Full Show Podcast: 27 November 2024

On the Matt Heath and Tyler Adams Afternoons Full Show Podcast for the 27th of November, the demise of Solar Zero prompted some great conversation about the benefits of going solar at home as Matt & Tyler were swamped with enthusiastic energy warriors.

The Afternoons duo turned their attention to the OCR and talked about negotiating your interest rates with your bank.

Plus a chat to Black Cap Matt Henry on the eve of the first test against England.

Get the Matt Heath and Tyler Adams Afternoons Podcast every weekday afternoon on iHeartRadio, or wherever you get your podcasts.

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Episode Transcript

Speaker 1 (00:09):
You're listening to a podcast from News Talk zed B.
Follow this and our wide range of podcast now on iHeartRadio.

Speaker 2 (00:16):
Hello are you great New ZEALANDERSZA. It is the twenty
seventh of November, in the Year of Our Lord, twenty
twenty four. I believe it's a Wednesday. We had a
fantastic show today on Matt and Tyler afternoons on z B.
I'm really struggling to remember the first.

Speaker 3 (00:33):
Hour Solar so there was.

Speaker 2 (00:36):
A great chat. We went deep into solar energies. Solar
zero has gone into liquidation, but we've got so many
stories about solar energy and how well it works for people.
A few gremlins here and there, but it was a
very very interesting chat. I felt like I learned a
lot and I'm actually pretty excited about one day getting
solar pekah.

Speaker 4 (00:52):
Yeah.

Speaker 3 (00:52):
A lot of battery chat, a lot of panel chats.

Speaker 2 (00:54):
So much bettery in panel chat. And then we went
into OCR right, which was dropped down to four point
two five down fifty basins points, and we had a
bit of mortgage chat and around whether you should negotiate
with the bank is South or go through a broker
and look of just looking at a text. You're disappointed
at the tone of the discussion, to be honest, So

(01:15):
if you're looking to be disappointed, you might be rewarded.

Speaker 3 (01:19):
Yeah. Over the next st we did down a couple
of notches, but you know.

Speaker 2 (01:22):
Yeah, I mean, I'm not sure if that was our
chat with Matt Henry because we talked to him at
the end of the show ahead of the first test
down at Hackley over against England. Yeah, it was so
great to talk to that mister Darcy. What a great
New Zealander he is. So let's get straight into it.
A couple of hours of quality talk back radio. Give
him a taste of KIWI.

Speaker 5 (01:43):
Talking with you all afternoon.

Speaker 1 (01:45):
It's Matt Heath and Taylor Adams afternoons New for twenty
twenty four News Talk said, be.

Speaker 3 (01:51):
Good afternoons you welcome in. So Wednesday met in Tyler
with you until four pm.

Speaker 2 (01:56):
Geto, Maddie, Yet, I have got a question for everyone
and look come through on nine two nineteen. And this
is not the major topic we want to talk about this,
but last night my partner she threw out about five
of my t shirts. She said that they stink and
they won't come back. Is it true that there's certain
T shirts that you just can't bring back, that they
just get so stinky. And you'll be a testament to this. Yesterday,

(02:18):
Tyler that I was a bit stinky. It was pretty bad,
pretty bad, yeah, and I had a showered under arm,
but it was just the T shirts had some residual
stink in it. Is that true? There's just T shirts
you can't bring back.

Speaker 3 (02:28):
Well, maybe for you, mate, I'm pretty sure just a
good wash gets most sins out.

Speaker 2 (02:32):
Well, these T shirts are getting washed, Tyler. I'm not
wearing them multiple days in a row. They're going through
the washing cycle. But in her defense, I mean I
smelt them, and they and the pits, even the ones
that have just been washed, smelt bad, and in her eyes,
they had to go and so they're all in the rubbish.
Now is this true?

Speaker 6 (02:50):
Well?

Speaker 2 (02:51):
Is that she she just trying to get rid of
them because they're a bit ratty?

Speaker 3 (02:54):
How old were they? Because if you get the permanent
stains underneath the underarm, well then even if it's your
favorite T shirt, you should probably be asking questions about
about that. At that point, I think even you know,
one hundred percent bleach wouldn't get that out.

Speaker 2 (03:06):
Yeah, yeah, is that true? Okay?

Speaker 3 (03:08):
Now, alright, have you got an answer to that one?
Right on to the show today after three o'clock.

