder, which we think is a great thing and well over due. We don’t want our money from our parents when they are 85 as we will likely be 60 and may not require to much cash at that age, also then we have spent 20 years paying interest on…
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