Search results: Squirrel

As part of our ongoing commitment to transparency for our investors, we're sharing a couple of case studies about the type of lending we are doing in our new investing classes: Home Loans and Business Property Loans. We were confident in approving these loans and what their characteristics are, and by sharing this we hope to pass some of that peace of mind to our investors.

In this ever-changing crazy quagmire of a world, there has never been a greater need for seamless online services. Fortunately, Squirrel is well set up to provide the same service for all our clients, whether you're stuck at home, or at the beach.

What does Coronavirus have to do with your KiwiSaver funds? More than you might think. No need to panic, but we thought it was worth putting a word of caution out there for anyone who is looking at purchasing a property in the near future with KiwiSaver as part (or all) of their deposit.

Business owners have a unique investment opportunity when it comes to commercial property. Much like a first home buyer trading rent for loan repayments, it is a great way to funnel cash flow into an asset rather than an expense.

Property development carries with it many risks and currently it’s perhaps the most difficult market to find finance. Often, I find clients who haven’t exercised much patience and as a result can find themselves in a pickle.

Working with development and commercial property funding, price is often an obstacle that I come up against. Many people have little understanding of how risk-based pricing works, and it can come as a bit of a shock when pricing is uncovered.

As any developer will know, banks across New Zealand have dropped a couple of belt sizes in the recent years. They’ve moved rapidly from the binge eating of the 5 or so years between 2011 and 2016 straight onto the no-sugar diet. Let’s just hope it doesn’t lead to a sugar crash!

Homeowners want to get things done to their house now, but increasing the mortgage and convincing the bank are both hard work. And let’s face it, it’s only getting harder. Recognise the hurdles of borrowing, Squirrel has launched an online no-fee home improvement loan that makes getting stuff done around the house much easier.

The Hayne Report was released in Australia recently, and brought about some stern recommendations for the lending sector. The standards have been put in place for the best interests of New Zealanders, however, like anything that is done by the government, they can often carry unforeseen circumstances. Let's take a look at how property investors could be affected.

Squirrel loves helping people into new homes and noticed the challenges with getting things done when it comes to buying and selling. With this in mind, the Homeowner’s Personal Loan was created. The big idea is a simple, online no-fee personal loan designed for homeowners, that can be used to cover selling costs, small renovations, or a quick do-up when buying.

You may be noticing a significant amount of speculation around falling property prices in the press. After an 81% rise between 2008 and 2018, this growth could not continue, but should property investors be concerned? Let's look at the bigger picture and what we can expect further down the track.

From what our team see every day, there is a good chance you have credit card debt in excess of $15,000. Is that you?