Articles In ‘Lending’ Section
Mortgagee in Possession »
Guest Author R.M.L Once upon a time a person whose property went up for mortgagee auction must have been foolish. Obviously they had bought something more expensive than they could afford. Or they had taken risks in other areas of their life - such as their business - and used their house as collateral. They had made some poor decisions, [...]
Property Partnerships a Smart Way to Home Ownership »
As house prices continue to rise, particularly in Auckland and Wellington, it is becoming increasingly difficult for single people to purchase a dwelling. One hundred percent, no deposit mortgages, or even 95% low deposit home loans have all gone. Another alternative for two people, be they friends or siblings, is to form a property [...]
Lo Doc 75 »
Last week an application for a long term self-employed borrower with clean credit, a strong deposit and very good bank account conduct was presented to one of our specialist lenders. They did not require GST returns as the applicant was not in a GST registered profession. They approved a $450,000 mortgage over a residential property being [...]