Media | Vega Lend

The First Home Grant Has Ended: What Other Support Options Are Available?

The First Home Grant was a vital resource for many aspiring homeowners, providing financial assistance to first-time buyers looking to secure their own properties.

How Much Can You Save by Refinancing Your Home Loan?

Refinancing your home loan can be a powerful financial move, but what does it really mean? At its core, refinancing involves replacing your current mortgage with a new one, often…

Vega Market Update - May 2024

OCR 5. 5 % - remains unchanged. First Home Grant is no longer available for applications. Increased activity among "movers".

Vega Market Update - April 2024 part 2

CCCFA Changes: The government is implementing changes to the Credit Contracts and Consumer Finance Act (CCCFA) to simplify lending processes and enhance consumer protections.

Vega Mortgages case study: First home grant declined at the last minute

Facing unexpected challenges, including a declined first home grant and a deposit shortfall of $10,000, our collaborative approach made all the difference.

RBNZ keeps the OCR unchanged at 5.5%

With the cash rate remaining unchanged, the housing market is expected to maintain its current trajectory.

Vega Mortgages case study: Single mum buys off the plan house

The client, a solo mother with a stable income and a substantial inheritance, wanted to buy an off-the-plan house with a fixed-price contract.

Lenders require more pre-sales

Interest Rates for development funding are undoubtedly creeping upwards, with an annualised cost of funds in the 12- 15% range for most – up from the 10% - 12% range…

What is KiwiSaver

Want to learn more about what a KiwiSaver account is and why it’s worth joining?

Refinancing your mortgage

It is a good idea to check your level of repayments and your interest rate from time to time.

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Thoughts on Commercial Lending | July 2022

The biggest challenge for many developers now is presales – with FOMO no longer in play and increasing availability of complete or nearly complete stock for purchasers, this is a significant challenge.

New players in the lending market

Whilst the development funding market remains tight, with many of the leading players at full lending capacity, we are seeing the emergence of new players attracted by the increasing returns available.

End-to-end solution for property developers

Whether you are buying business premises, building an investment property portfolio, doing property development, or wanting to refinance a current commercial property, it pays to work with a Vega Commercial lending specialist. . .

Commercial Lending: March 2022

Applying for commercial loans is becoming increasingly more frustrating for clients as our economic environment tightens and the banks demonstrate an increasingly reluctant attitude to support even their established customers.

Residential Development Update: February 2022

The focus of activity continues to be residential development, from small scale infill to large scale residential super lot development, with projects valuing from $1m to well over $50m.

Covid-19: The impacts of the latest lockdowns on development finance

We’re now in our fifth lockdown, the third for 2021 and while the rest of New Zealand is at Delta 2. 0, Auckland still awaits a lifting of restrictions. Thankfully how the financial industry is responding to lockdowns has changed dramatically since last year’s approach.

Updates

Stay up to date about Vega in the media along with our news and views on the financial industry.

The First Home Grant Has Ended: What Other Support Options Are Available?

How Much Can You Save by Refinancing Your Home Loan?

Vega Market Update - May 2024

Vega Market Update - April 2024 part 2

Vega Mortgages case study: First home grant declined at the last minute

RBNZ keeps the OCR unchanged at 5.5%

Vega Mortgages case study: Single mum buys off the plan house

Lenders require more pre-sales

What is KiwiSaver

Refinancing your mortgage

Thoughts on Commercial Lending | July 2022

New players in the lending market

End-to-end solution for property developers

Commercial Lending: March 2022

Residential Development Update: February 2022

Covid-19: The impacts of the latest lockdowns on development finance