OHbaby! Forums : Mortgage Interest Rates/Accom Supplement https://www.ohbaby.co.nz/forum/ Copyright (c) 2006-2013 Web Wiz Forums - All Rights Reserved. Fri, 08 May 2026 07:48:08 +0000 Mon, 19 May 2008 18:18:00 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 12.05 360 https://www.ohbaby.co.nz/forum/RSS_post_feed.asp?TID=17368 <![CDATA[OHbaby! Forums]]> https://www.ohbaby.co.nz/forum/forum_images/web_wiz_forums.png https://www.ohbaby.co.nz/forum/ <![CDATA[Mortgage Interest Rates/Accom Supplement : Can you get their 9.29% one they...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388106&title=mortgage-interest-rates-accom-supplement#388106 Author: mummy_becks
Subject: 17368
Posted: 19 May 2008 at 6:18pm

Can you get their 9.29% one they have at the moment seeing as you have all your banking there including CC and insurance.

]]> Mon, 19 May 2008 18:18:00 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388106&title=mortgage-interest-rates-accom-supplement#388106 <![CDATA[Mortgage Interest Rates/Accom Supplement : I really don&#039;t think that...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388102&title=mortgage-interest-rates-accom-supplement#388102 Author: kebakat
Subject: 17368
Posted: 19 May 2008 at 6:15pm

I really don't think that BNZ will drop their rate of 9.45% which is the highest I've found, to the lowest I've found of 8.99%. That's a big jump]]> Mon, 19 May 2008 18:15:35 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388102&title=mortgage-interest-rates-accom-supplement#388102 <![CDATA[Mortgage Interest Rates/Accom Supplement : You can go to a mortgage broker...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388091&title=mortgage-interest-rates-accom-supplement#388091 Author: busymum
Subject: 17368
Posted: 19 May 2008 at 6:02pm

You can go to a mortgage broker for advice, we did, the current advice is no more than 2 1/2 yrs]]> Mon, 19 May 2008 18:02:17 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388091&title=mortgage-interest-rates-accom-supplement#388091 <![CDATA[Mortgage Interest Rates/Accom Supplement : Accom Supplement is done through...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388083&title=mortgage-interest-rates-accom-supplement#388083 Author: mummy_becks
Subject: 17368
Posted: 19 May 2008 at 5:49pm

Accom Supplement is done through WINZ and all you have to provide is income, rates, mortgage, insurance and something else which I can't remember. I wouldn't worry about the bonus and just give them a couple of DH's payslips to show them the income.

As for banks I have heard that Kiwibank in Palmy is really bad for customer service. Hopefully BNZ will come to the party here as I think they are wonderful.

]]> Mon, 19 May 2008 17:49:16 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388083&title=mortgage-interest-rates-accom-supplement#388083 <![CDATA[Mortgage Interest Rates/Accom Supplement : I&#039;ll bear that in mind thanks! We...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388073&title=mortgage-interest-rates-accom-supplement#388073 Author: kebakat
Subject: 17368
Posted: 19 May 2008 at 5:37pm

I'll bear that in mind thanks!

We will keep all our other banking with BNZ as we love what they can do for us there. It's just that what I worked out this avo with BNZ we would be looking at approx $100 increase in fortnightly payments. With kiwibank its $50 which is easier to find on a tight budget!]]> Mon, 19 May 2008 17:37:34 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388073&title=mortgage-interest-rates-accom-supplement#388073 <![CDATA[Mortgage Interest Rates/Accom Supplement : Just a word of warning Stacey,...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388052&title=mortgage-interest-rates-accom-supplement#388052 Author: T_Rex
Subject: 17368
Posted: 19 May 2008 at 5:16pm

Just a word of warning Stacey, we switched to Kiwibank in Palmy when we moved into this place (National wouldn't match their rate) because the rate was so much lower. It some ways it has been great, because we save heaps on interest, BUT once you've actually signed up, Kiwibank have appalling customer service and everything is just so HARD compared to what it was with national. Just a million little things that they seem to be sooo hopeless at. And make sure that you get the 'extras' they promise you in writing before you sign up.
Basically, you get what you pay for! Certainly when our term expires we will do our best to get another bank to come close to their rate just so we can ditch them and avoid the hassle! ]]> Mon, 19 May 2008 17:16:45 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388052&title=mortgage-interest-rates-accom-supplement#388052 <![CDATA[Mortgage Interest Rates/Accom Supplement : Accomodation Supplement is done...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388027&title=mortgage-interest-rates-accom-supplement#388027 Author: Peanut
Subject: 17368
Posted: 19 May 2008 at 4:43pm

Accomodation Supplement is done thru WINZ so you have to ring them. Can't remember the number but it is on the WFF website.

