fbpx

Mortgage More Than 4%??

You Need to
talk to us

Got an
unexpected
Tax Bill?

Has the bank
said No?

Bad Credit?

Thinking about building your home?

Getting a mortgage doesn’t
have to be stressful!

Thinking about building your home?

Getting a mortgage
doesn’t have to be
stressful!

Get The Best Mortgage Rates and Friendly Expert Advice, All in One Place

Whether you’re looking to buy your first home, already have a mortgage, or are looking to invest, we’re here to help you through the sometimes quite daunting process of getting a mortgage or refinancing.

We make sure everything is set up correctly, help satisfy the bank’s conditions, and work tirelessly to get you the best mortgage rates and conditions… nothing goes in the too hard basket, that’s a promise!

And the best part? All this at absolutely no cost to you!

That’s right, we don’t charge you for our services, so get in touch and find out how we can save you time, hassle, disappointment and money, while making your house purchase a smooth and seamless process.

The 5 Steps To Getting A Mortgage

We’ll meet and discuss your needs

We’ll go and get approval from the best bank for you

Pre-approval!

We’ll negotiate interest rates and meet to talk about how you’d like to structure your mortgage

You’ve got yourself a house!

Why Mortgage Lab?

Our Services

Need a competent and reliable Mortgage Broker? We’ve got you covered!

worth of mortgages written

(based on expected mortgage volume in 2020)

Let us take the stress out of your next property purchase

You’re so close, you’ve been scouting the property market for months, you’ve been to countless open homes and talked to seemingly every agent in town and now you’re ready, you’ve found it… the one! Your dream home or investment opportunity!

Unfortunately, now comes the hard bit… getting it over the line. You need to tick many boxes and finance approval is one of the big ones.

Our mortgage brokers make sure you get the best deal, minus the hassle

We will walk you through the process of buying your first (or next) property, making sure to provide you with crucial information every step of the way, pulling out all the stops to get you over the line in time so that you don’t miss out on your dream home or investment opportunity.

Some Useful Tools for your Mortgage

A huge thank you to Johnny. My husband and I have been dreaming of owning our own home for years! Johnny delivered on what we had written off as never possible. We have been in our home for two weeks and can’t believe it’s ours. We will never forget Johnny and his hard work getting us over the line….

Johnny Ang

New Home - N Furlong, Auckland

Lynne made the process of refinancing our home loan very easy and straightforward. She was always very easy to get hold of and constantly kept us up to date with the progress of our application. Would definitely use her again and recommend her to others.

Lynne Dent

Refinance - A Kennett, Kaiapoi

Lynne was fantastic to work with, totally honest all the way through and she really understood the way my pay worked (as I am self-employed). I felt that she was totally in my corner all the way through.

Lynne Dent

Refinance - J Denham, Christchurch

Lynne was very helpful, positive, and worked hard to get the best deal for us. She made it possible for us to be able to buy a house much sooner than we expected. She respected our wishes, explained things well, and adapted to the changes necessary with lockdown very well. She always conducted herself p…

Lynne Dent

First Home Buyer - B Dickinson, Invercargill

Lynne was excellent to deal with, very friendly and very knowledgeable. I would recommend her service.

Lynne Dent

First Home Buyer - M Ebsworth, Christchurch

Lynne, was fantastic from start to finish. She took the stress out of buying a house and even helped us look for a house which we now proudly own. Thank you!

Lynne Dent

First Home Buyer - H Patel, Christchurch

Thank you again for the solid advice and finally sorting my KiwiSaver to be far more rewarding. Can’t wait to make more progress with my upcoming new home.

Kyn Jackson

KiwiSaver

Laura was awesome to deal with. She made everything so simple and extremely stress free

Laura Cates

Debt Consolidation - R Farrell, Northland

Keith is absolutely incredible to work with and we could not be happier with the outcomes he’s provided for us. If you are looking for an Adviser who always gets back to you promptly, explains everything clearly and gets you the best deal possible, Keith is the who you are looking for.

Keith Munro

First Home Buyer - S Fourt, Wellington

Awesome work both times we have worked with Sam.

Samuel Eva

Refinance - J Stockley, Auckland

Brett was outstanding to work with, kept me fully informed throughout and constantly went “over and above” to ensure everything went smoothly when purchase was completed.

Brett Davies

Investment Purchase - R Wakelin, Auckland

Made things so much easier and explained each step and processes and each to talk to well end result we are in our house!! Happy happy!!

Wayne Holden

Purchase of New Home - Palmerston North

Would not have asked for anything better but to get an experienced broker at my very doorstep. I applaud your care & support and irrespective of the results of all this, you have really gone above & beyond.

Lynne Dent

Purchase of New Home

Laura was so amazing and understanding. Really helpful especially as all the work was done during level 4 lock down. I can’t recommend the service and experience highly enough.

