Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

General Finance Releases Bridging Finance Product


General Finance Releases Bridging Finance Product

General Finance Limited announced today the release of a Bridging Finance product priced at regular interest rates.

"This product is particularly suitable for property borrowers requiring short-term accommodation" said Mr Lockie, "it is useful for funding short term property trading activity, developments, or where borrowers have bought before they have sold".

The General Finance Bridging Finance product is an advance secured over residential property at loan to value ratios up to 90%. Interest rate pricing is the same as for Regular General Finance loans with a No Financials option available. Fees are slightly higher than normal, given the shorter term.

The ability to capitalise interest will be available, depending on circumstance and LVR.

Normal servicing criteria will apply.

Full product details and a term sheet are available at http://www.general.co.nz/help.htm

General Finance Limited is a home loan company specialising in residential and residential investment lending.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Air New Zealand: Flying Year-round To Popular Queensland Destinations

Air New Zealand is moving to year-round direct flights on its Auckland-Cairns, Auckland-Sunshine Coast and Christchurch-Gold Coast routes under an agreement with the Queensland Government... More>>




SEA: Another First For Solar Energy In New Zealand

The Sustainable Energy Association NZ (SEANZ) congratulates Sunergise on the commissioning of the Sunergise Kapuni Solar Power Plant, the largest in the country... More>>

Accenture: More Boomers Than Zoomers Want To Work From Home

While often associated with tech savvy Gen Z or Zoomers, new global research from Accenture shows that the push for more flexible working environments is being led by Gen Xers and Baby Boomers... More>>

Banking: Westpac New Zealand To Remain Part Of Westpac Group

Westpac New Zealand Limited (WNZL) remains part of Westpac Group following a decision for the two businesses not to demerge. Westpac Group Chief Executive Officer, Peter King, said: “After a detailed review, we believe a demerger of the WNZL business would not be in the best interests of shareholders... More>>

Mercury: Enters Into Binding Agreements To Acquire Trustpower’s Retail Business

Mercury NZ Limited (Mercury) has announced that it has entered into binding agreements with Trustpower Limited (Trustpower, NZX:TPW) to acquire Trustpower’s retail business for NZ$441 million... More>>

ALSO:


ASB: New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution... More>>