Investors and mortgage payers should prepare for higher mortgage years as the economy starts to build up again.
With Covid vaccines and our borders opening to Australia, the New Zealand economy will likely improve and slowly go back to how it once was, affecting mortgage rates in the process. Exactly how much these raters will be changing also depends on inflation, which is difficult to predict.
The fact that in the first four months of 2021, they have already risen by about 0.5% also points towards the increasing trend. Hayman Lawyers can help refinance your mortgage if you aren’t satisfied with your current interest rate and have found a bank that aligns better with your situation.
As specialist property lawyers, we can help explain what the interest rates mean and what the best option for the repayment of your mortgage might be. We can support your property journey from the beginning of buying, right until the discharge of your mortgage. If you are worried about what these interest rate increases might mean to you, don’t hesitate to engage our services.
Hayman Lawyers are specialist lawyers offering services in property, business, employment law, trusts and wills to anyone in the Wellington region. The solution-oriented professional team puts the relationships with our customers at the forefront, and we strive to get the best outcome for anyone engaging our services. Contact us now if you need legal support with your property and mortgage.
For more information, visit our website at https://haymanlawyers.co.nz/.