Laura Cates

New Purchase

Lynne did a brilliant job organising us into our first/down sizing home. We didn’t think we had things quite in place but non the less when a place popped up we were really interested in she was able to work her magic and we have now been in our own home for a couple of months.She was so knowledge…

Lynne Dent

Purchase of New Home

Johnny was exceptional throughout the process. I will definitely recommend his services.

Johnny Ang

First Home Buyer

Ruan was amazing to work with, he invested in our aspirations and developed strategies to get the best outcomes. How we are first home owners, couldn’t ask for anything more!
Thank you Ruan.

Ruan Chryssafis

First Home Buyer Through Construction

Helpful, knowledgeable.

Johnny Ang

First Home Buyer

Robyn was incredible and so encouraging. I would never have thought I could buy a place in my dream location, but with her help I did. She was a wealth of knowledge and always happy to answer my (many!) questions.

Robyn Turner

First Home

Two thumbs up for Johnny, his excellent service and hard work. I would 100% recommend Johnny to my friends and family without doubt.

Johnny Ang

First Home Buyers - Auckland

FAQs

A pre-approval is an offer (typically known as a Letter of Offer of Finance) from a bank or lending institution that indicates the maximum they are willing to lend. The document may have a list of conditions to still be met by the client. This is known as a Conditional Letter of Offer. A document with no conditions is known as an Unconditional Letter of Offer.

Category: Home - FAQ

Mortgage Brokers are generally a free service but there will be a couple of unavoidable costs there. These may include:

  • A Registered Valuation ($800 – $1,200)
  • Solicitor Costs ($800 – $1,500)
  • LIM report ($150 – $400)
  • Builder’s Report ($100 – $500)
  • Weather Tightness Report for Monoclad houses ($300 – $1,000)
  • Finance fee for non-bank lending (~1%)

Prices can vary. Always request a quote before ordering a report.

Category: Home - FAQ

We are always looking for amazing people to join our team. To become a great Mortgage Broker, you need to enjoy working people and helping them through a (sometimes) stressful time.

To become a Mortgage Lab Adviser, you will need to demonstrate a good level of understanding of the mortgage market and an unrelenting willingness to put your clients first.

To find out more, head on over to our Careers page.

Category: Home - FAQ

We have Mortgage Advisers Whangarei, Auckland-wide, Tauranga, Hawkes Bay, Palmerston North, Wellington, and Christchurch.  Note that mortgage applications can be done remotely for most banks so you don’t need to be in the same city as your broker. See the full list of Brokers here.

Category: Home - FAQ

The banks typically say 5 working days.  Sometimes it can be as low as 2 days or sometimes it can be slightly longer.  If your application is urgent, let us know as soon as possible and we will mark it as urgent.

Category: Home - FAQ

You have to insure the houses that the bank has as security. However, the bank cannot force you to take any other form of insurance with them. We recommend getting independent advice on both insurance on your house and personal health insurance.

Category: Home - FAQ

Nope. Is that weird to admit? Bottom line is, you’ll get the same interest rates as us if you’re a good negotiator or if you’re especially charming to the branch teller.

So you’ve got those rates. Now which one are you going to choose? 1 year? 5 years? Interest Only? Partly Revolving? Should you take those bonuses they’re offering? Is it worthwhile bothering your Accountant?

We go over all of this for free and you don’t even need to go into a branch. And you’ve got our DDI if you have additional questions.

Category: Home - FAQ

This is called “shopping the deal” and it appeals to a certain type of customer but the short answer is… no.  We won’t shop the deal the majority of the time.

Each bank runs a Credit Check on you when they approve an application and the other banks can see this. This not only lowers your Credit Score (which is not great) but when the bank comes to offer you interest rates, they are not going to bother fighting for a good deal because you are clearly looking at other competitors.

This is counter-intuitive to what you might think. Often people think that banks realise they’re in competition and sharpen their pencils. Branch staff will tell you that competition is healthy, but trust us, the internal staff respond much better to loyal customers.

Category: Home - FAQ

As above, sometimes a bank just isn’t looking for you as a client. In this instance, they can either decline you or make the terms of your lending so ridiculous that you either accept (sucker!) or you go away. We know what banks have an appetite for and send you to the right bank without you shopping around banks.

Category: Home - FAQ

The banks pay The Mortgage Lab to find and prepare the entire application for them. This means they need less people in the branch which is much cheaper for them.

Additionally, the bank can control the type of business they receive. A bank might call The Mortgage Lab and say, “we don’t want high risk clients this month but we do want business owners”. And immediately, they will begin to receive those kind of clients from us. In a branch, the banks are forced to accept whatever client walks through the door.

