August 28, 2023 In Bramwell Bate News By Cherie Hannam

Protecting Your Assets: Why Legal Advice Matters for ‘Pre-Nup’ Agreements

Written by Alex Fanning A recent decision in the Napier High Court, WL v AJ [2023] NZHC 703, is a timely reminder that seeking independent legal advice is crucial for a pre-nuptial agreement (pre-nup) to be valid and enforceable. The decision also demonstrates the consequences of not getting the right advice. Understanding the Case Let’s take a look at the case involving Mr W and Ms A. They began their relationship in 2000, and on 3 July 2001, Mr W bought a home...

August 4, 2023 In Bramwell Bate News By Cherie Hannam

Changes to First Home Buyer Schemes to allow for purchasing of existing homes and extend household income caps

Written by Lois McLintock Updated: 3 August 2023  The government’s Progressive Home Ownership Scheme (PHO) is set to reach more potential first home buyers with changes being announced to the scheme earlier this week. These changes will take effect from 14 August 2023 and are good news if you are a first home buyer. The PHO was established in 2020 and is administered via two pathways. The First is Te Au Taketake,  the pathway for Māori and Iwi to access the scheme. Te...

May 24, 2023 In Bramwell Bate News By Cherie Hannam

Positive Changes to Regulations for First Home Buyers

In August 2022, we wrote an article explaining the initial changes made to CCCFA Regulations. Further changes have been announced this month, which will be good news if you’re trying to get on the property ladder. In short, how you spend your money no longer limits your opportunity to apply for a mortgage. If you were worried how your discretionary spending will affect your chances of getting a mortgage for your first home, recent amendments to CCCFA Regulations may ease some concerns. This...