NZ first home buyers over 80% are screwed

[brokerman]

Nothing to do with lenders, all to do with a government and reserve bank meddling and having 'unintended consequences'.

https://www.oneroof.co.nz/news/40503...2gICYwj5UbfCQg...

[Morrieaga]

Hi All,

I am wondering how others are getting on with negotiating commercial lending rates from the main banks at the moment.

I have a couple of small commercial properties (retail) with a combined LVR <50% and lease payments >2x interest payments, and whereas 4% rates...

[thefox001]

I need some help from the experts here please! At the moment I have 3 investment properties and a property that is my home. Each of these has some degree of lending associated with it. All are just owned in my name (no company/trust structures). Here is a rough summary of my position:

...

[Frezzinghot]

Despite a 20k increase from rent/salary income, BNZ have just declined our latest pre approval. 9 months ago we secured pre approval to 500k but did not buy anything, so we were unable to secure any lending with BNZ today! What is going on here, have they changed their current policy and debt to income...

[Anita]

Hello There


Rather unusual query.

One of my friends from old school ( not a class mate but known through many reliable contacts of my friends) asked for a loan for AUD 150,000 as they don't have enough deposit to buy the house they are going to bid in the range of...

[cb14]

Does anyone have experience using a commercial property for a bank loan that is less than 67% of the NBS? Are there banks that will take security over commercial property if the rating is say 50%?

[annette smither]

We are looking at purchasing our second property. Dream site, lovely home. Leaky however. Old owner has an open and accepted claim to fix of $210,000+ but we will not be able to make this claim as new owners (we have a copy of all documentation)

Questions:

Can we...

[holmc]

Hi Folks,

I visited my bank on Friday to discuss leveraging off my rental property to buy another.

High level info

• Purchase Price $620,000
• Purchase Equity $124,000
• Debt $496,000
• LVR 20%

I recently had it re-valued (by a bank approved valuer)...