Perry Bell Financial Services

17/05/2023

Making life insurance more affordable - https://mailchi.mp/95334086aaa3/making-life-insurance-more-affordable

16/12/2022

Best options for up and coming fixed rate expiries -

31/07/2022

Check out our latest newsletter which talks about using a Mortgage broker vs Bank 💰 Is buying insurance online cheaper, and a young couple who put their differences aside https://mailchi.mp/124fc12893dc/client-newsletter-mortgage-broker-vs-bank

03/05/2022

Check out our latest newsletter. When is a good time to buy a home? and when can you claim on your insurance - https://mailchi.mp/1c0b8a723887/perry-bell-financial-services-ltd-client-newsletter

01/03/2022

Refinancing your home loan, what to look for and how to prepare to improve your chances of approval.

Refinancing your mortgage may seem attractive right now, especially if you are being offered a very attractive fixed rate for the next few years. However, there are some factors you will need to consider before moving to another lender. Refinancing costs What are the costs associated with refinancin...

03/02/2022

Pay later services restrict borrowing..read more... - https://mailchi.mp/c691ca0f9e91/pay-later-services-restrict-borrowingread-more

31/01/2022

What is disability insurance and how does it work?

Disability Insurance can come in a number of forms such as a lump sum payment, and/or a monthly benefit payment for a set period of time, but the scope of this article is the large up front disability payment type. Total and Permanent Disability When it comes to Disability Insurance there are some r...

30/01/2022

Getting your home loan pre-approved is smart, but what happens when the pre-approval expires, and lending criteria changes? Fine out more at https://zcu.io/1uIf

Having a Pre Approved Home Loan will provide you greater certainty of what a lender will provide you, and gives you some level of comfort when you go house hunting, but how long does this last and what if the market or the lending criteria changes, what happens to your pre approval. Pre Approvals ar...

29/01/2022

How much do you need to save for a home deposit.

Lenders have recently clamped down on the deposit requirements for home buyers, so if you are asking yourself "How much deposit do I need for a home loan" you need to read the following so know what banks and other lenders need from you. The major lenders such as BNZ, ANZ, Westpac and AB have all

27/10/2021

Surgery waiting lists.
Our public health system may have to tackle a mounting surgery backlog, and surgery waiting lists could grow exponentially if COVID-19 cases soar.
Auckland’s district health boards have the funding and people to handle the massive task of tackling the region’s elective surgery backlog, Health Minister Andrew Little says. But not everyone shares his optimism.
Under the national guidelines for alert level 4, all non-urgent care, including surgery and outpatient appointments, have been postponed. Auckland’s DHBs have not been able to provide exact numbers on how many procedures have been cancelled at this stage.
But in June 2020, it was revealed Counties Manukau DHB had deferred between 1400 and 1600 elective surgery operations due to the first Covid-19 lockdown.
Health commentator and former Association of Salaried Medical Specialists (ASMS) executive director Ian Powell said last week that DHBs would face a real test to get on top of the backlog after this lockdown.
“The issue will be getting the medical staff and nursing staff to carry out the catch-up operations. It will be a real logistical challenge.”
How will private medical insurance help?
Private medical insurance will not pay for COVOD-19 treatment, but it can help you avoid waiting lists to get the urgent surgery you need that is non COVID-19 related. If our health system has waiting lists now, imagine what is going to happen when our public health system is overloaded with COVID-19 cases.
I need to be fair here and point out that the deferred surgeries mentioned above were elective and therefore not urgent or acute, but it present a question, and that is “what is going to happen to our health system over the next 12 months”?
Will private insurance help avoid surgery waiting lists?
The short answer is that it can, but it will depend on what surgery you need and how critical/acute it is and whether there is funding and resources for the treatment you need. Don’t wait until you need treatment, if you want until you need it, no insurer is going to cover it, so you need to make sure you get it now, so you have it when you need it most.
Please contact us for professional advice, options and pricing.

