Finance & Strategy Expert

Finance & Strategy
Ask Kris Pederson, director of Kris Pederson Mortgages questions relating to Mortgages, Finance, and Strategy

Kris is a respected commentator on the property and finance markets in New Zealand and overseas. He spends his time working closely with his support team sourcing clients leading edge finance strategies.

Owner occupier to landlord

Divya asks:

We are looking to buy a house to live in, but may consider renting it if it does not suit our needs. We are in the Auckland area and would appreciate advice on how our home loan may be affected if our owner occupied home becomes a rental. Will we need to meet the LVR investor restrictions even though it's our only property and has previously been owner occupied?



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Servicing equity

Lynda asks:

Having enough equity to go again is one thing, but being able to *service* that equity is something else! What is the best way to service equity in order to move on to another deal?



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Accessing equity

Hayley asks:

I am looking at using equity for another home. My parents currently own a home valued at $600,000 and there is $98,000 left to pay. How do I go about applying or could you recommend a bank that is easy to deal with?

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