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Plaxo Mortgages

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Plaxo Mortgages

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Helping Kiwis with mortgages since 2006 — first homes, investment, construction, commercial & business loans. English, Mandarin & Cantonese speaking advisers.

We find the right solution from NZ's major banks and lenders.

30/10/2026

💼 【PLAXO SUCCESS STORY | NZ$700K TRADE FINANCE APPROVED】

Growing Orders, Tight Cash Flow?
Paying suppliers upfront while waiting for customer payments can put pressure on working capital and limit the orders you can take on.

🏦 Plaxo Mortgages recently helped an established New Zealand business with annual turnover over NZ$10 million secure a NZ$700,000 bank Trade Finance Facility.
We assisted with the application, financial information, cash flow assessment and forecasts. After approval, the bank's Trade Finance Manager also visited the client's office to explain how to use the facility.

🎉 Facility Highlights:
✅ 60 days – 5.92% p.a.
✅ 120 days – 6.18% p.a.
✅ 180 days – 6.39% p.a.
✅ Interest charged on actual days used
✅ Early repayment without penalty
✅ Funding for eligible supplier payments and stock purchases

💡 Trade finance helps businesses manage the gap between paying suppliers and receiving customer payments: more flexibility for working capital, more room to grow.

📩 Importing goods or managing growing orders? Message us to see if trade finance could suit your business.
📞 09 916 0116
💬 WhatsApp: wa.me/64275558950
✉️ [email protected]

Disclaimer: Client details have been anonymised. Rates and facility terms are specific to this transaction and may vary for other applicants. Fees and conditions may apply. All lending is subject to lender assessment and approval.

29/10/2026

What is the OCR — and why does it matter for your mortgage?
The OCR, or Official Cash Rate, is the interest rate set by the Reserve Bank of New Zealand. It’s reviewed several times a year and is one of the main tools the RBNZ uses to manage inflation and economic conditions.

But what does it have to do with your home loan?

The OCR influences the cost of borrowing money across the economy — including for banks. When the OCR goes up, it generally becomes more expensive for banks to fund lending, and mortgage rates tend to rise. When the OCR comes down, the cost of funding eases, and mortgage rates often follow.

A few things worth understanding:
✔ The OCR doesn’t directly set your mortgage rate — banks set their own rates based on a range of factors, including the OCR, wholesale funding costs, and competition
✔ Fixed rates are influenced more by wholesale market expectations than the OCR itself — which is why fixed rates can move before an OCR announcement
✔ Floating rates tend to respond more directly to OCR changes
✔ A rate cut doesn’t always mean an immediate drop in what you’re paying — especially if you’re locked into a fixed term

Keeping an eye on OCR announcements can help you time decisions around refixing, refinancing, or locking in a rate.

A Plaxo adviser can help you understand what the current rate environment means for your situation.

👇

22/10/2026

Is now a good time to lock in before rates go higher?

When interest rates are rising, one of the most common questions borrowers ask is whether they should lock in a fixed rate now — before things go higher.

It’s a reasonable question, but the honest answer is: nobody knows exactly where rates are heading. What you can do is make a decision based on your own situation, not just on rate predictions.

A few things worth thinking about:

The case for fixing now:
✔ You get certainty — you know exactly what your repayments will be for the fixed term
✔ If rates continue to rise, you’re protected from further increases for the duration of your fixed period
✔ It removes the stress of watching every OCR announcement

The case for waiting or staying flexible:
✔ If rates rise more slowly than expected — or stabilise — you may have fixed at a peak
✔ Floating gives you more flexibility to make extra repayments or restructure
✔ A split loan lets you lock in part of your mortgage while keeping some flexibility

What actually matters most:

— How long is your current fixed term, and when does it expire?
— Can your budget handle higher repayments if you stay floating?
— Do you have plans in the next 1–2 years that require flexibility — like selling, restructuring, or making lump sum payments?

The right answer depends on your cashflow, your risk tolerance, and your plans — not just where rates might go.

A Plaxo adviser can help you think through what structure makes sense for your situation right now.

👇

20/10/2026

🏗️Section Settlement, North Shore, Auckland

Summary
Client B, an experienced developer, needed to settle two sections but consents were still 6 months or more away, so no development funding could be arranged yet. We secured a 12-month land loan at 70% LVR so the client could settle on time and get consents ready for the build.

The difficult part: high LVR with no development funding in place
▪ Lenders usually cap bare land at a much lower LVR — and even lower when there's no approved project behind it, so getting to 70% took a strong case
▪ GST could not be claimed within the loan term, meaning the loan had to be arranged against the GST-inclusive value, adding extra pressure on the numbers
▪ The client's cash was tied up in existing projects, leaving little room to self-fund the settlement

How we got it done
▪ Presented a clear exit: refinance into a development loan once consents are approved, with part of the principal repaid from unit sales
▪ Backed the ask with Client B's track record of successfully completed developments, each fully sold on delivery
▪ Arranged a registered valuation to support the land value
▪ Strong trust between lender and advisor, and advisor and client, helped the lender accept 70% on bare land

Result
Client B settled on time, kept his completed units on the market at full price, and has the runway to get consents in place before moving to construction funding.

Client and project details have been adjusted to protect confidentiality.

20/10/2026

How much deposit do you really need to buy your first home in NZ?

