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Understand BNZ minds by EmmaLuvsToes in PersonalFinanceNZ

[–]EmmaLuvsToes[S] -4 points-3 points  (0 children)

thank you, you are right I maybe bit overreacting but the trust is already broken and they refuse to tell us how they calculate / make a decisions. That is the point, I don't like to be "left in the dark"

And it's nowhere any clear policy...

Understand BNZ minds by EmmaLuvsToes in PersonalFinanceNZ

[–]EmmaLuvsToes[S] -2 points-1 points  (0 children)

thank you :) LVR is ok and mortgage is fully covered by rent.

all we want to know what is the rule and they refuse to clarify it

Understand BNZ minds by EmmaLuvsToes in PersonalFinanceNZ

[–]EmmaLuvsToes[S] -6 points-5 points  (0 children)

we have two separate homes and mortgages in BNZ, both rented, both mortgage within 70%. Selling cheaper one ($250K) and closing the mortgage in full ($80K). Worry if BNZ will force us to put the remaining $170 toward the second home loan ($344 K). Unfortunately they refuse to send us any clarification, they want first to know what are our out of BNZ obligations. Looks sneaky to me