Ruby Anderson, Taupo mortgage broker at https://mortgagebrokersnz.info/waikato/taupo
Most of the demand for mortgage brokers in New Zealand comes from the small handful of large size where most of the property transactions are taking place. In these large cities the competition for mortgage brokers is intense, and none more so than in the area of Google search on Internet. Some years ago a very small handful of large mortgage broking companies worked out that Internet search was going to become the dominant marketing tool for mortgage brokers simply because that was the dominant trend for people searching for products and services. These companies invested a very large amount of money to make certain that they were well positioned in this market.
At the time the companies that made this investments may not have been large but they were certainly very ambitious and in some cases individual mortgage brokers took out a mortgage on their house and their parents house for example in order to fund their business start up. They would have spent a lot of money on hiring very good mortgage brokers but they would have also spent a very large amount of money on marketing, and particularly on developing their website and optimising it for Google search. At the time this would have taken a great leap of faith, because the actual performance of Google search was and still is only truly understood by a small proportion of the market (check out www.MortgageBrokersNZ.info for more details).
The truth is that for Google search the only results that matter are those websites that end up in the top three positions, as these three websites will collectively attract over 65% of all the Google search traffic for any particular search term, and the remaining 35% will be distributed among everybody else, which could be many dozens of other websites. Anybody understanding that very important fact realises that nothing is more important than making sure their website ranks in the top three for all the major search terms of mortgage brokers in New Zealand. The importance of this dwarfs anything else in terms of how they structure their company, because they simply attract so much new business to their website.
In the New Zealand market the small handful of countries that have understood this and made the necessary very significant investment are doing very nicely, as even in quiet times they have a steady stream of new clients coming in through the door everyday. This actually skews the market somewhat, as these large companies get so much new business that they can afford to be fairly brutal in filtering out the customers before they fire them on to the mortgage brokers. These large broking companies tend to dominate the easy clients that are going to be straightforward with their applications, and they leave the rest of the independent and smaller brokers to handle all the remaining clients who have difficulties and so will not be guaranteed to get a mortgage.
Government regulations introduced in 2012 mean that all mortgage brokers need to be registered and qualified as licensed financial advisers, and this one requirement meant that a lot of brokers left the market at the time. The financial examinations that need to be passed are difficult, plus the regulations introduced place obligations on the broker to be part of a dispute resolution process and also to have a formal complaints process within the organisation.
All mortgage brokers in Bay of Plenty today should theoretically be both qualified and registered, about when perusing the websites one may find that a number of brokers do not state explicitly that they are qualified and registered. This may not indicate that they are not qualified and registered, but what it does do is indicate to a potential client that the broker does not believe that it is important to state the fact.
On the other hand many if not most brokers openly display a disclosure statement on their website that includes their full academic qualifications and industry exams that have passed plus their registration certificate and number. Potential clients are well advised to be very careful when choosing a mortgage broker, as a broker who does not openly display their qualifications and registrations may not believe that this is important and therefore may hope that the client does not know that this is actually important. In this case if a potential client is interested in taking on a broker that does not display their qualifications then the client should explicitly ask them about their qualifications and legal ability to practice as a financial advisor.
There is a very large benefit for clients that fully understand their rights when dealing with mortgage brokers in Hamilton, and what they can do is demonstrate that they understand that the time they are discussing the prospect of doing business with them. What this does is lay down the client’s needs at the beginning of the process, and if the broker is indeed not comfortable with their legal obligations then this will come out during the upfront discussions and in that case those brokers should really be avoided.
The brokers that are fully qualified and legally registered, and this should be all of them but perhaps it isn’t, will be in a position to provide a good professional service and a manor that minimises any risks for the client.
The mortgage broker industry in New Zealand has a major impact on the housing market, given that they write at least 40% of all the new mortgages every year. The individual mortgage broking companies operate in a wide continuum of high tech and low tech, and they use quite radically different business models in order to generate new business and to thrive.
At the low-tech end they’re mostly small and independent brokers who rely on the tried and true methods such as repeat business and high quality referrals from their networks of real estate agents, developers and banks and other lenders. These brokers have generally built up their networks over a long time, and although the work is hard they can do very well simply because they deliver excellent service.
At the Hi-Tech end of the market the mortgage brokers, who are generally working in a small handful of large businesses, are basing a large volume of their new business on what arrives over the Internet. In general most of the mortgage brokers in Wellington do not understand the sheer volume of new business that is generated over the Internet on a daily basis, and the reason they don’t understand is because they simply do not see this business. It is a golden rule of Google search that around 95% of all new Internet business will only go to the websites that appear on page 1 of any Google search, and the other 5% will be shared by the much larger number of mortgage brokers languishing on pages 2 and beyond.
The hi tech mortgage brokers Lower Hutt have made substantial investments in their web page and in their SEO to make absolutely certain that they are ranking in the top 3 for Google searches, because they know implicitly that this will cause them to win over 70% of all the new mortgage broking business on the Internet. These treasured top 3 spots cost a lot of money for the broking companies that arrived there, both in Web Development and in specialised SEO work. The risk for these companies is that SEO is a constant changing science, and unless they are investing regularly in the R and D necessary to make sure they are operating optimally, then they are very exposed to new entrants with new SEO technology and capabilities.
