Look out for next GFC.Its already here for some. https://www.landlords.co.nz/article/...y+27+June+2019
"recently is the tightening of bank policy on interest only loans. We currently have 5 rentals with an overall LVR of around 40%, so we're certainly not over-committed. However, over the past few years BNZ has been playing games, firstly not permitting any expansion by limiting loan money (we now only deal with them through a financial adviser because they no longer even answer our emails), and secondly insisting that some of the interest only loans become principal and interest, which apparently needlessly commits us to subsidising the loan costs from our other non-rental income, which at present is meagre"
I can't stand BNZ bunch of muppets .. tried twice to get honest refinance deal and they just don't have a clue
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Originally Posted by kiora
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