Blog

Mortgage Options due to COVID-19

We're here to help!

These are interesting times in New Zealand and around the world currently. We're all feeling it and the NZ banking system has come together to help kiwis in there time of need.

Most of the banks, along with the Reserve Bank and the NZ Government, have come together to offer clients options in terms of short term relief while they go through the lockdown and beyond due to the COVID-19 virus.

Complete the form and one of the My Mortgage team will come back to you with our advice and then help point you in the right direction to get access to your banks options.

Much Aroha and Stay Safe!

Adam, Claire, Hannah, Greg and the team at My Mortgage

Complete the form

Name

{{errors.first('rs-c666-bda9-217f', 'rs-c666-0691-11e8')}}

Email

{{errors.first('rs-c666-bda9-3709', 'rs-c666-0691-11e8')}}

Bank

{{errors.first('rs-c666-bda9-c5a6', 'rs-c666-0691-11e8')}}

How has your household income decreased since the onset of Covid-19?

{{errors.first('rs-c666-bda9-3004', 'rs-c666-0691-11e8')}}

Your other household expenses may be less during this time. Updating your budget to reflect this may allow for enough funds to flow through and pay your mortgage (please see budget template below). Do you feel this might be the case?

{{errors.first('rs-c666-bda9-cd13', 'rs-c666-0691-11e8')}}

How long are you likely to be off work/have lower than usual income?

{{errors.first('rs-c666-bda9-4cf7', 'rs-c666-0691-11e8')}}

Have you been laid off or just unable to work for the lockdown period because your normal role has a requirement for you to be on-site? (i.e. builder, store worker, etc)

{{errors.first('rs-c666-bda9-a731', 'rs-c666-0691-11e8')}}

Address

Message Sent.

COVID-19 Options, Support & Feedback - Westpac

Deferred mortgage repayments are available for six months, as agreed by the Government and banks. This deferral includes principal and interest repayments and is sometimes known as a mortgageRead more

COVID-19 Options, Support and Feedback for ANZ Clients

With ANZ being one of the biggest banks in New Zealand, they have been pretty front and centre for all of this COVID-19 response. Read more

COVID-19 Options, Support and Feedback for ASB Clients

If your income has been impacted directly by COVID-19, ASB are offering the following options for you: Interest only repayments on home loans for up to 6 monthsMortgage repayment deferral for up toRead more

COVID-19 Options, Support and Feedback for BNZ Clients

Changing your repayments If you’re currently paying more than the minimum repayment amount on your home loan, you might be able to reduce your current repayments. Interest only payments You mRead more

COVID-19 Options, Support & Feedback - Sovereign

Mortgage repayment deferrals If a Sovereign Home Loans customer has been impacted by COVID-19 these are some of the financial support options immediately available to them on a case-by-case basis: Read more

COVID-19 Mortgage Repayment Holiday. Good, bad or otherwise?

With mortgages most often being people's largest household expense, a mortgage repayment holiday sounds great doesn't it? Not needing to pay your mortgage for an extended period of time. Dreams do coRead more

Mortgage Repayment Holidays & Interest Only periods due to Covid-19

So we find ourselves in an interesting time where businesses are shut, most of us are trying to work from home, and we're uniting together as a community to stop the spread of Covid-19 and protectRead more

Is your Home Loan still floating? We need to talk!

If you've got a home loan which is sitting on floating and you've been getting around to fixing it... or perhaps a fixed loan expired and has just rolled on to floating then this message is reallyRead more

Navigate

Home
Who are we
News/Blog
FAQ's
What we do
Testimonials
Calculator
Contact
Apply Online

Services

First Home Buyers
Building Mortgages
Renovation Top Ups
Investment Property Loans
Sell & Buy with Ease
Pay mortgage off quicker
First Home Loan
First Home Grant

Locations

Cambridge
Te Awamutu
Matamata
Hamilton
Online

P: 0800 MY MORTGAGE

E: office@mymortgage.co.nz