The real risk for these top ranking companies is that the actual investment required for a highly specialised SEO company can be orders of magnitude less than the investment that the top ranking companies have made, and if the highly specialised SEO company wants to really make a splash then they could make an even larger investment and largely wipeout the large mortgage broking companies.
Individuals or teams who want to start a new business can find it very difficult to get any finance, particularly if they are starting a business from scratch and they will not be able to make any income from the business for some time.
The classical methods for financing such a new business in the tech world is to use a venture capitalist, as these people can supply a large amount of funding which means that the new business start-up can progress very quickly in developing their product and operations and getting to market. The disadvantage is that venture capitalist generally take a very large cut of any profits that arrived down the track, and in the long term the new business owner may decide that the venture capitalist is just going to be too expensive.
In New Zealand the banks I’m mostly lending for the purpose of purchasing residential and commercial property, and it is rather difficult to get a loan to start a new business. However there are number of mortgage brokers in North Shore who specialise in this area, and you have an array of non Bank lenders that they can bring on board. However for these mortgage brokers in Papakura they must have particular skills to enable them to properly and formally value the new business, and they will need to be able to read financial statements and to evaluate the quality of the business and the likely market demand. They must do this in any case to a very high level of competency, because their non Bank lenders will expect nothing less.
However for most new business start ups in New Zealand the experience is that they have to make do with next to no funding, which means they have to go through the process of living very frugally and feeling very exposed because all of their own funds are tied up in the business. A typical response from a mortgage broker when approached by a new business start up is to advise them to come back in a few months time when they have actual product that they are selling to real customers for real money, and pretty obviously once that is the case then the risk to the lender is reduced significantly. This means that the business startup owner must use their own resources to get the business off the ground, but once they are looking like they going to be successful then the mortgage broker will find in funding which means they can expand and automate and fully markets and develop their product line. Find out more about all of this stuff by reading things.
When a new house is built in an old suburb the drainage aspect of the construction needs to be carefully thought through. This is particularly so if the suburb is in a low lying area that is prone to flooding.
The surrounding old houses well generally always be raised on piles, but it is highly likely that the local council will insist on the land for the new house being raised significantly by adding a lot of fill. This can be an expensive proposition for the homeowner, unless they have good contacts in the earthmoving sector and are skilled at negotiating good deals. For example, if the homeowner can find a landscaping contractor who is wanting to get rid of many truck loads of fill, in the homeowner may be able to save themselves around $15,000 and save the landscaping contractor around $10,000 by simply getting the contractor to dump the fall on their land and to level and compact it.
New houses in old suburbs in almost all concrete flooring, and this means that the drains will exit out from the concrete foundations at a level significantly higher they’re in for the adjacent older houses. This means that the slope of the new drain down to the main sewer pipe will be steeper then for the adjacent houses, and therefore far less likely to block at some stage in the distant future. The adjacent houses will all be using short lengths of earthenware pipes for the sewer, and over the decades this piping is prone to intrusion by tree roots, to sinkage and settlement of the ground around, anti breakage.
Consequently for drainlayers almost all their repair work is too old earthenware piping. Modern sewage piping is made out of long life and very tough PVC, and is installed in long continuous links, and joined with very strong PVC glue, and this piping is virtually impervious to tree roots and damage from settlement etc. This piping is installed on a reasonably deep bed of free draining gravel and the trench is then topped up with more gravel, which makes for a very strong surrounding bed for the piping.
New house construction means that a new sewer line is installed out to the main sewage line in the street or in council reserves. For the drainlayers in North Shore this can present tricky problem but it’s the main sewer line was installed many many decades ago, there’s the sewer could be hard to find and difficult to access because of subsequent building all paving work that may or may not have been approved by council consent.
There are two citrus trees that are often seen in NZ. These trees often grow in a river valley surrounded by hills on either side and a harbour at the entrance of the valley. The climate is in the temperate zone and although it does not have a hot climate here, some citrus trees grow well in New Zealand. For a more detailed guide on how to grow citrus trees, click here.
Many homes in NZ have a lemon tree growing in their backyard. The most common variety is the Lemon Meyer variety which grows lemons all year round as opposed to other citrus trees which fruit only over 2 to 4 month period. Lemon trees need fertiliser – a small amount but frequently but less during winter which is the winter period.
Perhaps ancestors grew lemon trees because they were near to the sea with fish readily available by surf casting or fishing off a jetty or boat. For example, our neighbour visits us regularly to get lemons from the lemon tree branches hanging over into our property. The first fruit tree I planted was a lemon tree.
Lemons are not only commonly used with fish but are used in Asian cooking and in desserts, adding the tang and tartness to offset the sweetness of a dessert. Hot lemon drinks are also commonly used to avoid winter chills and soothe sore throats.
Established lemon trees are often seen in Aotearoa around 2-3 metres tall and wide. They are often placed in the front lawn area or a back yard
Lime trees are of a similar size to that of a lemon tree but they are a fussier plant to grow and maintain. They can sometimes be a little smaller than lemons.
The limes are not harvested all year but for a small period of time in winter.
The fruit is green and often lightens in colour, sometimes to a pale yellow. Limes have the same nutritional value as lemons.