Category: Home - FAQ

For almost all our clients, there is no charge at The Mortgage Lab. We work with the banks and they pay us. The only time you’ll pay a fee is if we have to involve a non-bank finance company. You’ll always be made aware of these fees long before they are locked in.

Category: Home - FAQ

Load More

Download our Free eBook –
Your Next Investment Property

IN THIS BOOK YOU’LL LEARN:

The Investment basics every property investor needs to know

How to easily calculate the most important numbers in your head

Who you need in your investment team

What you’ll need to get a mortgage

Check Out Our Podcast

Check Out Our Videos

Articles

  • 3 Things Investment Property Buyers Can Do To Get Ready

    So you’ve decided to purchase an investment property, here are first 3 things you can do to get the ball rolling.

    Read More

  • What does a million dollars buy you in the major cities

    With Covid-19 lockdowns, working from home has become the new norm. It’s highly probable that buyers who were previously looking to purchase in the larger cities will now be looking…

    Read More

  • Preparing For Your Mortgage - Documentation

    Getting a mortgage can be stressful and a lot of that stress is caused by waiting for the bank to make their offer. You can significantly reduce wait time by…

    Read More

  • Revolving Credit, Floating Account, Mortgage

    Most homeowners are familiar with fixed-term mortgages.  Over 80% of NZ mortgages are on some sort of fixed-term; the majority are currently for 1 to 2 years.  But it’s easy…

    Read More

  • Ready to Buy: 3 Things First Home Buyers Can Do Today

    Purchasing your first home can be confusing.  The key to being ready to buy is to be organised.  Here are 3 things that first home buyers can do today to…

    Read More

  • Investment Mortgages and Interest Only

    In recent years, the Reserve Bank has been working on reducing the amount of Interest Only mortgages in New Zealand. In the article below, we look at how it affects…

    Read More

  • How Do I Calculate Yield?

    When you’re looking for an investment property, you are often either looking for capital growth or yield (ideally a positive cash return).  There’s a quick and easy trick that we,…

    Read More

  • Can I buy an investment property?

    Homeownership is the dream and goal of 99% of New Zealanders.   Once achieved, homeowners often to turn to buying their first investment property. How much deposit do you need for…

    Read More

  • How Do I Get a Mortgage

    A lot of the nerves that first home buyers feel when they decide to buy is around the mortgage.  When the maximum loan you’ve ever applied for is a $2,000…

    Read More

  • How To Calculate Break Costs And Decide if it a Good Strategy

    For the past 12 years, interest rates (both mortgage and the Official Cash Rate) have been decreasing.  That means that almost everyone who has fixed their mortgage at some point…

    Read More

  • Flatmates and your mortgage

    So you’re looking to purchase. Could a flatmate help you purchase a more expensive house? Will a bank take that extra income into account? How much interest will flatmate income…

    Read More

  • When Should You Transfer Your Overseas Savings If You're Buying A Home In NZ

    With the long-term effects of Covid-19 still unknown, a lot of Kiwi expats are returning from overseas with the intention to purchase a home. That means bringing money home and…

    Read More

  • Deposits: How much do you need for your first home?

    If you have less than 20% deposit, you are referred to (by the banks) as a Low Equity (or Deposit) Borrower.  You are required to meet a different set of…

    Read More

  • How the Removal of High LVR Restrictions Affects You

    On 30th April 2020, the Reserve Bank announced the removal of LVR restrictions (here is an article on the changes to LVR restrictions) on banks in New Zealand.  From 2013-2020,…

    Read More

  • How Expat Kiwis Can Buy Property in NZ and Return Home

    With the Covid-19 pandemic, there has been a huge resurgence in expat Kiwis who have decided that NZ is, indeed, the best place in the world. Both Real Estate Agents…

    Read More

  • Stop looking at the Performance of House Prices

    Almost every potential house buyer, at some point, will utter some version of the words “what are house prices doing at the moment?”.  It’s an understandable concern.  You don’t want…

    Read More

  • App of the month – Pocketsmith

    If you’ve ever watched one of the Mortgage Lab’s webinars or Facebook livestreams, you will most likely have heard us rave about this app of the month.  It’s one of…

    Read More

  • When to get your Accounts done

    If you happen to be a salary earner, proving your income is relatively easy.  As long as your Employer issues decent quality Payslips, you can provide the 3 most recent…

    Read More

  • The banks are currently overwhelmed by hardship applications as a result of the Level 4 lockdown for Covid-19.  In this article we look at what your options are and why…

    Read More

  • Bank Relief Packages and Mortgage Holidays

    Article current as of 1st April 2020 (no April Fools jokes are contained – all information accurate) With the recent announcements with bank relief packages and mortgage holidays, we are…

    Read More

  • First Home Loan Versus First Home Grant

    Previously, we’ve looked at the difference between First Home Grants and KiwiSaver.  Another often confused, pairing is the First Home Loan (previously known as the Welcome Home Loan) facility and…

