Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.




74 posts

Master Geek
+1 received by user: 3


Topic # 222822 30-Aug-2017 09:39
Send private message

Any good or bad experiences with this company?

I found a thread from 2009 with some negative feedback https://www.geekzone.co.nz/forums.asp?forumid=48&topicid=54027

And the odd comment from 2012 like

Yeah, you are wrong. They had to fight the banks off (settled on NZHL btw, amazing outfit). Also dont forget there are 3 salaries backing this up, the rents are cream.


Potentially looking at moving our mortgage from a more traditional bank to these guys...

http://nzhl.co.nz


Thanks!

View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2
3311 posts

Uber Geek
+1 received by user: 1247


  Reply # 1855142 30-Aug-2017 09:54
One person supports this post
Send private message

I've used them.  No problems.  Good service.





Mike

957 posts

Ultimate Geek
+1 received by user: 363


  Reply # 1855184 30-Aug-2017 11:00
Send private message

A mate and his partner used NZHL for their first home. I believe they are good, and they got finance despite some banks denying them finance for their fist home. Just mind they don't try and con you into any insurance policies and/or life cover.


 
 
 
 


15331 posts

Uber Geek
+1 received by user: 4045

Trusted
Lifetime subscriber

  Reply # 1855206 30-Aug-2017 11:45
3 people support this post
Send private message

Wiggum:

 

A mate and his partner used NZHL for their first home. I believe they are good, and they got finance despite some banks denying them finance for their fist home. Just mind they don't try and con you into any insurance policies and/or life cover.

 

 

Not saying this is the case with your friend, however, there is usually a good reason that most banks won't loan someone money. Just because you CAN find someone to loan you money for a house, doesn't make it automatically a good idea. 

 

I have friends who over committed themselves to mortgages they could barely service, and when things went slightly wrong, they lose their house and a lot of money in the process. 

 

 


1329 posts

Uber Geek
+1 received by user: 546


  Reply # 1855211 30-Aug-2017 12:03
Send private message

We used them for a few years, as long as you're disciplined enough to make a revolving mortgage work, you'll be fine.


49 posts

Geek
+1 received by user: 2


  Reply # 1855217 30-Aug-2017 12:16
One person supports this post
Send private message

Have been with them over 10 years now.  Have been way better off with them than a traditional bank.

 

We have a great manager at Canterbury Metro in CHCH so that really helps. Annual reviews are great as you can see how you are tracking.

 

After CHCH earthquakes when we built she managed to secure insurance for us when other companies had closed there doors to taking on new risk

 

Canty Metro do alot to support the community which I believe is a real bonus.

 

We are a family of 2 working adults and 3 kids and there system has really worked for us.

 

Go talk to them and see what they can offer and how they can help, then make a decision if they are the right fit for you.

 

 


520 posts

Ultimate Geek
+1 received by user: 165


  Reply # 1855320 30-Aug-2017 15:20
Send private message

Wiggum:

 

A mate and his partner used NZHL for their first home. I believe they are good, and they got finance despite some banks denying them finance for their fist home. Just mind they don't try and con you into any insurance policies and/or life cover.

 

You've got to get insurance from somewhere - why not NZHL?





Amanon

957 posts

Ultimate Geek
+1 received by user: 363


  Reply # 1855328 30-Aug-2017 15:33
Send private message

Dulouz:

 

Wiggum:

 

A mate and his partner used NZHL for their first home. I believe they are good, and they got finance despite some banks denying them finance for their fist home. Just mind they don't try and con you into any insurance policies and/or life cover.

 

You've got to get insurance from somewhere - why not NZHL?

 

 

Yes agreed, but it was more a case of not having a choice to choose insurance from anybody else. The NZHL insurance options were more expensive, and not easy to back out of once taking the finance.


1198 posts

Uber Geek
+1 received by user: 444

Subscriber

  Reply # 1855332 30-Aug-2017 15:39
Send private message

Folks here say they are "not a traditional bank"... aren't they just a mortgage broker and not a bank at all?

 

 


237 posts

Master Geek
+1 received by user: 72


  Reply # 1855349 30-Aug-2017 16:14
Send private message

NZ Home Loans is a lender, they borrow money from (I think) Sovereign and Kiwibank.


957 posts

Ultimate Geek
+1 received by user: 363


  Reply # 1855352 30-Aug-2017 16:17
Send private message

marpada:

 

NZ Home Loans is a lender, they borrow money from (I think) Sovereign and Kiwibank.

 

 

Yes simular to NZCU Baywide.


1198 posts

Uber Geek
+1 received by user: 444

Subscriber

  Reply # 1855353 30-Aug-2017 16:18
Send private message

I looked at their website and couldn't see interest rates shown - are they competitive with the bank rates?

 

 


957 posts

Ultimate Geek
+1 received by user: 363


  Reply # 1855366 30-Aug-2017 16:31
One person supports this post
Send private message

kryptonjohn:

 

I looked at their website and couldn't see interest rates shown - are they competitive with the bank rates?

 

 

No. Banks are normally able to provide far better rates. But if you desperate to buy your first home, and banks have turned you away, it may be worth giving them a try. I have heard of people still getting loans today of close to 5% deposit though credit unions like NZCU Baywide. 

 

Credit Unions are not subjected to the same LVR rules as banks, and therefore don't need to enforce the 20% deposit thing. But you will probably end up paying a much higher interest rate.


3787 posts

Uber Geek
+1 received by user: 592

Trusted
Subscriber

  Reply # 1855380 30-Aug-2017 16:43
Send private message

I believe they are actually a subsidiary of Kiwibank.


3311 posts

Uber Geek
+1 received by user: 1247


  Reply # 1855416 30-Aug-2017 17:28
One person supports this post
Send private message

NZHL were bought by Kiwibank, they used to sell Sovereign insurance and make life insurance a condition of their mortgages.

 

I made a point of going with someone else for my life insurance.





Mike

3787 posts

Uber Geek
+1 received by user: 592

Trusted
Subscriber

  Reply # 1855435 30-Aug-2017 18:43
Send private message

No point in trying to sell me life insurance because I have an endowment policy that was taken out in the 1980s, and no alternative would make any financial sense!


 1 | 2
View this topic in a long page with up to 500 replies per page Create new topic



Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

New Zealand hits peak broadband data
Posted 18-Jan-2018 12:21


Amazon Echo devices coming to New Zealand early February 2018
Posted 18-Jan-2018 10:53


$3.74 million for new electric vehicles in New Zealand
Posted 17-Jan-2018 11:27


Nova 2i: Value, not excitement from Huawei
Posted 17-Jan-2018 09:02


Less news in Facebook News Feed revamp
Posted 15-Jan-2018 13:15


Australian Government contract awarded to Datacom Connect
Posted 11-Jan-2018 08:37


Why New Zealand needs a chief technology officer
Posted 6-Jan-2018 13:59


Amazon release Silk Browser and Firefox for Fire TV
Posted 21-Dec-2017 13:42


New Chief Technology Officer role created
Posted 19-Dec-2017 22:18


All I want for Christmas is a new EV
Posted 19-Dec-2017 19:54


How clever is this: AI will create 2.3 million jobs by 2020
Posted 19-Dec-2017 19:52


NOW to deploy SD-WAN to regional councils
Posted 19-Dec-2017 19:46


Mobile market competition issues ComCom should watch
Posted 18-Dec-2017 10:52


New Zealand government to create digital advisory group
Posted 16-Dec-2017 08:47


Australia datum changes means whole country moving 1.8 metres north-east
Posted 16-Dec-2017 08:39



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.