Speaker 2 (03:14):
Cam Art sales approaching one billion in New Zealand, profit
up over fifty percent in the last year, and we're
deep into Black Friday sales and we're coming up on Christmas.
So people are going to be spending a lot of stuff,
spending a lot of money on stuff, on objects, on things.
But studies have shown that experiences leave last lasting memories

(03:38):
and people are generally overly more satisfied over time with
an experience than they are with an object. Definitely the
kind of thing that you're buying spending one billion dollars
a year on at kmart. So is that the case?
And what experiences have you bought for people? What experiences
should you buy for people? And should we be moving

(04:00):
our money from objects that will end up in landfill
and end up just filling our houses. And the Buddhist
concept of your objects owning you eventually what your own
owns you into experiences that create memories and times with
other people.

Speaker 3 (04:14):
I love that at the moment we don't have a
telly in the place that we're staying up up here
in Auckland and Telly's down in christ Church. But I
even got it up here. But may if my partner
wants to buy a new Telly. But I'm looking at
that money and thinking I'd far rather put that towards
a nice holiday in Northland, thank you very much. I
don't need a Telly.

Speaker 2 (04:31):
Yeah, and it doesn't have to be a holiday. It
could be a skydive as my nephew got my brother
in law the other day. Or it could be a
trip around your city.

Speaker 1 (04:40):
You know.

Speaker 2 (04:41):
Last year I got given tickets to walk up ruing
your toto and that was awesome with.

Speaker 3 (04:47):
A tour guide.

Speaker 2 (04:48):
No, you just go over on the ferry and and
you walk up. It's like go to Mars over there.
It's incredible. That's an experience that that you that you remember,
and it's more significant then. I don't know what it
could have been that I could have been given. I
could have been given a candle or something.

Speaker 3 (05:03):
I don't know.

Speaker 2 (05:04):
You know, our experience is better than objects.

Speaker 3 (05:06):
Yeah, there's going to be a good shot after three o'clock.
After two o'clock we're going to catch up with Liam
Dan because it is ocr day. The big expectation is
a fifty basis point drop to the official cash rate.
But we're also going to ask the question, how do
you get the best rate from your bank? And I'll
say this is my mortgage is coming up and it
starts to float on December the eighth, So I'm right
bank at the best point, I think, and you're in

(05:29):
a similar position.

Speaker 2 (05:30):
Yeah, that's right. Yeah, I'm talking about my mortgage coming up.
So do you day? Do you have to threaten to
walk before you get the perfect rate? Can you just go?
I mean I've never negotiated the actual rate with the
bank before, but can you go? Can you give me?
Can you give me point five off that?

Speaker 3 (05:44):
Yeah? Or that's what I want to know because I've
always just taken the advertised rates, and I know I'm
probably a mug for doing that. What do I do?
Do I go to the bank and say I will
walk unless you give me a better deal than what
you've advertised here.

Speaker 2 (05:55):
Because that's what you want mortgage brokers to do, don't you.
They want to chop you around to multiple banks. But
that's not necessarily in the skill set of most people. Yeah,
I mean, would you feel comfortable just going playing hardball
with your bank, even though it's so much money for
your life and such a significant thing for your life.
Would you Are you the kind of guy tile that
the guest goes in and goes hardware.

Speaker 3 (06:15):
I hate bartering. I hate bartering, particularly on the mortgages,
but I won't barter for anything. You know, if I
go in and I'm looking for a washing machine, I'll
just pay the price. I'm not gonna nickel and die
over a washing machine. You know what I mean?

Speaker 2 (06:26):
Because we get into a situation in New Zealand where
we feel grateful for the bank for giving us a mortgage, Yeah,
like they're doing us a favor, when really what they're
doing is giving you the opportunity to make them a
lot of money over time.

Speaker 3 (06:38):
Yeah.

Speaker 2 (06:39):
Yeah, you know, you've jump through all the hoops and
they go, yeah, yeah, you seem like a worthy candidate
of giving me a huge percentage of the money you
earn over potentially twenty four years.

Speaker 3 (06:48):
Yes, exactly. Hey, just before we get to the one
o'clock topic, the one that we're going to get into shortly,
lot of takes coming through about your T shirts. Hey, Matt,
try nappy sand soap before washing work for me and
my work clothes when living in Western Australia, sweating from
seven am to seven pm every day, sure made you pong.

Speaker 2 (07:07):
Having through the nappy sand. Put your T shirts outside
to dry, not in the dry I would never put
T shirts in the dryer because they immediately become wide
and short.

Speaker 3 (07:15):
Yeah yeah they do. Yeah, well the ones I do.

Speaker 2 (07:18):
Anyway, I think.

Speaker 3 (07:18):
You've you've had a nerve here. We've had opened this
back up after three o'clock.

Speaker 2 (07:22):
Cut the pits out and then you have a new
favorite muscle T shirt out guns out.

Speaker 3 (07:26):
Yeah, keep them coming through on nine two nine too.
But right now, let's have a chat about solar.

