_**Please Note:** This video was originally published on 2nd September 2022. While the information presented here may still be valuable, some aspects may be outdated._

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🏡 Attention NZ Resident Visa Holders: Buying Your Dream Home is Possible! 💫

Have you been told that purchasing a home on a NZ resident visa isn't possible? We're here to dispel that myth – because you CAN make your homeownership dreams a reality!

Discover how to navigate the process and secure the house you've always wanted with our simple guide.

For personalised guidance on your home loan journey, reach out to us at hello@tella.co.nz, and our friendly team will be happy to assist you every step of the way. 📧🔑

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How to buy your dream home on a New Zealand Residence Visa

_**Please Note:** This video was originally published on 7th July 2022. While the information presented here may still be valuable, some aspects may be outdated._

Why might you want to switch your home loan provider and what should you consider when doing so? In this video Ben will walk you through all you need to know and consider when refinancing your home loan.

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Make the SWITCH to improve your banking

_**Please Note:** This video was originally published on 7th June 2022. While the information presented here may still be valuable, some aspects may be outdated._

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Before buying your first home you'll need to save for a deposit. This Tella video guide covers what you need to know before you start saving. What can you afford to spend on a home and how much the bank will lend? It covers using KiwiSaver, Kainga Ora, and loans or gifts from parents. For the first home, we always want to make our deposit go far so it's important we cover off low deposit (low equity) loans and what this means in terms of cost. Take 5 minutes to get yourself up to speed before using some of the great calculators and guides on the Tella website.

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Saving for a home loan deposit

The Official Cash Rate has been reduced again (as widely expected), this time by 0.25% to 3.50%.

While some banks have already reduced their floating rates as a result of this announcement, we're watching closely to see how (and if) fixed interest rates will respond. The impact of global trade uncertainties, like Trump's tariffs, also adds a layer of complexity to where rates might head. We're also seeing movement on the swap curve: 

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_1-year swap rates: The downward trend is a key indicator of potential reductions in fixed mortgage rates._

Regardless of how interest rates settle, taking proactive steps towards your financial goals is always a smart move. Even with these wider economic shifts, you can still take charge of your financial situation. This latest OCR move is a good reminder to review your options, whether you're aiming for your first home, considering investment, or just want to ensure you have the best mortgage deal.

[Book a free, no obligations, chat](https://calendly.com/tella-advisors/chat-with-a-mortgage-expert-15min) with one of our home loan specialists today.

We’re here to guide you every step of the way.


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Reserve bank cuts OCR again

Have you noticed the buzz in the property market lately? There's a sense of change in the air, with agents reporting increased activity and developers starting projects again. This isn't just talk – it's a genuine shift, and we're seeing some interesting trends emerge. Let's delve into what's happening and how you can make the most of it.

### **Here’s what we’re seeing:**
- **Real Estate Optimism:** Agents are reporting a noticeable improvement, with increased activity and faster sales.
- **Developer Confidence:** Property developers are restarting projects after a two-year pause, signalling renewed confidence.
- **Lender Aggression:** Banks are actively competing for business, leading to a more favourable lending environment.
This combination of factors presents exciting opportunities for those looking to buy or refinance.

While we're not seeing the historically low 3% interest rates (and likely won't again), rates below 5% are significantly better than the 40-year average of 7%. Notably, over the past few months, we've seeing banks becoming more flexible with loan approvals, making it easier to get that home loan.

Looking ahead, the global landscape remains uncertain, with events like gold now above USD$3,000/ounce which is a sign of investors rushing to safety. However, within our industry, we expect:
- **Further OCR Cuts:** We align with bank economists who predict the Official Cash Rate will fall to 3-3.25% by year's end.
- **Lower Fixed Rates:** It's possible longer-term fixed interest rates (3-5 years) could drop to or below 5% by the end of the year, driven by both economic factors and banks' need to grow their portfolios.

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_2-year swap rates: The downward trend is a key indicator of potential reductions in fixed mortgage rates._


### **What This Means for You:**

**Increased Borrowing Potential:**
- The current lending environment can open doors to increased borrowing capacity, allowing you to pursue your property goals.

**Strategic Savings Opportunities:** 
- Potential further interest rate reductions present opportunities to optimise your mortgage and reduce long-term costs.

**Proactive Decision-Making:** 
- Understanding these market dynamics enables you to make informed, timely decisions to maximise your financial position.

### **Your Next Steps:**
- [Book a free chat](https://calendly.com/tella-advisors/chat-with-a-mortgage-expert-15min): Let's discuss your specific situation and develop a tailored plan. 
- **Stay Informed:** Keep an eye out for our updates as the market evolves.
We're here to guide you through these market shifts and help you capitalise on the opportunities. 

Whether you're looking to buy, refinance, or simply understand your options, we're ready to assist. We're committed to providing you with clear, actionable advice to help you achieve your homeownership and financial goals.

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Maximise your savings: Navigating today's mortgage market

It’s that time of year where our team get out to the beach, or out on the mountain biking tracks spending time with our family and friends.

