When buying or re-financing a property the finance is only one part of the equation. It's important to know about the other parts and how they can help you borrow money safely.
Insurance
10 reasons to get life insurance...and hold on to it
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People insure their car, furniture, luggage and even their pets - but often neglect to insure their hard-earned lifestyle. Left uninsured, which would be the greatest loss?
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Read on ...
Legals
For most transactions you need a lawyer, not only for the property work but also to advise on Wills, Trusts and perhaps Family loan agreements. If you are based North Shore, Henderson, Orewa or Kumeu districts, have the lawyer come to you. Fixed fee mobile conveyancing from Jessie Foley means no time off work and she will visit you at home in the evenings too.
To find out more email jessie.foley@fortunemanning.co.nz
House Inspections
Generally there is no requirement for any inpection to be made when buying a house. Amazingly most people do not have the property they are buying professionally inspected even though the 'leaky home' situation is huge and property is still being built that will leak! The only true method of finding out whether or not a property is leaking is to have a 'thermal imaging' report done. This is really important when the house you are looking at is under 20 years old and is clad, rather than brick.
Have a look here www.consumerbuild.org.nz/publish/leaky/leaky-background.php to see what we mean
Pension Transfers
For those who have moved to New Zealand from the UK or for New Zealanders who have spent time in the UK and are now home, Pension Transfers offer a way of unlocking funds held in UK Funds. Our resident Pension Transfer expert Tony is only an email away from giving professional advice.
Read on...
Trusts
Primarily Trusts are created to protect assets and have been around for over 400 years. This is a very complex area and the IRD are looking closely at Trusts to make sure they were created properly and being run correctly. See here for a full article.