Many people think it has to be 20%. That's the usual benchmark, but you may be able to buy with a 10% deposit, depending on the lender and your situation.

And don't forget your KiwiSaver. If you've been a member for at least 3 years, you may be able to use your savings towards your first home deposit.

Before you start saving harder, find out:
✔ How much deposit you may need
✔ How much of your KiwiSaver you could use
✔ What a realistic timeline looks like for you

A smaller deposit can come with extra costs, such as low-equity fees or a slightly higher rate. We'll walk you through the options so you can decide what works best for you.

💬 Message us to check your deposit options.
call: 099160116
website: www.plaxoltd.co.nz
email: [email protected]

Subject to lending criteria. Eligibility criteria apply.

15/10/2026

Your KiwiSaver won’t withdraw itself.

Many first home buyers know they may be able to use KiwiSaver towards their first home — but assume it happens automatically.
It doesn’t.

You need to apply to your KiwiSaver provider directly, and the process takes time. The funds usually don’t go into your personal bank account — if approved, they’re paid to your solicitor’s trust account and then used towards your deposit or settlement.

A few things worth knowing before you get to that stage:
✔ Apply to your KiwiSaver provider early — not your bank
✔ Ask for a confirmation or eligibility letter — this can help as evidence of funds during the pre-approval process
✔ KiwiSaver funds are not instantly available when you sign — timing matters
✔ If you’re buying at auction, you’ll likely need separate cash for the deposit on the day — KiwiSaver may still be available for settlement if you’re eligible

Getting this sorted early means fewer last-minute surprises when it counts.
A Plaxo adviser can help you understand how your KiwiSaver fits into your deposit picture and what to prepare ahead of time.

👇

11/10/2026

Night shifts. Weekend shifts. Overtime.
Does the bank count that income?

Often, yes. But every bank treats it differently.

Some lenders only look at your base pay. Others may consider your allowances and regular overtime, if you have the right payslips and a steady history.

That difference can change how much you're able to borrow.

As your broker, we:
✔ Look at your full income, not just your base salary
✔ Help you prepare the right documents
✔ Match you with lenders that suit how you're actually paid

💬 Message us to check your borrowing position. We'll work around your roster.

call: 099160116
web: www.plaxoltd.co.nz

08/10/2026

Cross-lease, freehold, unit title — why the property title matters for your loan.

When you're buying a home, the type of title affects more than just ownership — it can also affect how easily you can finance, insure, renovate, or sell the property.

A quick overview:
Freehold — you own the land and the building outright. The most straightforward title type.
Cross-lease — you co-own the land with other owners, and hold a lease giving you the right to occupy your specific dwelling. Common in New Zealand, but comes with additional considerations.
Unit title — you own your unit and share ownership of common areas, usually managed by a body corporate.
What to watch out for with cross-lease:

The most important thing to check is whether the property as it stands today matches the Flats Plan — the legal document that defines the footprint of your dwelling.
✔ Additions like decks, garages, or sunrooms may not be on the Flats Plan — creating a defective title
✔ Structural changes may require written consent from other cross-lease owners
✔ Shared driveways and common areas can create disputes over maintenance and costs
✔ Lease conditions may restrict renovations, rentals, or certain uses
Does cross-lease affect your mortgage?

Banks can generally lend on cross-lease properties — but title defects can complicate things. If the actual footprint doesn't match the Flats Plan, or there are unapproved additions, lenders may require the issue to be resolved before proceeding, or the valuation may be affected.

A Plaxo adviser can help you understand whether a specific property is likely to be straightforward from a lending perspective — before you sign.

👇

06/10/2026

What does a mortgage broker actually do?

Think of us like a triage nurse for your home loan.

Before you go anywhere, we look at your whole situation: your income (including shifts and overtime), your deposit, your KiwiSaver and your plans. Then we point you to the lenders that fit you best.

Here's how it works:
1️⃣ We talk through your situation, at a time that suits your roster
2️⃣ We compare options from multiple banks and lenders
3️⃣ We prepare and submit your application
4️⃣ We stay with you all the way to settlement

And the question everyone asks: "How much does it cost?"

In most cases, nothing. The lender you choose pays us a commission. We'll always explain upfront how we're paid, so there are no surprises.

One conversation with a broker can save you visiting bank after bank on your days off.

💬 Not sure where to start? Send us a message. We're happy to answer your questions.

website: plaxoltd.co.nz
call: 099160116

06/10/2026

You care for everyone. Who's caring for your home plan?

Nurses, doctors, carers and allied health staff keep New Zealand running. But between long shifts and looking after family here and back home, planning your first home often comes last.

That's why we're starting a new weekly series: Home Buying for NZ Healthcare Workers.

Each week, we'll answer one real question, simply and honestly:
✔ How much deposit do I need?
✔ Can I use my KiwiSaver?
✔ Do banks count my shift and overtime income?
✔ What should I do 6–12 months before buying?
✔ Better Home Loan products for Nurses, doctors, carers and allied health staff

Plaxo Mortgages has helped migrant families in New Zealand for 20 years.

👉 Follow our page so you don't miss next week's post.
💬 Got a question? Send us a message. We may answer it in the series.

website: plaxoltd.co.nz
call: 099160116

Address

Level One, 638 Great South Road, Greenlane
Auckland
1051

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Telephone

+6499160116

Website

http://plaxoltd.co.nz/

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