Drashtie Pattel - Personal Assistant Rachna Dave - 0800 Rachna

25/12/2022

12/11/2022

Frequently Asked Questions – 6

The property market is currently observed to be in the buyer’s favour. House prices are currently lower and most of the properties are sold by negotiation or asking price- hence it in favour of buyers.

Whereas, if the properties were sold under the auction with multiple bidders, it would probably indicate seller’s market.

Is this the right time to buy a property with an increasing interest rate and an uncertain market situation?

No one has a crystal ball to predict whether house prices will increase or decrease in future. However, if the interest rates were to further increase that may potentially decrease your borrowing capacity. Further changes to lending criteria may also impact on reduced limit of borrowing capacity. If you are ready to buy a house, you should not wait in uncertainty of house prices

You should take advantage of this buyer’s market and secure your first home at the earliest.

0800 Rachna - Award Winning Mortgage Adviser

30/10/2022

Often people wait for their residency approval to take their first step on the property ladder. Nevertheless, they can use this time by preparing themselves for their next big move (buying their first home).

A mortgage adviser can guide you in the right direction. This can ease your home-buying journey and sharper the process.

Book your no obligation free consultation today with multiple awards-winning mortgage adviser by calling Drashti on (022 328 0795) from Team 0800RACHNA.

0800 Rachna - Award Winning Mortgage Adviser

23/10/2022

Team 0800RACHNA 0800 Rachna - Award Winning Mortgage Adviser wishes you very a happy Diwali 🎉

Team 0800RACHNA wishes you a very Happy Diwali..may this festive season bring you abundance joy, happiness, peace , good health ,wealth and prosperity

22/09/2022

Yes, you have read it right! You can be eligible to get discounted interest rate. This offer is available on newly built properties.

Is increasing interest rates interrupting your dream of owning a property? If yes, why not make profitable use of this offer? We can help you achieve your goals - How??

Call today Drashti on +64 22 328 0795 from Team 0800RACHNA for a friendly chat.



0800 Rachna - Award Winning Mortgage Adviser

08/09/2022

The good news is, YESSSS it is possible to buy your first home when you are on a work visa if you meet follow:

i) governments requirements to work or live in New Zealand as a skilled migrant
ii) banks or lenders' mortgage requirements

Banks normally classify mortgage applications into 3 categories based on visas:
i) permanent resident visa holder
ii) resident visa holder
iii) work permit

When you are on a work permit, banks require at least a 20% deposit of the purchase price. The criteria may differ from bank to bank and it changes on time-to-time.

Call Drashti on 022 328 0795 from Team 0800RACHNA for a friendly chat today.

0800 Rachna - Award Winning Mortgage Adviser

23/08/2022

Thinking of buying your first home in New Zealand?

Contact Drashti from Team 0800RACHNA for a free friendly discussion today.

We guide you with our 6-step cycle for buying your first home to suit your needs and borrowing capacity.

12/08/2022

If buying newly built property, first home buyers can request banks for pre-approval.

What is pre-approval?

A pre-approval is a confirmation letter from the bank given to the borrower validating an amount borrower can get as a loan, subject to certain conditions being satisfied. Often the term ‘Conditional Offer Letter’ is used for pre-approval, which means the letter of approval with subject to certain conditions to be met.

Pre-approval is free and no obligation to draw down with following advantages:

- Buyers know their borrowing capacity so that they can confidently search for houses
- With valid pre-approval, buyers can better negotiate the deal
- One can prepare their future budget based on their mortgage repayments
- It can speed up the process of house hunting
- Pre-approvals are mostly valid for 90 days

To get pre-approval, take a free consultation from us today to know your borrowing capacity appropriate to your situation.

Our expertise is to give you friendly advice and shop the best deals for you based on your goal.

To discuss more, call Drashti on 022 328 0795 from Team 0800RACHNA.

0800 Rachna - Award Winning Mortgage Adviser
Drashti Patel

08/08/2022

Low deposit loans are still possible, if buying New Build.

This means first home buyers can buy their home with 10% deposit if they are buying new build homes, as per RBNZ requirements.
What is new build?

New build is a property under construction whose title and CCC (Code of Compliance Certificate) are yet to be issued. Often the term ‘turnkey project’ is used for new build properties. Turnkey project is one type of new build. Turnkey project represents property which is expected to be completed within 12 months of construction.

Want to know more? Call Drashti (022 328 0795) from team 0800RACHNA for a free friendly discussion.

0800 Rachna - Award Winning Mortgage Adviser Drashti Patel

05/08/2022

Introducing team 0800RACHNA 0800 Rachna - Award Winning Mortgage Adviser