Introduction: Picture this: You've found the perfect house, the one that ticks all the boxes - the dream home you've been searching for. But wait! Before you get carried away with visions of cozy nights by the fireplace, there's something you need to know. Unconsented works can turn your dream into a financial nightmare, potentially costing you hundreds of thousands of dollars. In this article, we'll explore the risks involved and offer you valuable advice on navigating this tricky situation. Unconsented Works and Their Impact: Unconsented works refer to any additions or alterations made to a property without the proper council approval. A...

Knowledge is essential when it comes to investing in real estate. Making an informed purchasing decision requires knowledge of the potential home's condition, history, and risks. Property reports come into play in this situation. A property report is a compilation of various documents that provides a thorough profile of a home. It aids in having a better understanding of the house from a non-sales perspective. In this article, we will dive into the world of property reports, their usefulness, and how they can benefit both buyers and sellers. What is a Property Report Property Reports serve as an essential resource for...

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...

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 as of 1st...

Need a conveyancing quote? We Kiwis love the idea of owning our own homes, which is probably one of the main reasons why our property market is such a hotly contested one, as people at all stages in life jostle for a place on the property ladder.  In most of our cases, our homes will likely be our single most expensive asset – in fact, the purchase or sale of a residential property is probably the biggest, most important financial transaction most of us will ever make. A Conveyancing Quote for your NZ Property Transaction Our conveyancing lawyers at Auckland law firm, Quay...

Best Conveyancing Lawyer For Me? There are many factors to the selling, buying and refinancing of a property that cause far more trouble than you should have to face alone. A conveyance lawyer will protect you through the thick and thin of your property transaction. Which is the best conveyancing lawyer for me? "Conveyancing lawyer for me" - what does this really mean? We know that the Auckland housing market today is a touchy subject for most young homeowners-to-be. With ever-changing interest rates and many prime property purchase opportunities being snapped up faster than some of us can keep up with, home ownership...

You might have seen the recent announcement by BNZ about their new shared homeownership scheme. So, what exactly is it and what does it mean for people who are keen to take their first step onto the property ladder? As an Auckland lawfirm specialising in property law and conveyancing, here's our take: BNZ Shared Homeownership Scheme - The Details The BNZ shared home ownership scheme is not dissimilar to homebuying schemes which have been run in the UK and Ireland with success for a number of years. In summary, a first-time buyer teams up with an equity investor to co-purchase a house. The...

Whether you are already residing in New Zealand or are planning a move to New Zealand, you should be aware of the benefits and risks surrounding your application or current permits. Consider working with immigration consultants and lawyers?...