Latest News

The Pros and Cons of Helping your Child to Buy a House Jan 12, 2022

Can you afford to become the Bank of Mum and Dad and help your child buy a house? There are plenty of ways to assist, from a gift to a loan to rent-free cohabitation – which one could be right for you?

The ‘Bank of Mum and Dad’ is one of New Zealand’s largest lenders, with...

Continue Reading...
Interest Rate Rises are on the way Nov 17, 2021

There’s a strong feeling among economic commentators that interest rates will rise soon.

The Reserve Bank has signalled that it will raise the official cash rate (OCR), which comes in response to New Zealand’s strong economy, low unemployment and unexpected inflation rate. Until last...

Continue Reading...
Banks introduce New Mortgage Lending Restrictions Nov 14, 2021

In June this year, the Reserve Bank received approval for a new tool to rein in house prices and control debt levels: debt-to-income (DTI) ratios.

Now, some of the banks have decided to move first. BNZ has introduced a DTI for all its borrowers, and ASB has confirmed that it, too, is now applying...

Continue Reading...