Debt to income restrictions

More than 10,000 house hunters could have their hopes of getting a mortgage dashed if the Reserve Bank were to deploy the debt to income restrictions it is currently seeking to add to its regulatory powers. In a consultation document released today the RBNZ suggests that limiting lending at a debt ratio of five times

Buy your first home with friends or family

Getting into your first home is not easy. How about thinking outside the square to get on the property ladder and join forces with friends and family. I did this myself did this 10 years ago, faced with the same conflict most first home buyers experience I could not afford a reasonable home. I realised that better value would

How to make your first home deposit go further

How can you make your first home Deposit go further? The best source of information for first home buyers is the Housing New Zealand website: www.hnzc.co.nz/buying-a-house This web site covers the Welcome Home Loan and the current Kiwisaver Benefits that can boost your deposit. You can also find Kiwisaver information here, the first home savings withdrawal