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.

Friendly loan help

Rob asks:

We are about to take out our first mortgage to build a new house. Upon build completion we should make $150,000 equity, which we want to use for a do-up buy/sell. We plan to use revolving credit for that. As we might be limited in our repayment capacity for two mortgages we want to know if it technically possible to team up with our friend who will "buy" the property - but we'll use our revolving credit to pay the mortgage repayments?

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Missed Hamilton boat?

Cara asks:

We have been looking in Hamilton for an investment property and prices seem to have taken off. We are looking at a place in Deanwell. The house next door sold for $265,000 in December (same size section, house, CV, rooms) and the one we are looking at has a fixed price of $319,000. Have we missed the Hamilton boat? We are looking at least a 10 year investment. Should we snap something up?

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Securing finance for Trust investment

Rachel asks:

Our family trust has a freehold property, which is worth approximately $200,000 in Otago. We are now looking at investing in Christchurch.

As we are absolute beginners in this area,could you please advise on the process that we need to go through to secure finance for a deposit for an investment property in Christchurch from the freehold property that we currently have?




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