Specific cover for specific needs

While many people understand the importance of life insurance, health insurance and allied financial services, their needs could be as varied as the products and services available, says Affinity Financial Services Limited (AFSL) Director and Principal Advisor Praveen Ray Chand based in Auckland. Insurance policies and financial services are undoubtedly designed to assist people to lead successful and healthy lives…

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Sellers’ market entails proficient handlers

Although the New Zealand economy enjoys historically low interest rate with financial institutions more lenient in extending credit to homebuyers and property investors, market forces do not favour everyone, says an expert. Ravi Mehta, Director of Professional Financial Solutions Limited (PFSL) described the market for mortgage finance as ‘extremely good,’ and hence borrowing for buying properties instead of renting them…

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Market gets hot with fierce competition

The current buoyancy in the home finance market is characterised by a number of factors including the entry of more buyers, partly encouraged by flexibility of lenders who accept deposits as low as 5% of the mortgage loan. Nathan Saminathan, Managing Director, Mortgage Masters Limited in Auckland said that commercial bankers were the biggest competitors to mortgage brokers, since they…

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