October 30, 2018

Some of the large insurance companies have signalled their intention to change the way they calculate property insurance premiums. Instead of “cross-subsidisation” of premiums based on risk across the country, future insurance premiums will be based on where the risk is actually located.

New Zealand has a wide range of risk profiles and places.  For instan...

October 30, 2018

There has been a lot of talk in recent times regarding the Government’s KiwiBuild initiative and with some upcoming developments we thought it would be timely to provide an overview of the KiwiBuild eligibility and process.

Who is eligible?

KiwiBuild homes are for aspiring first home owner-occupiers. To be eligible you must:

  • Be a New Zealand citizen or p...

October 30, 2018

Buying your first home is a huge achievement and milestone in life!  While it’s an exciting time, moving into home ownership and saying goodbye to (sometimes) pesky flatmates, it also heralds the start of a new phase in your life with increased financial responsibilities, which can be daunting.  If you have people in your life that depend on you financial...

July 3, 2018

Buying your first home can seem like a daunting task. Before purchasing a home or even starting the process, you are bombarded with news articles about how homes are unaffordable and how long it might take to save a deposit.  Not to mention the advice you receive from well-meaning family and/or friends who are not always best placed to offer such advice.

W...

July 3, 2018

It seems that there are a lot of aspiring and existing homeowners who don’t realise the potential benefits of engaging a Mortgage Adviser. Many bank customers think that approaching their current bank will provide them with the best outcome, without realising that there might be better options available to them. To provide some insight into what we do eve...

July 2, 2018

The team at Sovereign has provided some interesting insights into insurance claims over the past year. We think it’s much more than just an interesting read, it’s a good reminder about the need to protect yourself and your family against the financial impacts of death, illness and disability. Len Elikhas, Chief Officer Product & Marketing at Sovereign pro...

February 27, 2018

In November 2017, Auckland Council released its latest ‘Rateable Valuations’ (RVs). There were a number of news articles published on this release, as it was reported that values across the Auckland region increased by an average of 45% (since the previous RVs, 3 years prior).

RVs (all over New Zealand) are intended to be a snapshot of the estimated market...

February 27, 2018

Borrowers often want to repay or consolidate their short-term debts by increasing their mortgage finance. In theory, this sounds like a great idea. You get to roll all your debts into one loan / payment / facility, most likely reduce the interest rate charged and maybe even reduce your minimum instalments, which will have a positive effect on your cashflo...

February 27, 2018

It seems to be becoming increasingly more common to see articles and commentaries from a range of sources that suggest that homes are unaffordable. We are concerned that some readers / listeners might abandon their goal of home ownership without making sufficient enquiry as to whether it is unaffordable for them.

The simple reality is that there are many...

February 23, 2018

Most of us know the importance of insuring our houses, contents, cars and even our health. But surprisingly, many of us don’t place that same value on what is arguably our greatest asset – our ability to earn an income.

That's where income protection cover comes in. If you are unable to work for an extended period of time income protection provides a stead...

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