What's going on with the OCR and the world of mortgages with John Bolton

Welcome to episode 11 of the New Zealand Property Podcast. 

This week and next we speak with John Bolton, a very successful property investor and the founder of Squirrel Mortgages, a popular mortgage brokerage in Auckland.

We dive straight into the big question going on in New Zealand right now, what's happing with the OCR and what does that mean for everybody's mortgages?

John's answers may surprise (and relieve) a lot of listeners and it's definitely worth learning more about how the OCR and reserve bank works.

We also talk a bit about what it's like dealing with a mortgage broker vs going directly to the bank, why the banks ask for a higher deposit for properties with more than three incomes. 

Enjoy the show!