News - 11 June 2007

The Alpha Update

How Can We Help You?

Whatever you call it – luck, good fortune, or fate – some of the most important business decisions simply come down to being in the right place at the right time. So it is vital to be up to date with your financial situation, ready to act quickly on the next opportunity that comes your way .

Now may be a bit of a quiet period, with annual accounts with the accountant, and winter finally here. Why not use this time to conduct a review of your financial or business situation?

At Alpha Financial Solutions Ltd we can help get you sorted. We offer a wide range of business solutions, whether you’re looking to borrow money or buy property (residential or commercial):

• We’ll find you a competitive interest rate and a loan structure designed for your needs, both current and future
• We review a wide range of finance options from banks, other financial institutions and private lenders to ensure the appropriate options have been considered before securing finance
• We find solutions for all sorts of tricky situations – the bank has said no; you have no deposit to buy a home; you’re asset rich but cash poor; you can’t (or don’t want to) prove your income; or you run out of money during a property development
• We do all the negotiating for you, saving you time and money
• We provide you with one consistent point of contact – we get to know your needs so you don’t have to explain your situation to bank staff again and again when they change

Who do you know who needs a FREE, No Obligation review of their finances? Get them to call Stuart Duncan at Alpha Financial Solutions on 021 676 747 or 0800 676 747 to discuss their situation. We can help!

Food for Thought

The excellence of a gift lies in its appropriateness rather than in its value - Charles Warner

What's New??

A new home before Christmas? If you have the site, I have a builder who can deliver for you!! Call me NOW on 09 524 6062 to find out more!

Interest Rate and Currency Comments

Up She Goes! Yet again, Allan Bollard has chosen to raise the Official Cash Rate, on the back of continued strength in the local economy and forecast increases in farmer's income. Government spending is a huge contributor to domestic inflation, but is something that Bollard can't do anything about. The banks have been quick to put fixed and floating rates up, with ANZ leading the charge. A spread of interest rate maturities remains one of the best hedges against rising interest rates.

The kiwi has taken off again, on the back of higher interest rates now, and the potential for them to rise again. Fortunately, the rise has not been so marked against the Australian dollar.

(See below for latest interest and exchange rates).

The Finance Markets

As of 8am on Monday 11 June 2007 the following Interest Rates applied:
Official cash rate 8.0% (up)
90 day bill rate 8.35% (up)
5 year bond rate 7.19% (up)
NZ/US Dollar 0.7541 (up from 0.7248)

Current Range of Interest Rates for home and investment mortgages as at 11 June 2007.

Floating:
9.0 to 10.30% (up)

Fixed For:
1 Year - 8.70% to 9.71% (up)
2 Year - 8.65% to 9.80% (up)
3 Year - 8.60% to 9.70% (up)
4 Year - 8.55% to 9.60% (up)
5 Year - 8.50% to 9.55% (up)

For a complete table of interest and exchange rates, click here.

The information stated herein was correct at the time of release, but is subject to changes without notice.