Guide to buying an apartment

When buying an apartment, it’s likely to be one of the largest purchases you will ever make. You’ll will need to talk to your Mortgage Adviser, Lawyer, Valuer, Property Inspector and deal with the Real Estate Agent.

 

Mortgage repayment options

A mortgage is essentially an obligation to repay a debt, with the property purchased being the collateral or security on which the loan is obtained. Mortgages are either interest-only, principal and interest, with either fixed or variable interest rate options

Finding the right house

When buying a house, it’s likely to be one of the largest purchases you will ever make. You’ll will need to talk to your Mortgage Adviser, Lawyer, Valuer, Property Inspector and deal with the Real Estate Agent.

How much can you afford for a new home

Generally, you’ll need a minimum deposit of 5% of the purchase price. If you have 20% or more as a deposit, that’s even better, as the mortgage lender won’t normally require mortgage insurance to guarantee your loan.
The larger your deposit, the less you’ll actually have to borrow and subsequently repay.
If investing however rather than buying your own home your borrowing arrangements may be completely the opposite; 40% deposit, interest only mortgage. Plan appropriately in conjunction with your adviser

How do I submit an offer on a house?

When buying a home it is important to remain rational and to do your homework. A house is worth the maximum that someone is prepared to pay for it. The more information you have, the better position you will be in to make the right decision.

Pay off your mortgage FASTER

Are you haunted by the thought of a 30 year mortgage? 

We've brought in Mark Stone from New Zealand Home Loans to discuss...

Should I pay off my mortgage sooner than the term?

We often meet clients who feel overwhelmed by their sudden debt associated with obtaining a mortgage and the desire to pay it off as soon as possible can be intense.

What is refinancing (a mortgage)?

Refinancing a mortgage, simply, is taking the loan you hold with one lender and moving it to another lender.

My 2011 house failed the Wellington Rental WOF

When the Wellington City Councillors unanimously approved the voluntary Warrant of Fitness (WOF) for rental properties, I believe they had good intentions. In yesterday’s Dom Post (Wednesday 18th Oct 2017), a story reported that only two landlords have taken up on the offer to apply for a rental Warrant of Fitness inspection.

Get the best rates - let us fight for you

How to buy a house the right way.

Talk to an expert

Buying a house & getting a mortgage can be overwhelming right? Our expert mortgage team are here to offer you genuine, professional advice and help make the process easier.

Our Advisors

View All