    Read More

  • 2 Bank Account Tips the bank will never tell you

    Banks are businesses and their goal is to make money and become the leading brand in the industry. This is the same goal as most other businesses and their reputation…

    Read More

  • 3 things to do now to prepare for a recession

    We are entering an unprecedented time.  The Reserve Bank has announced an Official Cash Rate drop of 0.75% leaving the cash rate at a historic low of 0.25%.  Most economists…

    Read More

  • OCR Announcement - 16th March 2020

    The Reserve Bank today announced that the OCR would be reduced by 0.75% to a new level of 0.25%. International markets around the world have been severely affected by the…

    Read More

  • How Does A Student Loan Affect A Mortgage Pre-Approval

    First home buyers are often nervous about the size of their Student Loan and how it will affect their chance of getting a mortgage.  But how much does it really…

    Read More

  • How does a Credit Card affect your mortgage?, bad debt

    Kiwis like Credit Cards… a lot.  If you’ve got 10 minutes, you could get one online right now (don’t).  And the price for easily-acquired, unsecured debt is usually ~20% p.a.…

    Read More

  • 2020 Predictions Interest Rates / House Prices

    It’s the time of the year when the Mortgage Lab buffs up our Crystal Ball, gazes into the infinitely complicated world of economics and comes up with sufficiently generic interest…

    Read More

  • 10 Things Homeowners Should Do Annually, But Don't

    The best thing about owning your own home is that you can decorate it however you choose.  Unfortunately there are some less exciting things that every homeowner needs to do…

    Read More

  • What does LVR mean?

    Think of the Loan to Value Ratio (LVR) like this:  What percentage of the house is covered by the mortgage…  Or, in other words, what percentage of the house does…

    Read More

  • If you quit smoking, how fast could you pay down your mortgage

    Smoking is a difficult habit to quit.  There are many services that can help you, the most commonly known is Quitline, and each person will quit for different reasons.  For…

    Read More

  • The Official Cash Rate (OCR) explained

    What is the OCR? The OCR is an interest rate set by the Reserve Bank of New Zealand which defines the wholesale price of borrowed money. This directly affects the…

    Read More

  • First Home Grants and KiwiSaver

    First home buyers can often get tangled up in the pile of new concepts to learn.  In this article, we explore the basics of withdrawing your KiwiSaver and meeting the…

    Read More

  • 5 Things you need to get into your first home

    In this day and age, where house prices are rapidly increasing, it is easy to think that home ownership is an impossible dream.  Before I became a mortgage adviser I…

    Read More

  • Better Budget - All about your heat pump

    Heat pumps are great.  They are efficient and quick to work.  In fact, Energywise says that a heat pump is the most energy efficient way of using electricity to heat your…

    Read More

  • It's ok if you don't understand the kiwi saver tax credit.

    just don’t miss out on it. In order to grow your savings, you need to earn money. And you have to pay tax on that money. So, you might earn…

    Read More

  • 3 Thinks you can do to get ready for a mortgage

    Order your Credit Report It’s free to order your own Credit Report and is a great insight into what the bank will know about you. See what loans are recorded…

    Read More

  • Paying Down Your Mortgage or Savings Into KiwiSaver

    It’s a question we get asked a lot. If we have an extra amount of money in our salary, should we use the money to pay down our mortgage or…

    Read More

  • KiwiSaver, First Hone Grand and First Home Loan

    “My income is too high to be able to use KiwiSaver to purchase my first home”, was a comment made in passing to me today. Article written and submitted by…

    Read More

  • How to purchase an apartment

    Apartments are a very tempting purchase, especially for first-home buyers.  They tend to be lower cost and therefore much more within reach.  But there are a few things to be…

    Read More

  • 6 Tips for bidding at auction

    Auctions can be a little bit overwhelming.  They’re meant to be.  It’s why they result in higher prices for the Vendors.  To help ease the stress, here are 6 quick…

    Read More

  • Where Am I going to find my deposit?

    One of the simplest ways to grow your deposit is KiwiSaver. Below, we take a quick look at how quickly your deposit could grow and the numbers around this. Robyn…

    Read More

  • Turn Key, Progress Payments, Contract, Construction, Building, New Home

    While the Reserve Bank has tried to make finance more difficult in the past 6 months, they have also tried to encourage mortgage lending on newly constructed properties.  In other…

    Read More

  • The Rule of 72

    Whenever you’re dealing with complex numbers, it helps to have a few tricks to make quick calculations easy.  So here’s an easy way to calculate how long an investment will…

    Read More

  • Fixing your mortgage

    About 5 years ago, 80% of all mortgages were sitting on a floating rate. And with good reason. The interest rates were falling off a cliff. In a couple of…

    Read More

  • 5 Things To Know About Your Mortgage Pre-Approval Letter of Offer

    Good news! You’ve completed your application, handed over a mountain of paperwork (just kidding, our system is paperless) and now you’re pre-approved for your mortgage! After a phone call from…

    Read More

  • Mortgage Deposit: Can I take out a loan to increase my deposit?