The post Surgery waiting lists appeared first on Perry Bell Financial Services.
https://perrybell.co.nz/surgery-waiting-lists/

24/09/2021

Pre Approved Home Loan.
Having a Pre Approved Home Loan will provide you greater certainty of what a lender will provide you, and gives you some level of comfort when you go house hunting, but how long does this last and what if the market or the lending criteria changes, what happens to your pre approval.
Pre Approvals are limited
Pre approval from a lender has a limited time frame, and right now 90 days may be the most time a pre approval will last, then you will need to update your loan application and provide more recent supporting information. This length of time you approval is valid may vary from lender to lender and when your approval expires it can be a lot of work for you and your financial adviser to get another approval, especially if you are going to an auction.
With the exception of time expiry, other factors can limit or even make your pre approval pointless so before you get a pre approved home loan, you should seriously look around and get a realistic understanding and expectation of what money can buy.
Have a realistic expectation
It can be all too easy to get a home loan pre approval, only to then start looking at homes and realise what your money can buy (or can’t buy) which can be disheartening because it’s human nature to want better or more than we can actually afford.
Get educated on what is happening in the property market and accept the fact that you may not be able to buy your dream home right now, but if you set your expectations right, it may be a less stressful process.
What can change your home loan approval?
As previously mentioned above, time can expire your approval and with such a buoyant property market you may not be able to get the same pre approved amount or even obtain a pre approval because.

Interest rates have increased
Banks have changed their lending criteria
Property prices have gone up
Your employment status has changed
You have had a reduction in income
Loan to Valuation Ratios have reduced

Home buying can have shifting goal posts
How much you could borrow will vary from lender to lender so instead of going around all the lenders, find a good financial adviser who can get you a pre approved home loan because they will know which lender at the current point in time will offer the most money.
Get educated and be flexible so when circumstances or market conditions change (and they will) you will better prepared to make good financial decisions.
Look at property websites such as trademe.co.nz and oneroof.co.nz and there is no harm in considering building a new home so you could go so far as talking to property developers. Know what something is worth, so you know a good buy when you see it, because if you do come across a good buy, it won’t last long.
Make the most of your pre approved home loan
If you have an approval, make the most of it because you may not get it again, and if you can, you may not get the same amount that was on offer. If you need a pre approved home loan, contact us anytime.

The post Pre Approved Home Loan appeared first on Perry Bell Financial Services.
https://perrybell.co.nz/pre-approved-home-loan/

23/08/2021

Best life insurance company.
Finding the best life insurance company, really depends on what type of cover you are looking for now, what you may need in the future, and whether you can bundle your insurance together to save multiple policy fees.
Who is the best company?
Each insurance company has its’ specific strengths and at certain times their product ratings from independent insurance research houses may change from time to time because of product innovation or lack thereof, and product ratings will change from insurer to insurer.
One company may have the best Income Protection rated policy one year, and through product innovation another company may have a better rating the following year.
Some companies may enhance their products and some may take a little longer to do so, so unless you get your timing and analysis right, it’s almost impossible to find the best product or to determine who is the best life insurance company at any one time.
Look for retroactive benefits
When insurance companies upgrade and enhance a particular product, they are not always guaranteed to give to existing policyholders, who can be left with outdated insurance cover. However, Retroactive Benefits (a similar term may be used) in a nutshell, means that when an insurer releases a product enhancement, it is passed back to existing policyholders and that will help keep your cover up to date.
The best thing about have retroactive benefits is that do not have to move to another insurer because your cover gets so outdated, however, there are times when moving to another insurer is completely justified, but this should only be done using with a professional financial adviser who can assess what advantages and/or disadvantages there are, if you were to move insurers.
If you need to move insurers, your current health will need to be re-assessed by the new insurer, so if your health has deteriorated or you have new injuries or conditions, they may be excluded with your new insurer, or they may charge you an additional premium to cover any new medical conditions you may have.
How do you find the best insurance company?
The best thing you can do is find a good adviser who will find the best insurance company and cover for you. Your adviser should have access to a range of insurers. Advisers can pay good money to access independent research data, that you would not have access to, and this will help them with their recommendations.
A financial adviser will also provide you with a Statement of Advice document which will include an explanation as to why they recommend the insurer and benefits quoted to you.
You can find the best insurance company by finding a good adviser first. If you have any questions or need insurance advice, please contact us anytime.

The post Best life insurance company appeared first on Perry Bell Financial Services.
https://perrybell.co.nz/best-life-insurance-company/