13 Jul

Posted at 01:20h in Newspaper & Other Articles
A growing number of older people are finding themselves struggling to pay their children’s mortgages. And the problem is set to worsen as banks encourage families to collaborate financially to circumvent tightened lending criteria.

16 Jun

Posted at 00:11h in News from Quay Law
Being able to watch your children purchase their first home is an important milestone for any parent. As a parent, you play an important part in your child’s home ownership journey. From providing them with financial literacy and education in the early years to setting up credit cards and bank accounts in the later years, your involvement can make a real difference. In this article, we will delve into some practical tips and strategies to assist you in helping your child purchase their first home. Start Early with Financial Literacy It’s important for a child to build strong financial literacy...

19 Nov

Posted at 11:07h in News from Quay Law
With these changes to borrowing and lending on the way – refinancing, getting a mortgage, buying and selling property may come with new stresses. Our Quay Law lawyers have shared this article (originally sourced from stuff.co.nz ) with you as you may find it of interest. It would possibly be applicable if you are refinancing or buying/selling a property. Loan-to-value restrictions (LVRs) have been suggested as a solution to help cool the housing market down. Reintroduce house loan deposit rules At 9 am on Wednesday 17, the Reserve Bank has announced that it will be reintroducing LVRs for risky lenders...

26 Apr

Posted at 10:06h in Wills and Estate Management
If you should die, having a valid will, also known as a “last will and testament”, is the only way to ensure that your assets and possessions are distributed to the people that you want them to go to, and in the way that you want them to be distributed to those people.