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Overseas income buyer or Property investment developer?

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Insurance

Whether you need to cover your income, protect your mortgage, or ensure ongoing financial security in the case of illness we’ll help you understand how you can cost effectively cover your risks.

News

Title: Rising Auckland house prices weigh on NZ lenders

Date: 2015-08-28

Body:

New Zealand's lenders face increased risks from the persistent strength of Auckland's property market, which hasn't slowed down as much as anticipated in spite of the Reserve Bank's efforts, says global credit rating agency Standard & Poor's.
The country's four biggest banks - ANZ Bank New Zealand, ASB Bank, Bank of New Zealand, and Westpac New Zealand - have had their stand-alone credit profiles dropped a notch by S&P, which said the rapid rise in Auckland house prices has amplified the risk of a sharp correction, even if such an event remains unlikely.
"We believe that if a sharp fall in house prices in Auckland were to occur,...

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Title: Personal finance: The trick of DIY life insurance

Date: 2015-08-26

Body:

Countdown and The Warehouse sell life insurance these days.Neither is an insurer.As with most of the stuff on their shelves, they are resellers of somebody else's wares.
But while you can ask for help in choosing a jam, or finding the Lego, you can't just ask the nice lady at the customer service counter to tell you how much life insurance you need.Unless you go to an insurance adviser (a sensible move), you have to work it out yourself.That's tricky, but not impossible.To do so, you must consider who is dependent on you, and the position you wish to leave them in should you be snatched from them by death.
Dependents: A single man with no kids probably needs...

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Title: Auckland house buyers look south as BNZ tightens investor rule restrictions

Date: 2015-08-21

Body:

Auckland's blistering house prices could soon be exported to the cities of Hamilton, Tauranga and Whangerei, mortgage brokers fear.This week, BNZ will be the last of the big Aussie banks to introduce tough lending rules for investors which are designed to curb house price frenzy.Rivals, ASB, ANZ and Westpac have already cut back on lending to investors with less than 30 per cent deposits, or security, for properties.

BNZ says it will follow suit on Friday August 14.The deadline for bringing in loan to value (LVR) restrictions on investors is supposed to be October 1.But the Auckland housing market is so hot that the Reserve Bank has made no secret of its desire for...

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