Page 4 - Sharon Cullwick News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Healthy Homes: 'Significant' heating problem found as standards take effect Charlie Dreaver © RNZ / Dom Thomas The government's admitted to a "significant" problem with one part of the Healthy Homes Standards, the day they come into effect. It relates to the heating landlords have to install in apartments and new builds. As of today, private landlords must ensure their rental properties comply with the standards within 90 days of any new tenancy. There's been a major problem with the heating assessment - resulting in landlords buying heat pumps and heaters that are too large...

Tenants will be hit harder by debt-to-income ratios - investors © RNZ / Nate McKinnon Property investors say a debt-to-income ratio tool will limit the number of rental properties available. Finance Minister Grant Robertson has agreed in principle to let the Reserve Bank limit lending according to a person's income, rather than letting them leverage off the value of their existing assets. Robertson wants any upper limit to target the kind of borrowing terms typically only offered to investors - who often rely on existing assets, rather than income, to secure a mortgage to buy more property...

Photo: RNZ / Nate McKinnon Finance Minister Grant Robertson has agreed in principle to let the Reserve Bank limit lending according to a person's income, rather than letting them leverage off the value of their existing assets. Robertson wants any upper limit to target the kind of borrowing terms typically only offered to investors - who often rely on existing assets, rather than income, to secure a mortgage to buy more property. Property Investors' Federation chief executive Sharon Cullwick says this will have a deterrent effect on landlords wishing to buy. She says while the main government...

Investors should have confidence in new builds following the release of more information on the Government’s tax changes, an economist says.

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