    As you may know from our other blogs, there are some key levels of deposit that you need to get to in order to buy a new home. The main…

    Read More

  • 2019 Interest Rates Prediction

    It’s the time of the year when we buff up our Crystal Ball, gaze into the complicated world of economics and finance and come up with sufficiently generic forecasts/predictions to…

    Read More

  • financial stability report, RBNZ, LVR, Economy

    The Reserve Bank of New Zealand has released it’s 6 monthly Financial Stability Report. Previous Financial Stability Report Almost exactly one year ago, on the 29th November 2017, the RBNZ announced…

    Read More

  • 4 Tips To Buying By Tender

    Recently we looked at some tips for bidding at an auction.  But what if the house you love is for sale by tender?  Tenders are much less time-pressured than auctions…

    Read More

  • Who is your property team?

    Surrounding yourself with property experts is not just a good idea; it’s absolutely necessary. And while it sounds expensive, you don’t have to go full-Thomas-Crown to get the advice you…

    Read More

  • The one bank trap and the several bank nightmare

    A common phrase in mortgage world is the “one bank trap”. It’s when you have all your lending with one bank which gives the policy makers at the bank all…

    Read More

  • The Bank Said No Credit Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • The Worst Financial Decision You Can Make

    Saving is a long, slow process. That’s why so many of us are so bad at it. You could put $20 aside every week and after a year, you’ll have…

    Read More

  • The Bank Said No Income Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • The Bank Said No Equity Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • Small Steps – Update Your KiwiSaver Contact Details

    If you have ever tried to tidy up your financial affairs, it can be overwhelming to try and do everything at once.  Like most big projects, the best way to…

    Read More

  • Better budget - the spindel laundry dryer

    At least once a month, we try to bring you an unusual outside-the-box method to save money.  Recently we’ve introduced you to Pocketsmith.com and shown you how cleaning your heat…

    Read More

  • What is a reverse mortgage?

    Retirees often find themselves in a difficult financial position.  Short on income but lots of equity, usually stored in their homes.  A typical mortgage top-up won’t work in this scenario. …

    Read More

  • Case study - August 2018

    This month’s case study looks at a client that found themselves almost at the magical 20% deposit.  Almost… but not quite. Let’s call the couple Bill and Hillary (obviously not…

    Read More

  • What is bad debt?

    You may have heard the term “bad debt”. But what is it? Is all debt bad? Can bad debt become good debt? Order your bad debts In “The Successful First…

    Read More

  • City focus - Tauranga

    This month our Mortgage Advisers take a good look at the property sector in the beautiful city of Tauranga. Tauranga Property Prices It would be fair to say that property…

    Read More

  • App of the month - Mortgage Calculator

    We are very proud to announce the release of our Mortgage Lab Calculator on the iPhone App Store! With the focus on being simple to use, it has everything you…

    Read More

  • Your mortgage rate is 8%

    Repeat after me.“The interest rate I pay on my mortgage is 8%…”“The interest rate I pay on my mortgage is 8%…” No it’s not You’re right, it probably isn’t.  If…

    Read More

  • What is Price By Negotiation?

    Until recently, selling a house by Auction has been the most popular method of selling in Auckland.  It takes advantage of the excitement in the market and pits buyers directly…

    Read More

  • Pocket money into KiwiSaver

    Could parents use KiwiSaver as a method for rewarding children in the form of pocket money?  Read on to see how one of our clients is not only successfully doing…

    Read More

  • All About Conveyancing

    When you’re buying a house, there are a lot of things to think about.  One of the steps that is often a mystery for our clients is conveyancing; ie; what…

    Read More

  • Predictions for 2018

    It’s the time of the year when we buff up our Crystal Ball, gaze into the complicated world of economics and finance and come up with sufficiently generic forecasts/predictions to…

    Read More

  • Purchasing at Auction - A Step By Step Guide

    It often feels like you’re stumbling in the dark when you’re buying your first home.  So we’ve compiled a list of steps you are likely to go through in your…

    Read More

  • Calculating The Interest On Your Progress-Payment Construction

    Calculating the amount of interest expected in a progress-payment contract on a newly built house can sometimes seem daunting.  In this article, we walk you through some easy calculations. Recently…

    Read More

  • Mortgagee Sales – What To Look Out For

    Property prices have increased significantly over the past few years.  It can be tempting for buyers to be on the hunt for a bargain.  For most buyers, nothing says “desperate…

