Self-employed home loans in New Zealand: what lenders are actually looking at
In this article How New Zealand banks assess self-employed income Add-backs explained: the expenses lenders will add to your income Documents you need for a self-employed mortgage in NZ When one year of financials is enough What actually caps your borrowing Frequently asked questions How New Zealand banks assess self-employed income A salaried applicant hands […]
New Granny Flat Rules
We’re sure that there are a lot of Kiwis that are happy to know that new granny flat rules will mean that you will be able to build a granny flat up to 70m² without needing a building or resource consent. That means: The Government have announced that work is underway to enable small standalone […]
What To Do If The Bank Says “NO”
Unfortunately hearing the bank say “NO” to a mortgage application is becoming more common these days, particularly for First Home Buyers and Self Employed borrowers. They can decline your application which will make no sense to you, especially if you were expecting an approval. So what to do if the bank does say “NO”? We […]
Low Doc Home Loans For Self Employed
New Zealand has a large number of self employed people and small business owners whom find it difficult to meet the banks criteria when it comes to proving income. That’s the main reason some of the non-bank lenders have created low doc home loans. The problem is many self-employed people will talk to their bank […]