They are really helpful on the phone and its worth ringing even if you don't think you qualify or the calculator tells you that you don't. As I didn't and rang and actually do qualify for a little bit! ]]> Mon, 19 May 2008 16:43:58 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388027&title=mortgage-interest-rates-accom-supplement#388027 <![CDATA[Mortgage Interest Rates/Accom Supplement : We have decided that unless BNZ...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388019&title=mortgage-interest-rates-accom-supplement#388019 Author: kebakat
Subject: 17368
Posted: 19 May 2008 at 4:36pm

We have decided that unless BNZ can match kiwibank we are going to switch to kiwibank cause it's sooooo much better interest rate wise. But to get that good interest rate you have to fix for 2 yrs.

I'm going to have to work up the motivation to try and get through to IRD tomorrow about the accommodation supplement]]> Mon, 19 May 2008 16:36:14 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388019&title=mortgage-interest-rates-accom-supplement#388019 <![CDATA[Mortgage Interest Rates/Accom Supplement : Thanks Emma! *toddles off to play...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388013&title=mortgage-interest-rates-accom-supplement#388013 Author: emz
Subject: 17368
Posted: 19 May 2008 at 4:27pm

Thanks Emma! *toddles off to play with the calculator online to see what the threshold is*]]> Mon, 19 May 2008 16:27:17 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=388013&title=mortgage-interest-rates-accom-supplement#388013 <![CDATA[Mortgage Interest Rates/Accom Supplement : I heard Gareth Morgan on TV3 and...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387998&title=mortgage-interest-rates-accom-supplement#387998 Author: fire_engine
Subject: 17368
Posted: 19 May 2008 at 4:10pm

I heard Gareth Morgan on TV3 and he said fix 1 to 1 and 1/2 years if possible, cos they should come down in that time. From what I've seen, there's no huge advantage to fixing for longer (used to be up to a percentage difference if you were 2 years vs 5 years). We renegotiate in March (come down interest rates!) and will fix for 2 years probably.]]> Mon, 19 May 2008 16:10:08 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387998&title=mortgage-interest-rates-accom-supplement#387998 <![CDATA[Mortgage Interest Rates/Accom Supplement : Emz - Entitlement to Accomodation...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387820&title=mortgage-interest-rates-accom-supplement#387820 Author: Maya
Subject: 17368
Posted: 19 May 2008 at 12:54pm

Emz - Entitlement to Accomodation Supp is based on total household income. Once you are entitled, they work it out based on a percentage of your accomodation costs, the percentage varies based on whether you are boarding, renting or have a mortgage. And the max. amount payable varies depending on where you live, eg. Aucklanders have a higher maximum amount to reflect the fact that accomodation costs here are higher.]]> Mon, 19 May 2008 12:54:05 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387820&title=mortgage-interest-rates-accom-supplement#387820 <![CDATA[Mortgage Interest Rates/Accom Supplement : I rang kiwibank and they were...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387815&title=mortgage-interest-rates-accom-supplement#387815 Author: kebakat
Subject: 17368
Posted: 19 May 2008 at 12:48pm

I rang kiwibank and they were very interested in having our business. It will be an interesting discussion when I meet with our personal banker at BNZ]]> Mon, 19 May 2008 12:48:44 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387815&title=mortgage-interest-rates-accom-supplement#387815 <![CDATA[Mortgage Interest Rates/Accom Supplement : We just swtiched banks, from ANZ...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387801&title=mortgage-interest-rates-accom-supplement#387801 Author: Shorty
Subject: 17368
Posted: 19 May 2008 at 12:43pm

We just swtiched banks, from ANZ to NZHL. We didn't have to do a thing Our NZHL rep did it all. It is a good time to do it when you are due to re sign....
We found the rates are always negotiable (sp?) we were always able to get ANZ to match whatever the others banks were doing....so definately worth a discussion with your personal banker.
NZHL work with Kiwibank so they also have some great rates.
Sorry can't help with the accom. Supplement.]]> Mon, 19 May 2008 12:43:45 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387801&title=mortgage-interest-rates-accom-supplement#387801 <![CDATA[Mortgage Interest Rates/Accom Supplement : I&#039;ve heard 2 years too, luckily...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387793&title=mortgage-interest-rates-accom-supplement#387793 Author: emz
Subject: 17368
Posted: 19 May 2008 at 12:39pm

I've heard 2 years too, luckily we got our mortgage last year and fixed it for 3 so fingers crossed rates will be back down by then. Sucks aye Stacey!