    Read More

  • App of the month – Sun Seeker

    This month’s app that we love is called Sun Seeker.  It is immensely useful and a very simple concept. With the world just waking up to Augmented Reality, this app…

    Read More

  • Small Steps – Credit Report

    If you have ever tried to tidy up your financial affairs? It can be overwhelming to try and do everything at once.  Like most big projects, the best way to…

    Read More

  • Transfer Your Aussie Super to KiwiSaver

    It’s estimated that there is ~$5 billion of Kiwi’s funds ‘lost’ in Aussie Super funds. This is usually because that NZer was working in Australia, contributing to a Super Fund…

    Read More

  • App of the Month – Gaspy

    We all enjoy saving a bit of money, especially if you’re looking to buy your first home or if you’ve just got your first mortgage. There are all sorts of…

    Read More

  • Meth and investment properties - it's worse than you think

    If you’re looking in the property market at the moment, you’ve no doubt come across the dire warnings surrounding methamphetamine, meth or “P”. The chemical process for making P is incredibly…

    Read More

  • Deposits: How much do you need for your first home?

    If you have less than 20% deposit, you are referred to (by the banks) as a Low Equity (or Deposit) Borrower.  You are required to meet a different set of…

    Read More

  • Preparing For Your Mortgage - Documentation

    Getting a mortgage can be stressful and a lot of that stress is caused by waiting for the bank to make their offer. You can significantly reduce wait time by…

    Read More

  • Ready to Buy: 3 Things First Home Buyers Can Do Today

    Purchasing your first home can be confusing.  The key to being ready to buy is to be organised.  Here are 3 things that first home buyers can do today to…

    Read More

  • How Do I Get a Mortgage

    A lot of the nerves that first home buyers feel when they decide to buy is around the mortgage.  When the maximum loan you’ve ever applied for is a $2,000…

    Read More

  • Flatmates and your mortgage

    So you’re looking to purchase. Could a flatmate help you purchase a more expensive house? Will a bank take that extra income into account? How much interest will flatmate income…

    Read More

  • Deposits: How much do you need for your first home?

    If you have less than 20% deposit, you are referred to (by the banks) as a Low Equity (or Deposit) Borrower.  You are required to meet a different set of…

    Read More

  • Stop looking at the Performance of House Prices

    Almost every potential house buyer, at some point, will utter some version of the words “what are house prices doing at the moment?”.  It’s an understandable concern.  You don’t want…

    Read More

  • First Home Loan Versus First Home Grant

    Previously, we’ve looked at the difference between First Home Grants and KiwiSaver.  Another often confused, pairing is the First Home Loan (previously known as the Welcome Home Loan) facility and…

    Read More

  • 2 Bank Account Tips the bank will never tell you

    Banks are businesses and their goal is to make money and become the leading brand in the industry. This is the same goal as most other businesses and their reputation…

    Read More

  • How Does A Student Loan Affect A Mortgage Pre-Approval

    First home buyers are often nervous about the size of their Student Loan and how it will affect their chance of getting a mortgage.  But how much does it really…

    Read More

  • 10 Things Homeowners Should Do Annually, But Don't

    The best thing about owning your own home is that you can decorate it however you choose.  Unfortunately there are some less exciting things that every homeowner needs to do…

    Read More

  • 5 Things you need to get into your first home

    In this day and age, where house prices are rapidly increasing, it is easy to think that home ownership is an impossible dream.  Before I became a mortgage adviser I…

    Read More

  • 3 Thinks you can do to get ready for a mortgage

    Order your Credit Report It’s free to order your own Credit Report and is a great insight into what the bank will know about you. See what loans are recorded…

    Read More

  • KiwiSaver, First Hone Grand and First Home Loan

    “My income is too high to be able to use KiwiSaver to purchase my first home”, was a comment made in passing to me today. Article written and submitted by…

    Read More

  • Where Am I going to find my deposit?

    One of the simplest ways to grow your deposit is KiwiSaver. Below, we take a quick look at how quickly your deposit could grow and the numbers around this. Robyn…

    Read More

  • 5 Things To Know About Your Mortgage Pre-Approval Letter of Offer

    Good news! You’ve completed your application, handed over a mountain of paperwork (just kidding, our system is paperless) and now you’re pre-approved for your mortgage! After a phone call from…

    Read More

  • Mortgage Deposit: Can I take out a loan to increase my deposit?

    As you may know from our other blogs, there are some key levels of deposit that you need to get to in order to buy a new home. The main…

    Read More

  • Who is your property team?

