Some insurance is better than no insurance but if you're going to buy this stuff then you'll want value, right? Thought so. Problem #1 Bank insurance is almost always pretty damn easy to get. Decide what you want and fill in a short form, job … Read more
Archives for September 2013
September 23, 2013 By
ASB pull the plug on high LVR preapprovals
5pm 23 Sept 2013 Earlier today we were notified that ASB intend to pull the plug on all high LVR preapprovals on Friday October 4th. What? The news came out of left field for us too. At this point in time I can only speculate as to why … Read more
September 23, 2013 By
A new environment for the low deposit borrower
Regular readers will know I’m part of the chorus of discontent about LVR restrictions being a poor instrument to use in cooling down the housing market. That’s because I believe using a demand side solution (ie an LVR speed limit) to fix what I … Read more
September 4, 2013 By
August was a sledgehammer month.
August was a sledgehammer of a month for the mortgage market. The much vaunted “Macro Prudential” rules the Reserve Bank have been making noises about, were finally announced. Whether or not they do anything to address the rising Auckland property … Read more
