Pensioner ditches mortgage for ‘flexible alternative’ in retirement
A pensioner has revealed his state pension covers his costs after ditching his mortgage in favour of flexible…
BNZ, Kiwibank mortgage rate hikes: How new fixed home loan deals compare
BNZ announced hikes to some home loan interest rate terms this morning. The latest rises come a day…
Middle East conflict puts upward pressure on mortgage rates, for now – Jenée Tibshraeny
Swap rates can be volatile, but the rise in recent weeks is notable, as per the graph below…
Vet shock: Pet owner extends mortgage by $20,000 to pay bills
‘Only rich people can afford pets’ Another Auckland pet owner told the Herald that “only rich people can…
BNZ joins Westpac in lifting mortgage interest rates, 5-year term biggest jump
The changes are effective immediately, the bank said. BNZ has lifted its mortgage interest rates today. Photo /…
Westpac lifts mortgage rates across one- to five-year home loans
Interest rates are going up because wholesale rates had “increased significantly in recent weeks”, a Westpac leader says.…
Should my mum sell her house to the neighbours or take a reverse mortgage? – Mary Holm
What other pros and cons or pitfalls would we want to consider, versus a reverse mortgage? A: What…
Interest rate hikes failing to dampen property prices in mid-size and regional areas
An interest rate rise in February has failed to slow much of Australia’s housing market, with new data…
How young people are coping with the rising cost of living
Are you worried about money? With interest rates on the rise again, house prices continuing to soar, and…
Mortgage rate U-turn: BNZ cuts long-term rates, 3yr loan dips back under 5%
The largest cut, a 40bps drop, will see the five-year fixed home loan rate fall from 5.69% to…
‘I’m 70 and live with five strangers’ Retirees flock to flat sharing as pensions fail to cover rent
Retirees across Britain are increasingly turning to flatsharing as rising rents and living costs outpace their pension income.…
Mortgage repayments set to fall to lowest levels since 2021 in boost for millions of homeowners
Mortgage affordability in Britain could soon look more like it did during the low-rate period of 2021, offering…