As for the accomm supplement, I don't understand how when we contribute something like 70-80% of our income to our mortgage we still don't qualify for supplement? I'd like to know how exactly they work it out.]]> Mon, 19 May 2008 12:39:16 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387793&title=mortgage-interest-rates-accom-supplement#387793 <![CDATA[Mortgage Interest Rates/Accom Supplement : its really easy to swtich. most...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387786&title=mortgage-interest-rates-accom-supplement#387786 Author: peanut butter
Subject: 17368
Posted: 19 May 2008 at 12:33pm

its really easy to swtich. most banks are gagging for your business!]]> Mon, 19 May 2008 12:33:17 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387786&title=mortgage-interest-rates-accom-supplement#387786 <![CDATA[Mortgage Interest Rates/Accom Supplement : Yeah I just saw that, we own about...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387784&title=mortgage-interest-rates-accom-supplement#387784 Author: kebakat
Subject: 17368
Posted: 19 May 2008 at 12:32pm

Yeah I just saw that, we own about 40% of our house value so that's pretty cool.

I'm going to talk to my bank and see if they can match the interest rates of other banks, if not I may have to talk DH into switching banks for it. BNZ looks like the highest I've found so far grrr

(this is assuming its easy to switch - I don't know hardly anything about mortgages )]]> Mon, 19 May 2008 12:32:16 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387784&title=mortgage-interest-rates-accom-supplement#387784 <![CDATA[Mortgage Interest Rates/Accom Supplement : Kiwibank is currently doing 8.99%...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387777&title=mortgage-interest-rates-accom-supplement#387777 Author: shaz
Subject: 17368
Posted: 19 May 2008 at 12:24pm

Kiwibank is currently doing 8.99% if you are borrowing less than 80% of your house value so they are coming down. And they pretty much pay all the fee's etc apart from the discharge of your other Mortgage.
(no I don't work for them just been shopping aoround because we need to re fix ours too) ]]> Mon, 19 May 2008 12:24:57 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387777&title=mortgage-interest-rates-accom-supplement#387777 <![CDATA[Mortgage Interest Rates/Accom Supplement : we have to refix in October...as...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387773&title=mortgage-interest-rates-accom-supplement#387773 Author: peanut butter
Subject: 17368
Posted: 19 May 2008 at 12:19pm

we have to refix in October...as if much will be happening around then with the election and all so I guess we will see whats happening. I imagine 2 yrs is what we will do as I cant see dramatic changes happening over 2 yrs.

Go through a mortgage broker and they may be able to get you a lower rate!]]> Mon, 19 May 2008 12:19:02 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387773&title=mortgage-interest-rates-accom-supplement#387773 <![CDATA[Mortgage Interest Rates/Accom Supplement : Mine is coming up on 30/05. I...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387762&title=mortgage-interest-rates-accom-supplement#387762 Author: Roksana
Subject: 17368
Posted: 19 May 2008 at 12:09pm

Mine is coming up on 30/05. I am fixing it back up for two years...praying real hard that after 2 years it comes back down and doesnt go back up!!
I think with BNZ its 9.29 for two years. You can also lock the rate ...from what I hear it is going back up again!! ]]> Mon, 19 May 2008 12:09:36 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387762&title=mortgage-interest-rates-accom-supplement#387762 <![CDATA[Mortgage Interest Rates/Accom Supplement : Ours comes up for renewal in November,...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387740&title=mortgage-interest-rates-accom-supplement#387740 Author: peachy
Subject: 17368
Posted: 19 May 2008 at 11:51am

