As urban land prices rise and housing shortages persist, landowners and developers are increasingly pursuing compact multiple unit developments. These projects often lead to concerns among neighboring property owners, particularly regarding potential impacts on property values and views.

Understanding Break Fees and Mortgage Refinancing

If you're considering repaying your mortgage early, it's important to understand the implications of break fees. Early repayment of a fixed-rate mortgage may breach your loan agreement, leading lenders to impose a break fee to compensate for lost interest payments. The calculation of this fee varies by lender and depends on your specific mortgage terms, so consulting with your lender for an estimate is advisable.

As mortgage interest rates shift, particularly in light of New Zealand’s declining Official Cash Rate (OCR), now might be a strategic time to consider refixing your mortgage interest rate. Borrowers can choose between fixed rates, which offer predictable repayments, or variable rates, which fluctuate with market conditions.

Whether you’re retiring, pursuing new ventures or looking to cash in on your hard work, selling a business is a significant milestone and one that needs careful planning and preparation.

To ensure the greatest return on your investment, your business should be at its best when it goes on sale. Building value in your business is important in attaining an optimum result.

Pre-settlement property inspection

Relationships can be complicated waters to navigate at the best of times, but it can become even trickier when thought needs to be given to relationship property matters.

Currently, the bright-line rules impact properties acquired on or after March 27, 2021, and sold within either five years for qualifying new builds or ten years for other properties.