    Surrounding yourself with property experts is not just a good idea; it’s absolutely necessary. And while it sounds expensive, you don’t have to go full-Thomas-Crown to get the advice you…

    Read More

  • Purchasing at Auction - A Step By Step Guide

    It often feels like you’re stumbling in the dark when you’re buying your first home.  So we’ve compiled a list of steps you are likely to go through in your…

    Read More

  • Mortgagee Sales – What To Look Out For

    Property prices have increased significantly over the past few years.  It can be tempting for buyers to be on the hunt for a bargain.  For most buyers, nothing says “desperate…

    Read More

  • 3 Things Investment Property Buyers Can Do To Get Ready

    So you’ve decided to purchase an investment property, here are first 3 things you can do to get the ball rolling.

    Read More

  • Investment Mortgages and Interest Only

    In recent years, the Reserve Bank has been working on reducing the amount of Interest Only mortgages in New Zealand. In the article below, we look at how it affects…

    Read More

  • How Do I Calculate Yield?

    When you’re looking for an investment property, you are often either looking for capital growth or yield (ideally a positive cash return).  There’s a quick and easy trick that we,…

    Read More

  • Can I buy an investment property?

    Homeownership is the dream and goal of 99% of New Zealanders.   Once achieved, homeowners often to turn to buying their first investment property. How much deposit do you need for…

    Read More

  • How to purchase an apartment

    Apartments are a very tempting purchase, especially for first-home buyers.  They tend to be lower cost and therefore much more within reach.  But there are a few things to be…

    Read More

  • The Rule of 72

    Whenever you’re dealing with complex numbers, it helps to have a few tricks to make quick calculations easy.  So here’s an easy way to calculate how long an investment will…

    Read More

  • The one bank trap and the several bank nightmare

    A common phrase in mortgage world is the “one bank trap”. It’s when you have all your lending with one bank which gives the policy makers at the bank all…

    Read More

  • The Bank Said No Credit Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • The Bank Said No Income Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • The Bank Said No Equity Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • Meth and investment properties - it's worse than you think

    If you’re looking in the property market at the moment, you’ve no doubt come across the dire warnings surrounding methamphetamine, meth or “P”. The chemical process for making P is incredibly…

    Read More

  • Preparing For Your Mortgage - Documentation

    Getting a mortgage can be stressful and a lot of that stress is caused by waiting for the bank to make their offer. You can significantly reduce wait time by…

    Read More

  • How To Calculate Break Costs And Decide if it a Good Strategy

    For the past 12 years, interest rates (both mortgage and the Official Cash Rate) have been decreasing.  That means that almost everyone who has fixed their mortgage at some point…

    Read More

  • 3 Things Investment Property Buyers Can Do To Get Ready

    So you’ve decided to purchase an investment property, here are first 3 things you can do to get the ball rolling.

    Read More

  • What does a million dollars buy you in the major cities

    With Covid-19 lockdowns, working from home has become the new norm. It’s highly probable that buyers who were previously looking to purchase in the larger cities will now be looking…

    Read More

  • Preparing For Your Mortgage - Documentation

    Getting a mortgage can be stressful and a lot of that stress is caused by waiting for the bank to make their offer. You can significantly reduce wait time by…

    Read More

  • Revolving Credit, Floating Account, Mortgage

    Most homeowners are familiar with fixed-term mortgages.  Over 80% of NZ mortgages are on some sort of fixed-term; the majority are currently for 1 to 2 years.  But it’s easy…

    Read More

  • Ready to Buy: 3 Things First Home Buyers Can Do Today

    Purchasing your first home can be confusing.  The key to being ready to buy is to be organised.  Here are 3 things that first home buyers can do today to…

    Read More

  • Investment Mortgages and Interest Only

    In recent years, the Reserve Bank has been working on reducing the amount of Interest Only mortgages in New Zealand. In the article below, we look at how it affects…

    Read More

  • How Do I Calculate Yield?

    When you’re looking for an investment property, you are often either looking for capital growth or yield (ideally a positive cash return).  There’s a quick and easy trick that we,…

    Read More

  • How Do I Get a Mortgage

    A lot of the nerves that first home buyers feel when they decide to buy is around the mortgage.  When the maximum loan you’ve ever applied for is a $2,000…

    Read More

  • How To Calculate Break Costs And Decide if it a Good Strategy

    For the past 12 years, interest rates (both mortgage and the Official Cash Rate) have been decreasing.  That means that almost everyone who has fixed their mortgage at some point…

    Read More

  • When to get your Accounts done

    If you happen to be a salary earner, proving your income is relatively easy.  As long as your Employer issues decent quality Payslips, you can provide the 3 most recent…

    Read More

  • The banks are currently overwhelmed by hardship applications as a result of the Level 4 lockdown for Covid-19.  In this article we look at what your options are and why…

    Read More

  • Bank Relief Packages and Mortgage Holidays

    Article current as of 1st April 2020 (no April Fools jokes are contained – all information accurate) With the recent announcements with bank relief packages and mortgage holidays, we are…

