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.
I'm interested in getting a start on the property ladder. I was thinking about investing in an Auckland CBD apartment and putting it on Airbnb. But it seems that the Covid-19 crisis has dealt a blow to that strategy. Do you think that is the case? Or do you think that it could be worth pursuing it a bit further down the track?
I purchased my first and only investment property a few years ago in my name only. I did not form a company but am wondering if I can do that now as my daughter and son in law want to buy a half share of the house and we will then hopefully purchase other properties together. Is this easily done?
We currently have a home and income property. We live in the three-bedroom flat and rent out the two-bedroom flat. Based on the floor area, the rental is about 36% of the whole property. Can we structure our home loan based on its market value at 36%-64% ratio?
We’d set the 34% at interest only and the rest with fixed/offset so we can pay off the main house where we live faster. I understand we can claim expenses including interest rates in the rental but not with the house we live.