Kris Pedersen Blog
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Why you should split banks to take advantage of the loan-to-value (LVR) rules
by Kris Pedersen 16 Jul 24While most of the attention recently around mortgage rule changes has concentrated on the implementation of the debt-to-income (DTI) rules, it is worth noting that on the same day this change came in (1 July 2024), the Reserve Bank also slightly relaxed the loan-to-value restrictions..
Read ArticleThe Reserve Bank (RBNZ) surprised at their recent Official Cash Rate review on the 29th of November with their adoption of a relatively hawkish tone and the suggestion that we may not have seen the end to cash rate increases. They increased their own projection for..
Read ArticleIf you're a New Zealand resident looking to invest in residential property, now may be the perfect time to do so. Several key factors are converging to create a favourable environment for property investment, including dropping inflation rates, mortgage interest rates looking to have peaked,..
Read ArticleIf you keep an eye on the media, you will have noticed over the Christmas break and into January a plethora of articles referring to the CCCFA. The Credit Contracts and Consumer Finance Act was initially brought in back in 2005, but all the recent..
Read ArticleThe next few months could see a shock to some Kiwi households’ budgets, as around 60% of existing mortgages are having their fixed rates expire within 12 months. Interest rate increasesThis time last year, a large number of borrowers were fixing on the 12-month rate because..
Read ArticleAs little as a month ago, many economists were predicting that it would be mid to late 2022 before we see the Reserve Bank raise the Official Cash Rate (OCR). This situation has rapidly changed with the market now pricing in a 90% chance that..
Read ArticleBack in May I wrote that the Reserve Bank had removed the loan-to-value restrictions, which they stated would be for a 12-month period. At the time, this made sense with Government, Treasury and most economists' predictions being in line with double digit decreases in house..
Read ArticleIn big news for property investors, on 30 April 2020 the Reserve Bank (RBNZ) confirmed that they were removing the loan-to-value restrictions that had been in place in one form or another since October 2013. Back then, the RBNZ decided to introduce different tools rather than..
Read ArticleOver the last few years it has become harder for property investors and developers to obtain the funding they need. In spite of low interest rates, some good opportunities in the property market and a high demand for new housing (especially in Auckland), it has..
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