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.

Getting into investing

Jane asks:

I have a freehold house in Birkenhead, Auckland. The last RV was $1.51 million. Given current low interest rates and the slowdown of the North Shore market, I'm thinking it might be a good time to look at investing in a rental property. What would be your advice on this?





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Maximising borrowing potential

Michael asks:

I currently own my house which I have renovated over the previous six years. The new market value has come back at $305,000 with me owing only $148,000. I want to keep this property as a rental as it has been appraised at $400 per week.

However, I need the maximum amount of equity out of it to purchase my next property with my partner. She has a $30,000 deposit in cash. I also have a company for my engineering contracting work. Am I best to transfer the current house into the company or how should I structure this for the best deposit on the next property?

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Equity for family purchase?

Gerrit asks:

We own a home in Cambridge. Its value on is $845,000 to $920,000. The outstanding amount on the mortgage is $460,000. Both my wife and I are self-employed and we have three kids.

As we are self-employed, our accountant does a good job showing as little as possible income. Our total income is $170,000 but our net profit is only $80,000. Our cars are in cash. We have credit card debt of about $20,000.

Our parents are South African and we would like to buy a property with them in New Zealand using the equity in our house. What do they need to bring to the table so we can use our equity? How can we set this up so we can do something like this together?




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