Ben Goldsmith - Financial Adviser ‑ Mortgages & KiwiSaver

Ben Goldsmith - Financial Adviser ‑ Mortgages & KiwiSaver Whether you're employed or self employed, buying or building your first or next home, I can help.

Our June/July update is up and link below!As a snapshot of the month: I spent a morning with Advance Build (Relocatable...
12/07/2026

Our June/July update is up and link below!

As a snapshot of the month: I spent a morning with Advance Build (Relocatable home builder and was really impressed, also that they can finance their homes to get them onsite).
The OCR went up - and floating rates have just moved upwards.

With me, I've been kept busy and it's been such a mix which is great as I like the variety - I've been helping first home buyers with 5% deposit, refinances to restructure and offset, green home top ups at 1%, a top up for a wedding! and a couple of new builds in Christchurch approved.

Highlight would be a new client referred to me as his bank declined him when he went direct. I couldn't work out why and sent the request to the same bank, and all approved in about 4 days (subject to a credit card being closed). Loan documents are with his Solicitor to sign and he hasn't even gone unconditional yet - it's been that quick a turnaround. He actually gets the keys to his new home for his birthday.

Our newsletter is out and here:
https://www.colab.kiwi/news/junejuly-update-what-borrowers-need-to-know-right-now?utm_source=instagram&utm_medium=bio&utm_campaign=july26

𝐑𝐞𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐢𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 𝐚𝐫𝐞 𝐛𝐚𝐜𝐤!1% cash offer available (up to $30,000) for new home lending over $800k. 0.90% for lower a...
09/06/2026

𝐑𝐞𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐢𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 𝐚𝐫𝐞 𝐛𝐚𝐜𝐤!
1% cash offer available (up to $30,000) for new home lending over $800k. 0.90% for lower amounts. T&C's apply and refinance completed by 17th July.
Basically - Switch your homeloan to another bank, and get paid to do it. Plus it's a chance to review rates and restructure long term.

OCR:
No change, remains at 2.25% (But we have seen some rate increases)

Fixing - Is it 2 years or 3 years? Which economist to follow?
This where advice matters, check out which economist we follow, our full newsletter here:
https://www.colab.kiwi/news/may-update-mortgage-rates-market-shifts-amp-why-advice-matters-right-now

Happy to help with purchasing a new home, building one or if you're looking to understand how to structure your existing...
07/04/2026

Happy to help with purchasing a new home, building one or if you're looking to understand how to structure your existing loans better (to get debt free), don't hesitate to reach out.

027 2121 286
[email protected]
www.colab.kiwi/about-us

After almost 5 years with Tella as a broker/adviser, it's time to start a new chapter and it's so great to join with Sam...
07/04/2026

After almost 5 years with Tella as a broker/adviser, it's time to start a new chapter and it's so great to join with Sam at Colab. The timing feels right, and Sam and I have worked together for years, going back to BNZ days (10 years ago?).

My phone number hasn't changed, just a new email address and I'll put the details up.

It's not all about buying new homes, or building. We're in uncertain times and we don't know whether % rates are going up or down, if you want to just chat, I'm here.

Flick me a FB message with your number and I'll call you back. That works to.

Thanks - Ben

I have always been fortunate enough to have the nicest clients, and such a thoughtful gift to receive. "Our case was not...
03/09/2024

I have always been fortunate enough to have the nicest clients, and such a thoughtful gift to receive.

"Our case was not easy but he got us there!

He guided us through the whole process. He followed up with emails and phone calls and was always there to answer any of my questions.

We definitely recommend Tella and if you're lucky enough you will also get Ben Goldsmith as your adviser" - N & N

I have to say - Kiwibank has really upped their game. They are competitive with the NZ's Big 4 Aus banks with Interest ...
22/08/2024

I have to say - Kiwibank has really upped their game. They are competitive with the NZ's Big 4 Aus banks with Interest rates and Cash Contributions.

They have eased up with first home buyers, helping them to get into homes. Goodbye bank statement judgement on buying a coffee or breakfast out when you 'should be saving'.

For those that have chosen Australia. They also offer a free refinance service to transfer back to NZ owned. There's no legal costs for a straight refinance in the same names. But loan break fee's with the previous bank may apply.

And all organised basically from your home or work, as they are so digital focused. For refinances - even signing the documents is by txt/email and takes less than 5 mins.

NZ Interest rates are high currently, but as of today (22 Aug 24). KB is offering 6 months 6.85% or 1 year 6.45%. And if rates are lower on the day of refinance, you will get the lower rate instead.

The final sweetener is, they are also paying 0.90% cash contribution to make the move to them. It's based on loan amount, so for example, a $500,000 home loan would be a $4500 cash contribution on settlement. Up to $15,000.

T&C's apply as they usually do.

If you want to chat about comparing your current bank to Kiwibank - Give me a call/txt 027 212 1286

Thank you - Ben

Consumer NZ has announced their best and worst KiwiSaver results. This is worth a 2 min read:https://www.consumer.org.nz...
08/07/2024

Consumer NZ has announced their best and worst KiwiSaver results. This is worth a 2 min read:

https://www.consumer.org.nz/articles/consumer-nz-reveals-the-best-and-worst-kiwisaver-providers

The big four banks have not done well, which is great news for our NZ Owned KiwiSaver providers, Milford, Generate and Simplicity.

For the seventh year in a row Milford Funds has received the People's Choice award!

