KiwiSaver was designed as a retirement savings scheme, but for many Kiwis, it’s also become a crucial stepping stone onto the property ladder.
By refinancing, borrowers essentially replace their current mortgage with a new one, ideally with better terms that lead to long-term savings or improved financial flexibility.
Whether you’re a first home buyer or a homeowner looking to refinance, choosing the right mortgage structure is a key decision that can have long-term effects on your financial health.
Looking Back at 2024 Last year, Nelmare helped many first-time home buyers, whether they were purchasing an existing property or a new build, with just a 10% deposit.
Managing multiple debts with high-interest rates can feel overwhelming. From juggling credit card payments to personal loans, the financial strain can quickly add up.
Buying your first home is a significant milestone, representing independence, stability, and an investment in your future.
Refinancing a mortgage can be a strategic move for homeowners looking to optimise their financial situation.
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.
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…
Roharn Smith, an insurance adviser, tells us about a client who had implemented key man insurance for themselves as a vital member of their business.
July 1st brings mortgage industry changes: New DTI rules, LVR restriction easing, Bright-line test changes.
Here's an example of how bridging loans have helped our client acquire two new investment properties while navigating tight sale deadlines and Airbnb bookings without worrying about mortgage repayments.
OCR 5. 5 % - remains unchanged. First Home Grant is no longer available for applications. Increased activity among "movers".
Discover how Vega mortgage advisers assisted self-employed clients with our recent case studies.
CCCFA Changes: The government is implementing changes to the Credit Contracts and Consumer Finance Act (CCCFA) to simplify lending processes and enhance consumer protections.
Facing unexpected challenges, including a declined first home grant and a deposit shortfall of $10,000, our collaborative approach made all the difference.
With the cash rate remaining unchanged, the housing market is expected to maintain its current trajectory.
Banks need consistent competition to provide better outcomes for consumers.
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.
Weekly mortgage payments up from 2022. According to figures released by Stats NZ last week, average mortgage payments increased by 27.
Unemployment rate hits 4%. Migration trends shaping the workforce. Housing affordability challenges and more.
The key challenge in property development at the moment is no longer access to materials, nor even labour, but an absence of pre-sales in a market.
Want to learn more about what a KiwiSaver account is and why it’s worth joining?
It is a good idea to check your level of repayments and your interest rate from time to time.
Vega is a full service financial adviser business covering home mortgage lending, life insurance, wealth advisory and commercial & business lending.
Recent months have brought welcome relief, with the RBNZ cutting the OCR.
In case you’re diagnosed with a serious medical condition, a trauma cover takes care of your financial needs so that you can concentrate on what’s important – recovery. But what is trauma insurance, and why do you need this cover?
As an entrepreneur, you’ve probably suffered from business income loss due to unexpected events such as a fire, theft, flooding, or machinery breakdown. And we all know how difficult it can be for your business to recover from such a loss.
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.
We invited top economist Cameron Bagrie to give insights into the economic outlook in the NZ financial market: inflation, the OCR, interest rate and house price changes.
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. . .
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.
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.
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.
This week we get thoughts and insights into the economic outlook from top economist Cameron Bagrie.
Keep Calm & Carry on In this special episode of Market Intel we get some perspective and insights from leading economist Tony Alexander in the latest COIVD outbreak.
In this episode of Market Intel we interview Michelle Sharp, one of New Zealand's most recognised executives and currently the head of IoT for Vodafone NZ.
In this episode of Market Intel, we interview Colin Mansbridge the CEO of the Crusaders.
Established by ex-senior bankers, Vega Business was created to level the playing field. We believe human relationships need to be put back in the lending equation. By understanding a client’s unique circumstances, we can deliver high quality business lending solutions customised to their individual needs.
In this special episode of Market Intel we discuss with David Seymour the leader of the Act party on the current issues New Zealand face with COVID-19.
When you’ve decided you want a fixed or floating mortgage (or a mix of the two) or to refinance an existing loan, as ex-senior bankers, we can tell you the lay of the land with absolute authority.
This week of Market Intel is a special episode with economist, former leader of the Act Party and Dancing with stars celebrity Rodney Hide.
This week on Market Intel we interviewed top economist Cameron Bagrie on the budget and what it means for SME's. Cameron has been an economist for 20 years.
In this episode of Market Intel I discuss the Maori Business Economy which is estimated to be worth $50bn to our economy with Maori investment manager for NZTE TP Katene.
Vega provides a structured programme that gets to the heart of the underlying performance issues of businesses. Your business coach will help you clarify your priorities, stay focused, and get the important things done.
With the Official Cash Rate (OCR) fixed at 0. 25% for the next twelve months – the lowest OCR in history – it’s a good time to seriously consider your mortgage costs restructuring or refinancing your existing debt.
New Zealand SME owners tend not to invest in their own businesses, or they invest too late, which is not only bad for the business owner, it’s not helping the…
Malls, cafes, bars, barbers and schools to open under alert level 2Shops, barbers, bars and cafes can open under alert level 2, Prime Minister Jacinda Ardern says.
Was New Zealand ready for the ease out of total lockdown and into lighter level three restrictions?
Tony has spent three decades back in NZ since the 1980s writing more about the NZ economy than anyone else in NZ history, and in the past two decades has…
In this episode of Market Intel we sit down with Digital Marketing Specialist Sam Frost who is an independent consultant working with SME’s around their marketing strategies among other online…
In this episode of Market Intel we look at leadership and strategy and what this means for a SME business in the current market.
The OCR may have come down and money may be cheaper than it has ever been, but a jittery banking system that is struggling to access capital and the added overlay of significantly more scrutiny due to the Australian Financial Services Royal Commission and responsible lending legislation – may drive…
Former BNZ general manager small business and now managing director finance at OneHQ, Harry Ferreira (pictured), today urged SME owners to smarten up their business finances ahead of what will be difficult times
