Westpac offers ‘special’ one-year mortgage rate at 3.99%.

Are you planning to apply for a Mortgage loan? This might be a good time. Read further to get information about the current happenings in the loan market.! Metro NZ Property Management would recommend you to first get a professional’s advice. Westpac has introduced one-year mortgage rate “special”. From 18thJan onwards Westpac is providing a one-year fixed term rate of 3.99%, reducing 16 points on its standard rate of 4.15%. The offer is only limited until February 1 and is only applicable for those who have more than 20% equity and have their salary going into a transactional account at the bank. 

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LANDLORDS WARNED BY REINZ TO INSULATE RENTAL PROPERTIES OR FACE FINE OF $4000

As the New year has started and people are steadily returning back to work from their vacation, the Real Estate Institute of New Zealand (REINZ) is cautioning landlords that they need to insulate their rental property till 1st July 2019 or else the can face a fine of up to $4000 from the Ministry of Business, Innovation and Employment (MBIE). Chief Executive at REINZ, Bindi Norwell stated, “from 1st July 2019 ceiling and under floor insulation will be compulsory in all rental homes across New Zealand. That deadline is now less than six months away, and MBIE has warned that it

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