Officially speaking, a mortgage adviser acts as an intermediary who brokers loans on behalf of individuals or businesses. A good mortgage adviser is much more than that. adviceHQ looks at your current situation and future aspirations to determine the best way forward. Independent financial advice that suits you, not the bank.

The terms are used interchangeably but an adviser captures the true essence of the service, advice. Our job is to offer you advice and guidance to ensure you get the right mortgage for your situation.

Put simply, mortgage advisers work for you, not the bank. We represent a large range of big banks, regional banks, second tier lenders and asset lenders so we can provide you the best solution.

The service includes:

• Professional advice from a Registered Financial Adviser and Chartered Accountant

• Independent advice – we work for you, not the bank

• Competitive interest rates and incentives not available to the public

• Service beyond the settlement of your loan

There are numerous calculators online which all give similar but differing results. adviceHQ does things differently by looking at your current situation and future aspirations so we can establish how much you can really borrow and what your repayments will be.

Typically 20% for owner occupiers and 30% for investors BUT there are exemptions for first home buyers, new builds, remediation work, refinances and bridging finance. You may also be eligible for a KiwiSaver withdrawal, KiwiSaver Homestart grant or a Welcome Home Loan.. Have a chat with us, and we can explore all of the options available for your deposit.

You need to meet the qualifying criteria which includes being a contributing member of KiwiSaver for a minimum of three years. Note: KiwiSaver withdrawals take at least four weeks so you will need to build time into your finance/settlement dates.

Sure, as long as you meet the qualifying criteria which includes being a contributing member of KiwiSaver for a minimum of three years, 18 years or above, and meet the income caps:

• $85,000 or less (before tax) in the last 12 months for a single buyer

• $130,000 or less (before tax) in the last 12 months for two or more buyers

The purchase price of the property must be within the regional house price caps:

Auckland, Queenstown, Lakes District House

• Existing/older properties $600,000

• New properties $650,000

• 
  

Hamilton City, Tauranga City, Western Bay of Plenty District, Kapiti Coast District, Porirua City, Upper Hutt City, Hutt City, Wellington City, Tasman District, Nelson City, Waimakariri District Christchurch City, Selwyn District

• Existing/older properties $500,000

• New properties $550,000

Rest of New Zealand

• Existing/older properties $400,000

• New properties $500,000

Existing homes:

• 3 years of contributing = $3,000 (min)

• 4 years of contributing = $4,000

• 5 years of contributing = $5,000 (max)

New homes:

• 3 years of contributing = $6,000 (min)

• 4 years of contributing = $8,000

• 5 years of contributing = $10,000 (max)

A Welcome Home Loan helps people with modest incomes, who have insufficient deposit to meet the standard 20% requirement, by providing access to a loan with only a 10% deposit requirement. Housing New Zealand is not the lender but provides lenders mortgage insurance to participating banks, building societies and other lending institutions.

We are happy to answer any questions you have and guide you through the mortgage process, every step of the way. For a little more info, you can check out some of these resources as well.

• www.trademe.co.nz/property

• www.realestate.co.nz

• www.reinz.co.nz

• www.aucklandcouncil.govt.nz/property-rates-valuations

• www.rbnz.govt.nz/education/at-a-glance-series/lvr-restrictions-at-a-glance

• www.kiwisaver.govt.nz

• www.hud.govt.nz/residential-housing/kiwibuild

• www.creditsimple.co.nz

• www.mycreditfile.co.nz

• www.checkyourcredit.co.nz