As the rapidly evolving impact of coronavirus (COVID-19) sets in, there’s no denying that we are in a period of uncertainty. And of course, our thoughts are with the people affected and their families, both here in New Zealand and overseas.
In times like this, we feel it’s more important than ever to support each other. Health workers all around the world are putting courageous efforts into containing transmission, and there are things all of us can do individually to protect ourselves, our loved ones and our community.
As mortgage and insurance advisers, we are committed to doing our part and we’ll continue to be there for our clients, and any queries you might have.
To support the economy, the Reserve Bank of New Zealand recently cut the official cash rate to just 0.25 per cent, with a view to keeping it at this level for at least 12 months.
As a result, most lenders have passed on rate cuts of 0.75 per cent to floating rate borrowers, and some fixed rates are also dropping. If you are considering what this means for your mortgage, we welcome you to get in touch to discuss options such as
Once again, we’re here to assist you with any queries or appropriate changes to your mortgage, so don’t hesitate to get in touch.
We may see some changes from insurers relating to pandemics for new policies. This means it is even more important that if you are considering new cover, you have all the details and advice to help you thoroughly understand the benefits, exclusions, wait-periods etc. And this is particularly true if you are considering changing cover from an existing policy. Don’t hesitate to get in touch if you would like to review or discuss your options.
With coronavirus creating uncertainty and significant financial concerns, you may be looking for ways to save money and insurance might be on your list to review.
If this is the case, we welcome you to contact us. In these uncertain times, the valuable protection that insurance can provide is all-the-more important. Remember, if you experience financial hardship, we’re here to help review your options.
As always, and especially in confusing times like this, keep in mind that we’re here for any queries or concerns you may have. Having an adviser in your corner can help you achieve clarity and peace of mind.
Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current development or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.
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