Ours comes up for renewal in November, at this stage we are planning to only fix for 1 year with how things are looking.]]> Mon, 19 May 2008 11:51:32 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387740&title=mortgage-interest-rates-accom-supplement#387740 <![CDATA[Mortgage Interest Rates/Accom Supplement : I don&#039;t know about the accom...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387727&title=mortgage-interest-rates-accom-supplement#387727 Author: minik8e
Subject: 17368
Posted: 19 May 2008 at 11:34am

I don't know about the accom supplement thing, but we fixed our mtge in February for 3 years. We were slightly lucky that we got in just before they rose again. Hopefully, according to most people, in 3 years the rates should have dropped a fair bit...most people are saying around 2 years is a good time.]]> Mon, 19 May 2008 11:34:20 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387727&title=mortgage-interest-rates-accom-supplement#387727 <![CDATA[Mortgage Interest Rates/Accom Supplement : I ended up paying back over $600...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387717&title=mortgage-interest-rates-accom-supplement#387717 Author: CuriousG
Subject: 17368
Posted: 19 May 2008 at 11:23am

I ended up paying back over $600 when I had Char because our income was variable. It sucks, you need the money at the time so why can't you just have it? I mean, I pay mega tax but the time I need help, I am denied it (or have to pay it back in this case). And yet there are so many people out there doing nothing and getting my tax. Dont get me started...

I would ring and ask if you are eligible and go from there. Better to be safe than sorry.]]> Mon, 19 May 2008 11:23:41 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387717&title=mortgage-interest-rates-accom-supplement#387717 <![CDATA[Mortgage Interest Rates/Accom Supplement : I *think* it&#039;s IRD since...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387713&title=mortgage-interest-rates-accom-supplement#387713 Author: kebakat
Subject: 17368
Posted: 19 May 2008 at 11:21am

I *think* it's IRD since I did the calc's on the WFF website.

They are guaranteed a bonus but the size isn't guaranteed. We have to totally guess that amount. It goes on how much money the branch makes in that quarter and then they get some amount which relates to that figure.]]> Mon, 19 May 2008 11:21:12 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387713&title=mortgage-interest-rates-accom-supplement#387713 <![CDATA[Mortgage Interest Rates/Accom Supplement : Hmmm not sure about the accom....]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387712&title=mortgage-interest-rates-accom-supplement#387712 Author: KH25
Subject: 17368
Posted: 19 May 2008 at 11:20am

Hmmm not sure about the accom. supplement. As for interest rates - they have dropped slightly in the last couple of weeks. And they are "predicted" to drop a bit next year sometime. I discussed this with our bank manager a few weeks ago as we are just about to start building so won't need a mortgage until November. Her advice was to fix for maybe 1 or 2 years and then the rates *should* be a bit lower ]]> Mon, 19 May 2008 11:20:07 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387712&title=mortgage-interest-rates-accom-supplement#387712 <![CDATA[Mortgage Interest Rates/Accom Supplement : Is the accom supplement from Winz...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387711&title=mortgage-interest-rates-accom-supplement#387711 Author: CuriousG
Subject: 17368
Posted: 19 May 2008 at 11:19am

Is the accom supplement from Winz or from IRD? If its Winz, you dont have to pay anything back do you if they overpay you as such?

And are his quarterly bonus's actually guaranteed? I would ring Winz and ask them.]]> Mon, 19 May 2008 11:19:10 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387711&title=mortgage-interest-rates-accom-supplement#387711 <![CDATA[Mortgage Interest Rates/Accom Supplement : Our fixed term for our interest...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387703&title=mortgage-interest-rates-accom-supplement#387703 Author: kebakat
Subject: 17368
Posted: 19 May 2008 at 11:12am

Our fixed term for our interest rate expires at the end of next month

We will go with fixed rather than floating because floating is just sooooo expensive... BUT..

How long should I fix it for? (what has everyone else done) I'd hate to fix it for ages and then have interest rates drop a fair bit.

I've used BNZ's calculator and now I have to find another $100 out of our budget to cover the increase

And I just wondered about the accomodation supplement. If we go by DH's fortnightly pay (before tax) we are eligible. BUT.. if I take his yearly salary and then add on an approx amount for how much he might get for bonus's and then figure out how much that would average out to fornightly we aren't eligible... does his quarterly bonus ' count? (I'm guessing everyone will say yes)]]> Mon, 19 May 2008 11:12:32 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=17368&PID=387703&title=mortgage-interest-rates-accom-supplement#387703