Currently I have a property in joint tenant with a family member and a mortgage in joint names, unfortunately she passed away and upon reading the bank policy, I can only takeover the mortgage if I reapply for the mortgage in my own name.
Is there a way around this? The problem is I am...
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Mortgage when one borrower has passed away
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OCR just put up 0.5%. April 2022
Mr Orr just bumped the OCR up a huge 0.5%.
Honestly, I was expecting him to do as little as possible, for as long as possible.
Who's coming off fixed, and how will this change your disposable income.
...Last edited by McDuck; 14-04-2022, 02:36 AM.
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Would you be able to part PPOR contract across 2 banks with no other property?
Because of how our "Trust" bubble is set up, we have 1 property outside of it, our PPOR.
Simply an overall inquiry in any case, remarks on Blogs talk about possibly having the option to divide contracts assuming you have 2 properties (which to me is having various moneylenders)....
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Selling off Plans
I own a unit in a building to be demolished and rebuilt. The build costs exceed the current CV, so would lose everything if I sold before rebuilding started. If I wait until the building is rebuilt the bank will force me to sell and I will lose everything.
Have you sold off the plans within...
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Non Banks in New Zealand
A lot of noise around non bank lending at present as the banks are forced to delve deeper into our financial lives before making any decisions.
As an Adviser who specialises in this space I thought an update on this type of lending might be helpful.
Non bank used to come under...
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Our funds sitting in the bank as FD ......Need Help
One of our friends ( professional medic) requested help to fund their purchase of a commercial unit.
The bank approved 300K but later put a condition that the unit should be owner occupied only and can not rent. Friend is bound to stay at present unit for another 2 yrs .
They asked us if...
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the tightening screws
3 months ago, we were offered over 900k for an investment, then when we asked for a 27k top up for a personal matter the banks said if we borrowed the 27k the other lending was not available. Go figure!
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Obtaining lending for house with unconsented kitchenette
Hi there,
We are interested to bid on a house at auction next wed however we are struggling to get finance.
We are fine from a servicing and security point of view but the bank is not happy with a clause in the sale and purchase agreement that declares an unconsented kitchenette...
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Tax deduction for residential with business use
Hi everyone,
Wonder if someone comes across this and can give some advice:
I have a residential tenant who uses part of the property (garage) as a storage space for their material and gear for their private business.
So my questions are:- Can I consider the interest
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China bank
I am looking to refinance with The bank of china for our home loan. Anyone use them? Good experience with them?Last edited by Frezzinghot; 11-07-2021, 11:40 AM.
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Finance Q for Brokers - Townhouses on One Title
Hi Team,
Banks dont seem to like my 6 town houses on one title.
Why is that a problem.
If they were all cross lease and units 1/6 through to 6/6 then they seem to like it as security.
It seems to cause shock in their credit teams, at the thought of using it as security....
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Should I even pay off mortgage completely?
Hi everyone.
I currently have a modest amount of mortgage left to pay (Below 6 figures) - I currently live in my house with a border but have used it as a rental in the past when I’ve lived overseas and that may happen again in the future one day.
What I would like to know...
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ASB Business Relationship Managers what do they do?
Is there any benefit to be under ASB's business sector?
We hardly have any contact with them.
We have had only 1 contact by mail to remind the renewal of mortgage rates.
Renewal of the rates have been done by on line.
The reason why I am asking is that they...
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Stuck in the grind of working to get to early retirement
So my wife and I have our own home now, two daughters under 2 years old and a rental property, kiwisavers ticking along and index funds building up each month we get our paycheck.
Mortgages getting paid down, index funds going up (albeit zig zagging) and working out calaculations we have...