Finance

/Finance
15 07, 2016

5 Top Tips For Buying Your First Home

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Purchasing your first home can feel like a minefield. There is so much to consider, before you even make an offer. But, please, do not sign a legally binding agreement until you have called me to ensure all of your needs are provided for. Where do you start? 1. Apply for a HomeStart Grant. If [...]

15 05, 2011

Borrowing explained: loans, mortgages and guarantees

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Borrowing money When you get a loan, the bank will usually require a mortgage and guarantee. The loan relates to the amount of money you are borrowing from the bank and contains the bank’s lending terms that you have agreed to, such as the interest rate, repayment plan and the security required by the bank. [...]

21 01, 2011

I have agreed to guarantee a loan, so why has the Bank sent me to a lawyer?

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In short, the Bank has sent you to a lawyer to cover its own butt. In certain circumstances the Bank is put on notice and taken to have presumed that the guarantor has been unduly influenced by the borrower to give a guarantee. As a result, the Bank will be unable to enforce the guarantee. [...]

23 09, 2010

How to enforce your loan and who is responsible for unpaid rates on the mortgaged land?

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If you have loaned someone money and registered mortgage over their property as security you are a "mortgagee".  If the borrower has stopped making interest and principal repayments there is a process you need to follow to enforce your rights under the mortgage. What can you do? If the borrower is in default because they [...]

12 07, 2010

Retailers providing credit must register as financial service providers by 30 November 2010

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New laws applying to the finance industry from 1 December this year will have a substantial impact on financial advisers and financial service providers. This legal blog deals with the new obligations on financial services providers. Retailers providing goods on credit terms are financial service providers and therefore need to register as financial service providers [...]

22 05, 2010

Angel Investors give businesses a helping hand

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I attended the Whangarei Business Owners Forum last week. The Business Owners Forum was held at the office of Elevate CA in Whangarei and the topic was A Rough Guide to Valuing Your Business. The panel of experts included Whangarei chartered accountant Fraser Hurrell from Elevate CA, Whangarei lawyer Stuart Spicer from Webb Ross, and [...]

28 04, 2010

Government assists elderly in need of care

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In the current economic climate any extra financial assistance can help make ends meet. If you or someone you know is part of the baby boomer bubble that we so often hear about and is about to enter a rest home, that person may be able to get financial help from the government. In this [...]

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