Caught short, was away to Auckland yesterday and have just remembered newsletter is to go out tonight so this will be a very short introduction.

Key things at present, very low interest rates, to see rates at 3.55% is just unheard of and really no sign of increase in the short term with much speculation of further small reductions. Most clients are taking the advantage of rates that are at least 1% lower than existing maturing rates. They are leaving repayments as they currently are which means they are significantly shortening the term of their mortgage. Remember 1% on $100,000 is $1,000 per annum. To have that coming off principal ion massive.

The other key issue to raise is the advent of new lenders into the market. We are seeing a number of new entrants coming from Australia aimed at specialised spaces. From what we are seeing these are providing great solutions in development finance, second tier lending and business lending. If you have any queries or what to have a chat about options let us know.

And finally, I can’t close without giving a huge pat on the back to New Zealand Ice Blacks. To beat Australia 2-1 in the trans-Tasman series at Winter Games was massive, well done boys.

If Michelle or I can help in any way don’t hesitate to contact us.

Cheers

Charlie & Michelle

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