    Read More

  • 2 Bank Account Tips the bank will never tell you

    Banks are businesses and their goal is to make money and become the leading brand in the industry. This is the same goal as most other businesses and their reputation…

    Read More

  • 3 things to do now to prepare for a recession

    We are entering an unprecedented time.  The Reserve Bank has announced an Official Cash Rate drop of 0.75% leaving the cash rate at a historic low of 0.25%.  Most economists…

    Read More

  • How Does A Student Loan Affect A Mortgage Pre-Approval

    First home buyers are often nervous about the size of their Student Loan and how it will affect their chance of getting a mortgage.  But how much does it really…

    Read More

  • How does a Credit Card affect your mortgage?, bad debt

    Kiwis like Credit Cards… a lot.  If you’ve got 10 minutes, you could get one online right now (don’t).  And the price for easily-acquired, unsecured debt is usually ~20% p.a.…

    Read More

  • What does LVR mean?

    Think of the Loan to Value Ratio (LVR) like this:  What percentage of the house is covered by the mortgage…  Or, in other words, what percentage of the house does…

    Read More

  • First Home Grants and KiwiSaver

    First home buyers can often get tangled up in the pile of new concepts to learn.  In this article, we explore the basics of withdrawing your KiwiSaver and meeting the…

    Read More

  • 3 Thinks you can do to get ready for a mortgage

    Order your Credit Report It’s free to order your own Credit Report and is a great insight into what the bank will know about you. See what loans are recorded…

    Read More

  • Paying Down Your Mortgage or Savings Into KiwiSaver

    It’s a question we get asked a lot. If we have an extra amount of money in our salary, should we use the money to pay down our mortgage or…

    Read More

  • How to purchase an apartment

    Apartments are a very tempting purchase, especially for first-home buyers.  They tend to be lower cost and therefore much more within reach.  But there are a few things to be…

    Read More

  • 6 Tips for bidding at auction

    Auctions can be a little bit overwhelming.  They’re meant to be.  It’s why they result in higher prices for the Vendors.  To help ease the stress, here are 6 quick…

    Read More

  • Fixing your mortgage

    About 5 years ago, 80% of all mortgages were sitting on a floating rate. And with good reason. The interest rates were falling off a cliff. In a couple of…

    Read More

  • 5 Things To Know About Your Mortgage Pre-Approval Letter of Offer

    Good news! You’ve completed your application, handed over a mountain of paperwork (just kidding, our system is paperless) and now you’re pre-approved for your mortgage! After a phone call from…

    Read More

  • financial stability report, RBNZ, LVR, Economy

    The Reserve Bank of New Zealand has released it’s 6 monthly Financial Stability Report. Previous Financial Stability Report Almost exactly one year ago, on the 29th November 2017, the RBNZ announced…

    Read More

  • 4 Tips To Buying By Tender

    Recently we looked at some tips for bidding at an auction.  But what if the house you love is for sale by tender?  Tenders are much less time-pressured than auctions…

    Read More

  • Who is your property team?

    Surrounding yourself with property experts is not just a good idea; it’s absolutely necessary. And while it sounds expensive, you don’t have to go full-Thomas-Crown to get the advice you…

    Read More

  • The one bank trap and the several bank nightmare

    A common phrase in mortgage world is the “one bank trap”. It’s when you have all your lending with one bank which gives the policy makers at the bank all…

    Read More

  • The Bank Said No Credit Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • The Bank Said No Income Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • The Bank Said No Equity Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • What is a reverse mortgage?

    Retirees often find themselves in a difficult financial position.  Short on income but lots of equity, usually stored in their homes.  A typical mortgage top-up won’t work in this scenario. …

    Read More

  • What is bad debt?

    You may have heard the term “bad debt”. But what is it? Is all debt bad? Can bad debt become good debt? Order your bad debts In “The Successful First…

    Read More

  • App of the month - Mortgage Calculator

    We are very proud to announce the release of our Mortgage Lab Calculator on the iPhone App Store! With the focus on being simple to use, it has everything you…

    Read More

  • Your mortgage rate is 8%

    Repeat after me.“The interest rate I pay on my mortgage is 8%…”“The interest rate I pay on my mortgage is 8%…” No it’s not You’re right, it probably isn’t.  If…

    Read More

  • What is Price By Negotiation?

    Until recently, selling a house by Auction has been the most popular method of selling in Auckland.  It takes advantage of the excitement in the market and pits buyers directly…

    Read More

  • All About Conveyancing

    When you’re buying a house, there are a lot of things to think about.  One of the steps that is often a mystery for our clients is conveyancing; ie; what…

    Read More

  • Calculating The Interest On Your Progress-Payment Construction

    Calculating the amount of interest expected in a progress-payment contract on a newly built house can sometimes seem daunting.  In this article, we walk you through some easy calculations. Recently…

    Read More