Speaker 2 (07:30):
Yeah, so solar is in liquidation, Solar zero sorre is
in liquidation. So what is happening in the soula world?
Is this just specific to the business model of Solar Xerox.
We know they got a lot, they were bought by
black Rock and there was a lot of talk about
the money being pumped into the company a couple of
years ago, but they're now gone. So what's happening in
the world of solar? Do you have solar? Is it

(07:51):
working for you or did you get solar and it
blew up in your face and you're very disappointed and
you wish you'd never had. I love the idea of
getting solar. I'm not even not even from an environmental perspective.
I just think it'd be really dinky and cool to
have solar panels degenerating your own energy. You're going to
you know, going to the panel and seeing what's coming
in and what's going out.

Speaker 3 (08:12):
Yeah.

Speaker 2 (08:12):
I always I've been around to friends houses that have
soul and I've always thought that was very, very cool.

Speaker 3 (08:17):
It's kind of a Kiwi thing, though, isn't it that
you feel like a bit of Keiwi ingenuity that you're
watching those killer white hours come through and oh yeah, baby,
I'm getting some I feel.

Speaker 2 (08:25):
Like it's a kin to anyone that's gone sailing, you know,
when you're sailing and then you you know, you put
up the spinnaker and you're being pulled along, you know,
and then you feel like, I'm getting this, I'm getting
this movement for free, you know, I'm being moved by nature.
I kind of feel like I would have that feeling
with solar, but you know, you don't want to spend
a whole lot of money and get a dog. And
so yeah, we just love for people their experiences on

(08:47):
solar panels. Is that the way to go.

Speaker 3 (08:48):
We looked into it in a house down in christ
Church and a couple of different variations, and I will
say solar zero was one of the options we looked at.
Then I looked at buying the panels outright, but the
one thing that kind of put it put it to
bed was the cost of the battery. That was huge.
Even if we're going to go through one of those
green loans, the cost of the panels I could deal with.
It was the battery technology that I just wasn't quite

(09:10):
sold on that was big money.

Speaker 2 (09:12):
Yeah, because we love New Zealand. It's a beautiful place,
but it does rain a bit and it does have
clouds about this, as they say, as the pilots say,
there's a bit of weather about.

Speaker 3 (09:21):
A bit of weather about Yeah.

Speaker 2 (09:22):
I mean today where we are fantastic for solar panels, fantastic,
But unless you're storing that for another day, then no
good at all. So I'd love to hear from you
on eight hundred and eighty ten eighty. Also, if we
get time we're going to talk about incertification, which has
just been named as Year of the Word of the Year,
and we'll get to that. Mike Costkin was talking about
this morning.

Speaker 3 (09:42):
Yeap, looking forward to that. But if you've gone solar,
has it worked for you? Has it not worked for you?
Keen on your experience as eight hundred and eighty ten
eighty is the number to call. It is fourteen past one.

Speaker 1 (09:53):
The big stories, the big issues, the big trends and
everything in between. Mat Heath and Tyler Adams Afternoons you
for twenty twenty four used Talks DEVB.

Speaker 3 (10:03):
News Talks THEREB. We're talking about the future of solar
and New Zealand on the back of solar is rose liquidation.
If you've gone solar, how does it work for you? Bruce,
You're super baby with it.

Speaker 7 (10:15):
Yeah, very My wife and I put up twenty four
commercial panels, not normal panels, So we put up panels
that are around four eighty kilotes each and we're two
years into it now. We bought a full electric Polster,
so super happy. It generates heaps of electricity for us,

(10:39):
so we pushed quite a bit back to the grid
the car in I've done twenty one thousand k's. The
only money I've spent when it wasn't attached to the
house is about eighty dollars in that time. And so
we did it because we wanted energy security and we
wanted car security. I didn't want anyone telling me where

(10:59):
I could go and what I could do, so Uber happy.
The cost of running the car off the roof cost
me about five hundred dollars a year, so it's a
win when really and we looked at the solo one
back in the day and chose not to because they
weren't very transparent, so we ended up buying ourselves. The issue.

(11:21):
You're right about the batteries, but we simply bought two batteries,
two small ones, which allowed us to to basically the
minute the greed went down, we didn't go down. So
we only got seven killer lots of battery power, but
it's enough to sort of keep us going and all

(11:42):
the sudden comes up the next day. It gets us
through the night, and we're happy with that. But down
the track, I envisaged something like the old Tesla or
leaf battery or become available to hook up to a house.
So I visited that time will change that that problem
and it won't be it won't be a problem. But

(12:03):
for the moment, it's not a problem. And it was
well worth the investment, and extremely had Bruce, how much.

Speaker 2 (12:09):
Was the investment? How much did you spind in total
across the panels and the battery.

Speaker 7 (12:15):
If you don't spend twenty eight on panels and seven
on the battery, right.

