Review, Restructure, and Save
Refinancing
Your mortgage should evolve as your life and the market change. At Lancewood, we make refinancing straightforward. Whether you want to reduce repayments, lock in a sharper rate, or free up cash for your next goal, we’ll help you find the best structure and lender for your needs.
Our focus is on making your mortgage work harder for you.
Being conservative in retirement
By developing a retirement income plan you can optimise your income in retirement.
If you are too conservative in your spending at the start of retirement, you are highly likely to discover in 10-15 years into retirement that you are ahead of target and able to increase spending. Just at the time that you are physically and perhaps psychologically least likely to want to do so.
The ability to adjust spending dynamically gives greater scope to spend more in your early years of retirement. However, taking more risk with spending requires a calculated basis to assess the chance that your funds may run out. A process for monitoring and adjusting spending is paramount to a finically secure retirement.
To determine the level of retirement income that you could achieve we calculate the probability of your funds running out at a projected life expectancy age. Taking this into account, we measure historical market movements which we test this through a number of Monte Carlo Calculations.
Your New Zealand Superannuation is broadly inflation indexed.
By not inflating the drawings from your investments you are able to spend more in the earlier years. This is when you have the time for travel, hobbies, and newfound opportunities to spend money on.
In the middle to late retirement years, spending may slow. Houses sometimes get downsized, travel may lessen, and the trappings of consumerism lose some of their appeal as some retirees spend less time accumulating possessions and may instead feel a calling towards simplification. As your spending needs drop inflation will effectively decrease the purchasing power of the drawings from your investments.
This is in-line with US studies which show that the income needs of retirees drops by around 1-3%pa during their retirement years. The inflation target set by the New Zealand Reserve Bank is also 1-3%. This is our rationale for not inflation adjusting your portfolio drawings.
Having a solid retirement plan is a core part of feeling financially secure.
Lower Interest Rates
Rates move often. Refinancing can help reduce your repayments or shorten your loan term.
Changing Life Circumstances
Income changes, new family needs, or lifestyle shifts can all affect the right structure for you.
Accessing Equity
Use the equity in your home to renovate, invest, or consolidate other debt.
End of a Fixed Term
When your fixed term is due to expire, it’s a good time to review your options before automatically rolling over.
Debt Consolidation
Combine higher-interest debts like credit cards or personal loans into your home loan to simplify repayments.
When to Consider Refinancing
Our Refinancing Process
01
Review Your Current Loan
We’ll look at your current structure, balance, and rate to identify improvement opportunities.
02
Compare Lenders
We analyse your options across major banks and specialist lenders to find better value, flexibility, or features.
03
Structure for Success
We’ll recommend a structure that matches your goals, whether it’s paying off faster or improving cash flow.
04
Manage the Switch
We handle the transition, paperwork, and communication with lenders to make the switch seamless.
05
Ongoing Support
We’ll keep in touch to review your loan regularly and ensure you continue to get the best outcome.
Our Refinancing Process
We’ll look at your current structure, balance, and rate to identify improvement opportunities.
01. Review Your Current Loan
We analyse your options across major banks and specialist lenders to find better value, flexibility, or features.
02. Compare Lenders
We’ll recommend a structure that matches your goals, whether it’s paying off faster or improving cash flow.
03. Structure for Success
We handle the transition, paperwork, and communication with lenders to make the switch seamless.
04. Manage the Switch
We’ll keep in touch to review your loan regularly and ensure you continue to get the best outcome.
05. Ongoing Support
All your lending options in one place
We compare major banks and specialist lenders for you, making the process simple
Benefits of Refinancing with Lancewood Mortgages
Refinancing with Lancewood gives you access to structured, considered advice tailored to your position. We help you identify opportunities to improve your lending, reduce costs, or create more flexibility - always with a focus on long-term benefit.
Access to multiple banks and specialist lenders
Potential to save on interest and repayments
Simple, guided process from review to settlement
Independent advice that puts your interests first
Local support with national coverage
Example Outcomes
Refinancing can create meaningful improvements to your financial position. Depending on your goals, the outcomes might include reducing repayment costs, freeing up equity, simplifying your lending, or adjusting your structure to better suit your current circumstances.
Reduced repayment costs through better rates
Released equity for renovations or investments
Consolidated multiple debts into one manageable loan
Adjusted loan structure to match changing income
Business owners
It is normal for business owners to overvalue their businesses. Formulas and assumptions vary and ultimately a business is only worth what a buyer is prepared to pay for it. This in one of the reasons that so many business are liquidated rather than sold in New Zealand.
Business owners often need to diversify and save for their retirement in other areas outside their business. This is especially true in New Zealand, where many business owners own property as their primary income. As such business owners should largely hold investments that compliment New Zealand property and sufficiently diversify their investments.
The average Kiwi will spend 40,000 hours working towards accumulating their retirement needs. The least they could do is spend an hour discussing how to protect these needs.