Coincidental - But I am a registered adviser with Milford Funds. If you don't know where your KiwiSaver is, how it is performing, or what fee's you are being charged, then we should have a chat.

ANZ - Over 80% LVR pre-approvals reintroducedFIRST HOME BUYERS WITH LESS THAN 20% DEPOSIT - THIS IS FOR YOU!ANZ have rei...
24/03/2024

ANZ - Over 80% LVR pre-approvals reintroduced

FIRST HOME BUYERS WITH LESS THAN 20% DEPOSIT - THIS IS FOR YOU!

ANZ have reintroduced 60-day pre-approvals for 10% to 20% deposit borrowers.
( For 80.01% to 90.00% Loan to Value)
At least one borrower has been an existing ANZ main bank customer for a minimum of three months (must have either salary/wages direct credited to ANZ, or an active credit card, or a KiwiSaver account for minimum three months), and
The pre-approval is not for construction lending.

This is massive news, to add context: First home buyers (and their brokers) have had to 'estimate' what the bank will lend them. Then put in an offer, have it accepted subject to finance and then approach the bank for approval.

The banks have only been working with 'live' deals. Meaning if no offer it accepted, they won't assess.

Times have changed, now first home buyers can get that sought after peice of paper to confirm their maximum.

Full registered valuations are required for less than 20% deposit, so subject to finance will continue to be a requirement so as to get the valuation done to confirm value matches purchase price and the property has no substantial maintenance issues.

ANZ is huge, and have so many NZer's banking with them - so if your in the market for your first home with a 10%+ deposit. Now is that time to find out what's the maximum ANZ will offer.

5% Deposits are back - With BNZFirst Home buyers – this is for you (or your adult children if they're in the market) – ...
03/03/2024

5% Deposits are back - With BNZ

First Home buyers – this is for you (or your adult children if they're in the market) – feel free to pass it along!

BNZ has reintroduced the option for first home buyers to secure a home with just a 5% deposit for existing customers. While this offering doesn’t extend to other banks, it's a promising opportunity to kickstart your homeownership journey.

Not a BNZ customer yet? No worries! Remember the old adage – the best time to start was yesterday, the second best is now! You can easily open an account today and get the ball rolling on the 3-month minimum timeframe. It will also give you a clear timeframe to tidy up your bank statements if needed.

Why BNZ?

BNZ's move signals a positive shift in the market, and while we’re not sure other banks will follow suit, why wait? By grabbing the opportunity now, you’re being proactive towards your homeownership goals. Plus, with BNZ, you have the chance to explore homeownership with a 5% deposit, setting a clear path towards your dream home.

I've crunched some numbers based on current criteria to see what's possible:

Imagine Jack and Jemima looking at an $800,000 home in Auckland. With a $40,000 deposit (possibly sourced from KiwiSaver), they'd need a loan of $760,000. To meet BNZ's income criteria, each partner would ideally earn around $80,000 per year.

Or consider the affordability outside main city centres. With a $500,000 home, requiring a $25,000 deposit, and a loan of $475,000, the income threshold becomes more accessible, around $60,000 each annually.

In both scenarios, if they have a young child, add another $5,000 or $10,000 to their income to ensure sufficient cover for the extra expenses of daycare, school, etc.

These 'scenarios' are factored on being completely debt free. Student Loans, car loans, Credit Card make a huge difference.

If you're intrigued and want to see if this could work for you, let’s chat! An informal 15 minutes chat can help put you on the right path.

The fine print...

This offer applies to owner-occupied properties, ready-built homes, and excludes lifestyle blocks or bare land - so can't buy and put a tiny home on it.
When making an offer, allow for a longer finance due diligence period to accommodate the necessary steps, including a registered valuation. I’d suggest 10 working days plus any other clauses required, such as building inspection, solicitor approval.
Must have an income into BNZ for 3 months +

Whether you're ready to dive in or just need more information, feel free to reach out.

It seems all everyone see's in the media is "bank declined due to netflix, smashed avocado on toast or to many coffee's ...
10/05/2023

It seems all everyone see's in the media is "bank declined due to netflix, smashed avocado on toast or to many coffee's that week..."

Reality is, it's not one thing, it's the total living costs being to high, not just a one off tv subscription payment, but having every option possible, add up netflix, disney, neon, prime, skytv, and more.

The banks have an average cost or budget per month for a single person or couple and cost per child. If costs are within this (and it's quite a generous amount), it's all fine.

But if you have your morning coffee delivered on a moped, or dinner delivered by a driver on an app most nights, that isn't going to meet the standard expectations. Your chosen 'lifestyle' costs will reduce down what you can then borrow.

If you want a home, you should dial back your expenses and start putting aside some extra savings to show you have the cash to be able to cover the new repayments.

Most people I see are to hard on themselves due to the media coverage, and they are actually all fine on the spending. But they don't ask, becuase they hear banks are saying No. It's not all true, the banks want new business - and now's a good time to start asking if you want a new home.

Address

Auckland
1010

Opening Hours

Monday 9am - 4:30pm
Tuesday 9am - 4:30pm
Wednesday 9am - 4:30pm
Thursday 9am - 4:30pm
Friday 9am - 4:30pm

Telephone

+64 27 212 1286

Website

Alerts

Be the first to know and let us send you an email when Ben Goldsmith - Financial Adviser ‑ Mortgages & KiwiSaver posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Featured

Share

Category