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MORTGAGES

Mortgage brokers suggest getting a pre-approval first, setting a price limit and structuring the mortgage around needs.
Mortgages

Home-buyers: Three tips to avoid becoming a slave to the mortgage

Mortgage brokers suggest getting a pre-approval first, setting a price limit and structuring the mortgage to suit needs.

A Tony Alexander mortgage adviser survey for May shows less enquiry from first home-buyers.
Mortgages

More first-home buyers pulling away from property, but investor enquiries bounce back

"I think most of the investors and the first home-buyers are in a 'wait and see' pattern."

The monthly credit report from Centrix shows the number of borrowers in financial hardship reached 11,900 in April.
Mortgages

Mortgages in financial hardship up 10 percent in April, tipped to rise over coming months - credit report

The number of borrowers in financial hardship reached 11,900 in April.

Squirrel is introducing a new mortgage product offering first-home buyers with higher incomes borrowing of up to 95 percent.
Mortgages

New mortgage product caters for first-home buyers with deposits as low as 5 percent

First-home buyers can borrow with a 5 percent deposit.

ASB bank confirmed on Wednesday it will consider investor loan applications for new builds where equity is less than 40 percent (LVR over 60 percent).
Mortgages

Major bank revokes decision to clamp down on investor lending for new builds

New builds are exempt from loan-to-value ratio (LVR) restrictions.

A leading economist says he doesn't expect large falls in interest rates - but short-term fixed rates could get slightly cheaper.
Mortgages

Fix, float or both: Expert tips for borrowers wanting to take advantage of cheap mortgage rates

Mortgage rate options for new borrowers and those with fixed interest rates about to expire.

Subject to final consultation, LVR limits will restrict high-risk lending, particularly to property investors
Mortgages

Loan-to-value restrictions back in from March - Reserve Bank

Subject to final consultation, LVR limits will restrict high-risk lending, particularly to property investors
Latest Reserve Bank mortgage lending figures show Kiwis borrowed $7.3 billion in September, up 32.8 percent on last year.
Mortgages

'Housing market on steroids:' Mortgage lending hits record high of $7.3 billion in September

Latest Reserve Bank figures show mortgage lending is up 32.8 percent on last year.

Related video: Finance Minister Grant Robertson spoke to media in March. Credits: Video - Newshub, Image - Getty.
Mortgages

'If you can afford it, repay': Extending mortgage holiday will add cost, expert warns

How a 6-month holiday on a $600,000 loan could cost up to $6000 more.