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Important Notice RE: Fake E-Mail – Please Read

It has been brought to our attention that an email has been sent to several people claiming to be from Tony Mounce, subject: Outstanding Payments. We have passed the details on to our IT guys who have assured us there has been no hack into our servers or accounts.

Our IT provider has advised us this is what is called a spoof email. All emails come with details of the recipient and the sender, and the latter can be faked. It doesn’t mean our email account has been hacked; instead, someone is faking our email address.

Please don’t reply to or click on any links that ask you to give out personal or banking information. Legitimate organisations, whether public or private, will not send you e-mails like this.

If you have received this e-mail, please be assured this has not been sent from Tony Mounce Mortgages and simply delete the e-mail you received as it is likely to be a scam.

Kind Regards,
Tony & the team at Tony Mounce Mortgages & Insurance

How to Buy Your First Investment Property

 

HOW TO BUY YOUR FIRST INVESTMENT PROPERTY!

We all have dreams: why not make this one count?

We’re usive, practical and down-to-earth seminar to help you find out how on 6 September, in conjunction with Canterbury Property Investors’ Association.

Numbers are strictly limited. Open to everyone, and it’s FREE! Click here to register!

  

There are lots of dreams in life – make this one count! First job, first car, first kiss, first house. Once, they all seemed impossible, but one by one, they’ve become lifetime memories. What about your first investment property?

Canterbury Property Investors’ Association, in conjunction with Tony Mounce Mortgages, want to help you turn your property investment dream into a reality. We’re bringing together Canterbury’s top property investment minds to demystify it in a practical, down-to-earth FREE workshop.

Speakers:

  • Tony Mounce – Tony Mounce Mortgages & Insurance – Tony Mounce is household name when it comes to mortgages. He’ll talk about how to finance your first investment property and overcome obstacles.
  • Claire Wilson – A1 Property Management – Claire Wilson is a successful and experienced property investor with a large portfolio who will talk about getting started on the property ladder.

This is an exclusive event with limited numbers. Registrations are essential, as numbers are limited to 40. CPIA will advise you if you are wait-listed. 

 

 

 

Debt-to-Income – RBNZ

Debt-to-Income Restrictions

The Reserve Bank’s consultation paper, Serviceability Restrictions as a Potential Macroprudential Tool in New Zealand, states that restricting the debt-to-income (DTI) ratio of some mortgage borrowers could prevent approx. 10,000 borrowers from buying a house, reduce house sales volumes by approx. 9%, reduce house prices and credit growth by 2-5%, and shave around $260 million off NZ’s GDP.

Banks already impose their own debt-to-income (DTI) restrictions when processing applications. The Reserve Bank would be unnecessarily adding further restrictions making it harder for borrowers, including both property investors and owner-occupiers. According to RBNZ, this DTI tool would be in the form of a limit on the total debt of the borrower against their gross income, effectively placing a ‘speed-limit’ similar to the LVR restrictions already imposed on mortgage lending.

The banks’ DTI restrictions should be sufficient – the Reserve Bank instead should be lifting LVR restrictions, particularly in Christchurch where the market is stable. These ‘speed-limits’ are not needed in the Christchurch market. If you’re confused at where these changes could leave you in the future, contact us today to review your position and discuss your financial goals.

Read the full article from interest.co.nz here