We'll be soaking up the sun and recharging our batteries, but let's talk about our wins for this year.

Before we dive into holiday mode, we want to thank you for being a part of our journey. This year, we've celebrated countless homeownership victories with you.

### **Here are a few highlights:**
- **Global Homeownership:** We helped a New Zealand family based in Timor-Leste secure a home loan for an investment property in New Zealand to return back too (one day). We’ve helped clients all over the world, but Timor-Leste was the most surprising request. 
- **Age is No Barrier:** Our oldest client to be approved a home loan with a bank was a remarkable 72-year-old. 
- **The Next Generation of Homeowners:** We’ve helped many young individuals and couples into home ownership. It seems 25-years old is the average starting age for our first home buyers embarking on their property journey.
- **Rural NZ has been busy:** Timaru, Tokomaru, Taumarunui, Marton, Mangawhai, Kaiaua, Hikirangi and Renwick to name a few places, we have definitely seen more purchases this year outside the main centres. 
- **Most unlikely approval:**  It started with an email: “Its a proceeds of crime sale, and is selling as is where is by the court appointed lawyer.  It needs ‘some’ work but they are selling quite a bit below CV. All offers must be in tomorrow by 10am”. We got them approved, with 90% lending for first home buyers and they moved in a bit over a month later, ready to start the work.  

### **Let’s make 2025 your best year yet.**
Need help with your home loan? Contact us on 0800 4 TELLA (0800 4 83552) when you’re back into the swing of things or [book a free, no-obligation consultation](https://calendly.com/tella-advisors/chat-with-ben) for the New Year. We're here to help you achieve your homeownership dreams.

Wishing you a Merry Christmas and happy holiday season. Here’s hoping for a sunshine summer, plenty of BBQ’s and a time filled with laughter, love, and relaxation.  

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That's a Wrap

A new digital portal that allows people to apply for home loans via the OneRoof property website has been launched by New Zealand Media and Entertainment (NZME) and home loan provider Tella.

The portal sees OneRoof broadening its offering, meaning Kiwis can now use the real estate platform to see out their entire property journey from start to finish. Whether it’s reading all the latest real estate industry news, seamlessly search for their new home, finding out what it could be worth, or arranging home loan financing, it will now be available all under the one roof.

Chief of OneRoof, Greg Hornblow, says: “As one of the country’s leading property portals, OneRoof continues to innovate and simplify the property journey for Kiwis. The property industry is constantly evolving and we are proud to be at the forefront of innovation in this space. Since launching just a few weeks ago, we’ve seen a large number of users interacting with the calculator and completing the home loan application process.

“We’re pleased to be offering a new tool that aims to simplify the property buying process for home buyers, homeowners, and investors, providing a quality user experience and opening the door to a new era of property purchase and investment in New Zealand.

“OneRoof empowers consumers by equipping them with the right insights so they can make informed decisions. By combining our company values and goals with that of our home loan partner Tella, we believe we can positively revolutionise the property sector for Kiwis,” says Hornblow.

Tella CEO, Andrew Chambers, says: “Having a strong real estate platform as a partner was always on the cards, and over the last couple of years, it’s been a pleasure building that relationship with OneRoof. The two businesses are both market leaders in tech innovation within their segments and look forward to a successful partnership in bringing the two together for an amazing user experience.”

OneRoof Home Loans, powered by Tella, can be accessed at [OneRoof.co.nz](https://www.oneroof.co.nz/advice/home-loans).

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OneRoof and Tella launch new digital home loans portal for Kiwis

Exciting news for homeowners and anyone considering buying a home! We're approaching the **27th of November**, and most experts predict the **OCR will drop to 4.25%**. This could mean lower interest rates and potential savings!!

However, there's a twist: While this is great news, it's important to remember that **fixed mortgage rates are influenced by debt swap rates**, which has been creeping upwards in recent weeks. This means even though the floating rate might drop, fixed rates could go the other way.

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**So, what does this mean for you?**

If you've been waiting for mortgage rates to drop further, it might be a good idea to lock in a rate today before they potentially increase. Click [here](https://calendly.com/tella-advisors/chat-with-a-mortgage-expert-15min?) to book in a time to chat with one of our mortgage experts – we can help you find the best option for your situation. 

**Positive Market Trends**

Real estate agents are also reporting a more positive outlook, with buyers and sellers connecting and properties selling faster. While house prices may remain flat, there's a renewed sense of activity in the market. With increased buyer activity and properties selling faster, now is a great time to seize the opportunity and secure your dream home.

**Refer a Friend and Earn $250!**

Know someone who's looking for a mortgage? Refer them to Tella, and if they take out a home loan before 31/01/2025 of over $100,000 directly through Tella, you'll receive a $250 bonus. It’s our way of saying thanks for spreading the word.

**Ready to take the next step?**

Let's unlock your homeownership dreams!  [Book a free, no obligations, chat](https://calendly.com/tella-advisors/chat-with-a-mortgage-expert-15min) with one of our home loan specialists today.

We’re here to guide you every step of the way.



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Does an OCR drop automatically mean lower home loan rates?