The amount of non-performing mortgage loans had its biggest drop in nearly five years in July. Latest monthly loans by asset quality figures from the Reserve Bank (RBNZ) show that the amount of mortgage money classified by the banks as non-performing fell by $55 million in July to $2.402 billion. This is the biggest fall
FIRST-TIME buyers are to get a “leg up” onto the housing ladder under plans announced by the Chancellor. Rachel Reeves has set out sweeping changes for those looking to buy a house. 1 Chancellor Rachel Reeves is expected to announce changes for home buyers todayCredit: AFP This includes a new permanent mortgage guarantee scheme, which
MORTGAGE experts have weighed in on whether you should take a mortgage break if you’re struggling to pay your bills. This is a type of agreement between you and your lender where you temporarily pause or reduce your payments. 1 We explain the pros and cons of asking for a mortgage breakCredit: Getty If you
A MORTGAGE scheme that is helping first-time buyers get on the ladder is set to end within weeks. The mortgage guarantee scheme enables buyers to get a home with just a 5% deposit. 1 The mortgage guarantee scheme has helped 53,000 home buyers get on the ladderCredit: Alamy It can be used to buy any
PAYING a mortgage off early might seem like a pipe dream for most people. It’s typically the largest debt you’ll ever have, taking decades to pay off. 2 Pay your mortgage off early on an average wageCredit: Alamy But it is possible to make that dream a reality, even on an average wage. Monthly mortgage