by Glen McLeod | Mar 5, 2024 | Stuff Articles
Mortgage broker Glen McLeod had two requests from clients wanting to apply for hardship provisions from their banks on Thursday alone. They were people whose income had not kept up with the increasing cost of living, and the rapid rise in interest rates, and who were...
by Glen McLeod | Feb 20, 2024 | Stuff Articles
For lots of would-be first-home buyers, the prospect of a deposit is a huge hurdle. Loan-to-value restrictions limit how much banks can lend to people who do not have 20% deposit. But 20% of a median-priced house is about $150,000. That may be why news that BNZ...
by Glen McLeod | Feb 12, 2024 | Stuff Articles
A financial adviser expects more homeowners will struggle with home loan payments this year due to high interest rates. Mortgage arrears are at a four year high and Centrix says there are nearly 21,000 overdue mortgage accounts – up 21 percent on the year...
by Glen McLeod | Jan 16, 2024 | Stuff Articles
If you’re looking for a home loan this year, you may be able to get a better interest rate than you expect. Brokers said, while advertised home loan rates had not moved since a flurry of cuts pre-Christmas, banks were willing to negotiate and sometimes were...
by Control Shift | Dec 12, 2023 | Stuff Articles
David Thomson is stuck paying a home loan interest rate of 13.6% on a house that was meant to be his retirement plan, which he now cannot sell. The 59-year-old builder and his wife worked evenings and weekends for seven years, building their home on a 17.5-acre...
by Glen McLeod | Oct 31, 2023 | Stuff Articles
National’s win may be good news for would-be house-buyers, mortgage brokers say. The party, set to form the next government, has promised to roll back changes to the Credit Contracts and Consumer Finance Act (CCCFA), introduced at the end of 2021, which led to banks...
