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Current Posts
07 February 2024
07 February 2024
07 February 2024
03 November 2023
09 October 2023
29 August 2023
29 August 2023
Increased options for non-bank property finance
Here at Finance New Zealand, we continue to see changes in the property finance landscape. We are seeing the main banks taking a more cautious approach when it comes to property secured lending. There are, however, a range of non-bank funding options available for segments of the market.
29 August 2023
01 August 2023
27 June 2023
09 June 2023
19 April 2023
19 April 2023
19 April 2023
Protecting your business with the right insurance
While Finance New Zealand is not an insurance provider, and because insurance is mandatory with most of the commercial financing products that we can offer customers, we are keenly aware of the potential financial implications if a customer has not had the right level of insurance cover in place.
18 April 2023
18 April 2023
Reflections from the North Island weather events
Two months on from the weather events that severely impacted the North Island, the impacts in the affected regions are being felt far and wide. We spoke to Kim Matthews of Rothbury Insurance and based in the Hawkes Bay to understand what she is experiencing with her clients on the ground in and around the North Island.
05 April 2023
27 February 2023
23 February 2023
23 February 2023
17 February 2023
13 January 2023
13 January 2023
Adapting to a world of increasing interest costs …
Adaptation was probably the theme for 2022, when most people and businesses experienced a period of rapid change as a result of a world entering a post-COVID environment combined with international events that have seen the costs of living and inflation skyrocket.
13 January 2023
13 January 2023
How effectively is your business finance structured for 2023?
With 2023 predicted to be a year where the economic environment is likely to continue to be challenging, now could be a good time to look into your business’s funding structure to make sure that it is suitable and most effectively meets both your business and personal goals.
28 November 2022
14 November 2022
14 November 2022
The only way is up
Upwards movement is something that seems to be a constant in all our lives now, but the media seem laser-focused on the largely negative and obvious factors such as interest rate increases, sky rocketing inflation and significant increases to the cost of living and doing business.
11 November 2022
23 August 2022
23 August 2022
08 July 2022
08 July 2022
Positioning your business for a tougher economic environment
It’s no secret that we’re in a more challenging economic cycle at the moment and hot off the tails of the COVID pandemic we are now in the midst of a tough environment that is likely to be with us for a while and which is having broad reaching impacts on individuals and businesses alike.
08 July 2022
08 July 2022
Minimising rising interest costs and making good finance choices…
While we all have to face the reality of rising interest rates and the personal and business impacts that come from this, it is a good time to consider and review your overall financing strategy to assess whether you have the right finance in place that is appropriate for your specific business needs.
24 May 2022
24 May 2022
16 May 2022
15 March 2022
15 March 2022
15 March 2022
The Impact of the CCCFA on Business Lending
While well intentioned, the changes to the Credit Contracts and Consumer Finance Act 2003 (“CCCFA”) that came into force on the 1st of December, 2021 have had well published negative impacts on lending activity, making it harder and much more intrusive for many borrowers to obtain new lending or even to restructure existing funding.
15 January 2022
15 January 2022
The Impact of the CCCFA on Business Lending
On the 1st of December 2021, major changes to the Credit Contracts and Consumer Finance Act 2003 (“CCCFA”) came into force. These changes materially impact all applications for consumer credit including home loans as well as lending to purchase assets such as vehicles or boats.
06 October 2021
06 October 2021
06 October 2021
Growth of Non-Bank Lenders
We continue to see changes in the structure of the property finance industry. Main bank appetite remains limited with the major banks “cherry picking” what they deem to be lower risk transactions. Some are more aggressive than others and may look at deals other banks have said no to.
06 October 2021
06 October 2021
Building Consents Hit Record Levels
The construction industry continues with very high level of activity across most of the country. Supply and labour issues are a constraining factor, but forward-looking indicators, such as building consents, do not suggest any slowdown in the short to medium term.
28 July 2021
28 July 2021
Valuation requirements when funding property or assets
Independent valuations have always been a subjective requirement that lenders condition into lending approvals as they feel necessary, or as their own policies require. This has been the case both for purchasing or raising money against plant & machinery assets, or for lending against commercial or residential property.
10 June 2021
10 June 2021
22 April 2021
22 April 2021
15 January 2021
15 January 2021
Trading through financial difficulty
A recent Supreme Court decision has restated potential Director liabilities when continuing to trade a company that is in financial difficulty. This is a situation we see from time to time, particularly when external market events impact one of our clients or when we are referred a funding transaction that involves restructuring existing debt to help a company recover after a period of weak trading.
15 January 2021
15 January 2021
We celebrate our five-year milestone and welcome five new Business Partners.
On the 9th of November 2020, Finance New Zealand celebrated its five-year anniversary. Over this time, the team has grown from 8 to 35, and we have over 650 years of cumulative business and asset finance lending experience between us.
15 January 2021
09 September 2020
09 September 2020
09 September 2020
Subsidised dealer-based funding
When buying vehicles or machinery, the dealership will often offer finance for the machine. Headline interest rates are often competitive, and in many cases heavily subsidised. How this funding is structured means there are a few catches to be aware of.
04 August 2020
04 August 2020
Protect your business with the PPSR
As economic activity resumes it is important that customers that are purchasing equipment, or are engaging in rental or hire of the vehicles or machinery to external parties, carefully consider risks associated with the Personal Properties Security Act.
05 February 2020
05 February 2020
05 February 2020
17 December 2019
17 December 2019
10 November 2019
14 September 2019
14 September 2019
27 July 2019
27 July 2019
27 July 2019
29 May 2019
29 May 2019
29 May 2019
29 May 2019
29 May 2019
01 April 2019
01 April 2019
01 April 2019
21 January 2019
21 January 2019
21 January 2019
10 December 2018
16 October 2018
16 October 2018
10 September 2018
10 September 2018
10 September 2018
10 September 2018
10 September 2018
Documents needed to comply with AML Act
Recent changes to the law mean that from July 1 this year, finance professionals (amongst other ‘reporting entities’ such as lawyers and real estate agents) must conduct due diligence on their customers and maintain appropriate records, as part of complying with the Anti-Money Laundering Act.
25 June 2018
24 June 2018
24 June 2018
18 April 2018
18 April 2018
15 April 2018
20 February 2018
20 February 2018
09 November 2017
09 November 2017
08 November 2017
04 October 2017
02 October 2017
02 October 2017
02 October 2017
09 August 2017
09 August 2017
08 August 2017
08 August 2017
01 June 2017
01 June 2017
01 June 2017
09 May 2017
09 May 2017
09 May 2017
09 May 2017
06 December 2016
06 December 2016
06 December 2016
06 December 2016
02 December 2016
10 November 2016
08 November 2016
08 November 2016
11 October 2016
04 September 2016
04 September 2016
04 September 2016
04 September 2016
Types of working capital funding
Access to cash is an important part of keeping your business afloat. It doesn’t matter how many projects you have lined up, how much gear you’ve got in the yard, if you can’t pay your staff or your bills, things are going to get very difficult, and quickly.
04 September 2016
04 July 2016
28 June 2016
28 June 2016
27 June 2016
27 June 2016
27 June 2016
30 May 2016
26 April 2016
26 April 2016
26 April 2016
26 April 2016
10 September 2015
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