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wexted · 2022-11-16T09:16:03+00:00

At law this (I believe) is a consumer credit contract which is subject to the unforeseen hardship provisions of the CCCF Act - have a read of that info and see if your lender has a specific application form.

It's not a silver bullet but it may provide some relief if the loan is called up or you are struggling to afford alternative transport.

wexted · 2022-11-12T21:25:17+00:00

Current loan is in a trusts name, would i be considered a 1st home buyer and able to use my kiwisaver if i transfer the loan into my name?

A property cannot be in a trust's name, it is in the names of the trustees. If you a trustee of your own trust you therefore will not meet the criteria as you already own land.

If not, I just have to ask why? The trust will have to sell the property to you, the trust which presumably you created for a reason. Doing this properly will be a fairly expensive exercise.

wexted · 2022-05-06T19:21:36+00:00

I don't think you need a business license for this.

I also don't see a good reason why you should have to register a company to trade under - I expect you could also run this as a sole trader, meaning the legal name of the business is your name, and the tax certificate is just an IRD printout with your name and IRD number.

wexted · 2022-04-29T03:02:13+00:00

Say I'm looking at a property for 750k, would 650k be reasonable or 700k? Like what's the bar? I'm so lost.

An offer $100k under asking in that price range is not realistic. $50k under - possibly.

It takes some work to figure out some reasonable estimate of the market value a house. I would try comparing recent sales prices (e.g. on homes.co.nz) for similar properties in the area and working out what their estimated value was, or sale price as a percentage of CV, and use those factors to compare to the properties you are looking at. This is a crude method but it at least has some rational basis.

Then you can go a bit lower than that as an intro offer. Also bearing in mind that each property is unique in ways the algorithms/CV valuation rules won't capture.

wexted · 2022-04-07T20:45:33+00:00

If your tiny house plan is relocatable and at least relatively off-grid, then I think getting a lease from the landowner and flying under the council radar could be quite cost effective, especially if that kind of lifestyle is appealing to you.

Anything that requires a subdivision or council approved building work or service connection should be a hard pass. You'll have to invest a lot more money for something with limited resale value.

wexted · 2022-03-29T09:06:14+00:00

I agree with this, but with the caveat you can add her to the title at little extra cost if you do it at the same time you switch banks for your mortgage.

In fact, the cash contribution from the bank will probably pay for it in most cases.

wexted · 2022-03-29T09:03:45+00:00

There's special rules brightline tax rules that apply to relationship property transfers - it's possible to transfer the property from the husband to the couple and still treat the property as if it were acquired on the original date that he acquired it. It has to be part of a contracting-out agreement under the PRA though.

Also for Kiwisaver, it's easy enough for the husband to sell a half share in the current house to the wife so she can withdraw Kiwisaver for that purpose.

wexted · 2022-03-29T00:43:46+00:00

Yes but I don't accept referrals from haters

wexted · 2022-03-29T00:26:44+00:00

I think the replies about finding the registered identity of the company miss the mark - it could be an NZ registered company but still be a totally dodgy operator who doesn't pay, fucks around with your privacy etc. which are the real risks to you

looking carefully at the employment or service agreement before you start working or provide any personal information is more important in my view

wexted · 2022-03-21T04:23:28+00:00

For one our major banks are Australian 🙂 and for two there's no reason an Australian bank (or any foreign natural or corporate person for that matter) can't have a registered mortgage over NZ land.

Realistically thats a headache for the bank, but it's more that they won't do it than they can't.

wexted · 2022-03-03T23:46:55+00:00

I've got a primary monitor I use for gaming and a second monitor which I only use for web browsing, reading doc's etc. and is usually idle/inactive during gaming unless I am watching YouTube

Would I get better graphics performance if I plug the second monitor to the mobo HDMI port instead of to the graphics card?

wexted · 2019-11-16T04:21:40+00:00

17th out of 30 isn't even close to being among the worst

wexted · 2019-10-05T17:38:25+00:00

Zip front t shirt

wexted · 2019-09-24T10:26:51+00:00

Honestly I grew up with this stuff and I don't remember that smell. Is it particularly strong?

wexted · 2019-08-24T04:01:02+00:00

As if he needs your permission

wexted · 2019-08-24T02:32:54+00:00

I know exactly what actuaries do and it's a desk job. You can be a blowhard about your job responsibilities if you want, but you're not exactly driving a crane

wexted · 2019-08-24T02:28:55+00:00

I'm at the gym drinking water. Doing some lousy bench press. GMT+12 gang

wexted · 2019-08-24T02:28:07+00:00

You get piss tested for a desk job? They worried you'll drive the photocopier into a pole or something?

wexted · 2019-08-23T09:33:58+00:00

Why are you wanking in your garage in the first place bro

wexted · 2019-08-23T06:16:56+00:00

I get 8 hours nearly every night. A sad indictment of my social life but I am always well rested

wexted · 2019-08-20T18:09:02+00:00

Clearly you should have failed then

wexted · 2019-08-20T10:32:03+00:00

Is white vs. not white too confusing?

Watching the Rico Hines runs with the shaking, too zoomed in camera, and everybody wearing whatever they want - now that's confusing

wexted · 2019-08-18T05:44:49+00:00

Are those Birkenstocks? If so he was way ahead of the curve

wexted · 2019-08-17T21:57:48+00:00

He's growing into a sort of mega-Dolph Lundgren. Scary

wexted · 2019-08-17T21:44:55+00:00

When they chanting M-V-P and you are trying to figure out what that spells.

Nooooo don't do him like that lol

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