Loan Market- Supporting Better Investment Decisions
A significant point of difference from our competitors, and one where Ray White provides real financial benefit to its investor clients, is through our sister company, Loan Market.
Loan Market is New Zealand’ s largest mortgage advice company, with more than 165 advisors settling over $ 6 Billion in mortgages per annum, using the banks and lenders you know and trust.
Loan Market can provide landlords with expert advice on debt structures to ensure you’ re maximising the benefits of any investment lending, and help you obtain the very best finance terms available in the market. Utilising a Loan Market advisor can not only help you secure the best rates, but also remove much of the stress associated with arranging finance.
The benefits of Loan Market extend far further than assisting clients with their more traditional services and products such as home loans, refinancing, investment loans, land and construction loans, and bridging loans. In the ever-increasingly regulated lending space, seeking the right professional advice can help save you thousands, and this is where Loan Market can help.
There are many lending components that can impact an investor more significantly than an occupier-owner, and having the right advice on these issues can be crucial.
INTEREST RELIEF
Every investor’ s circumstances are unique, and these can often change- particularly where we may be operating in a high-interest environment or where a landlord’ s servicing capacity has been impacted. Some may be unaware of their abilities to seek short-term relief through a change in structure to interest-only lending, or even a change in their current mortgage term. A Loan Market advisor can quickly understand your position and often provide solutions to help make things more manageable or simply provide you with more options.
Our Loan Market advisers can talk you through it, and help you understand how to prepare for any finance application and increase your chances of being successful.
DEBT TO INCOME RATIOS
Most banks have introduced Debt to Income( DTI) ratios, setting borrowing limits tied to the borrower’ s income, severely impacting the amount of money you’ re able to borrow. Even investors who previously had no problem being approved have been caught out – and there’ s an awful lot for borrowers to get their heads around. The Loan Market team can help you understand your borrowing capacity through traditional lenders, but also the more flexible, and still secure, non-bank lending options.
LOAN TO VALUE RESTRICTIONS
LVR restrictions can limit a landlord’ s ability to grow their portfolio, however, exemptions do apply in some situations, such as purchasing a new build investment property. Loan Market can assist you in how to best leverage your current position, or how to plan for the growth of your portfolio working within the current restrictions.
To find out how Loan Market can help you achieve your financial goals, or if you simply feel it’ s time to seek professional advice and make the most of your investment portfolio, speak to one of our Ray White property managers, or visit loanmarket. co. nz
The Credit Contracts and Consumer Finance Act The CCCFA legislation places a duty on all lenders to scrutinise applicants’ financial histories much more intensely. This means a landlord’ s financial activity can come under intense scrutiny: credit cards, personal loans, hire purchase agreements, and debts can all harm your application.
18 TENANT INFORMATION GUIDE