Speaker 2 (12:19):
And you say so that in the future of the
batteries will you'll have to replace the battery? So how
future proof are the panels? Are the panels there?

Speaker 7 (12:31):
Twenty five your warranty and we live by the water,
so we actually made sure that our warranty included corrosion
and all of those sorts of things. So there's good panels.
I mean we've got Hyundi, but there's other panels as well.
So as long as you're working with a repidal company
who work with repubal brands our Inverders a Norwegian but

(12:54):
they're the top of the line. So no, we're happy.
We've got a really good solution.

Speaker 3 (12:59):
Yeah, so you've run the numbers, Bruce, how long did
you calculate that you would effectively pay them off? Six
and a half years it's not too bad.

Speaker 2 (13:08):
And so was that your main reason for doing it
a financial thing or was it an environmental thing or
was it a just an independence thing.

Speaker 7 (13:19):
Independence. I just had this sense that I remember the
outgoing guy from the power he was the lines guy,
the CEO for the lines business, and he basically said,
I think it was a couple of years ago he
envisited the price of power going up by fifty percent.
And so we did our sums on that my car

(13:42):
was up for renewal, so it was either a new car.
So we started to look at and I'm a bit
of a I'm a business person, so I'm a bit
of a spreaching hawk. So we basically sort of good
the numbers based on projected fuel, projected power and all
those sorts of things, and it came back that it
was a no brainer, an absolutely no brainer. So it
was like do it now or why wait? Because it's

(14:04):
paying itself down every day.

Speaker 2 (14:06):
And when you talk about Brucean, you talk about why
wait are solar panels and I understand the efficiency of
solar panels and how much energy they generate from you know,
the same amount of sun is increasing, so the panels
you get that you know, in five years, will the
panels that are available then be significantly significantly cheaper and
significantly more efficient.

Speaker 7 (14:29):
You know, we're going to have that same conversation we
have about computer's cars everything. You know, there's always something
better coming. There's no time like the present, right and
you know it making decisions about ferries, cars, whatever it is,
underground railways or whatever is. There's no better time than
right now because everything goes up right. So you can

(14:50):
play that game, but you'll never get off that treadmill.

Speaker 2 (14:53):
As they say, the best, the best dated by the
best time to buy both Flounder Tree was ten years ago.
Second best time is right now, as they say.

Speaker 7 (15:00):
Correct.

Speaker 3 (15:01):
So Bruce, Bruce, how long if there's a knockout to
the grid or you lose power, how long can you
generat energy for the household?

Speaker 7 (15:08):
For well, it gets us through the night? Right, So
we've got it so that if a power if the
power goes down, which happens a lot out our way
into the ring, the power goes down, our batteries kick
in and that'll get us through the night. So we've
got it so that our switchboard just runs, our lights runs,

(15:29):
our internet runs, a bunch of things. But come the
next morning that's probably on its way down, largely because
of the hot water cylinder, I might add, So if
we basically put a little bit of smarts on the
hot water cylinder, we'll probably get halfway through the next day.
So if the sun shining, we're back up again. The
sun doesn't have to be shining for us beginning enough
how to run off. Uh, it has to be pretty

(15:53):
crappy for us not beginning anything. But but you know,
in New Zealand, we're pretty good.

Speaker 8 (16:00):
We don't have a problem.

Speaker 7 (16:01):
So we haven't we haven't been locked out yet. And
that's where do you live?

Speaker 2 (16:07):
Because I mentioned it's a difference story if you say,
lived on the west coast of the South Island compared
to say if you lived in the Bay of Plenty
or Hawks Bay. Whereabouts do you live?

Speaker 7 (16:16):
We live in French Bay and Auckland.

Speaker 3 (16:18):
Okay, yeah, yeah, interesting, Bruce, Thank you very much. I
love to hear your thoughts if you've gone solar, oh,
eight hundred and eighty ten eighty, particularly if you went
solar and it didn't work out quiet as you thought
it was going to work out. I imagine there's a
few of those customers in New Zealand and the interesting
with the battery. Did he say he's gone now because
I've missed to ask him, but seven K per battery

(16:40):
because he had two batteries. Yeah, so all up, that
was about forty thousand dollars.

Speaker 2 (16:46):
Yeah, actually we should listen to that exactly what a
setup was? He think he did say that someone might
be like, if you're listening, Bruce, text back through exactly
what your setup cost was. But he does make a
good point because I keep thinking, and I did this
in my life all the time. I keep going, well,
in a few years that'll be better, and a few
years that'll be better. Now you're constantly thinking that, then
you never do anything.

Speaker 3 (17:06):
Do you exactly?

Speaker 6 (17:07):
Yeah?

Speaker 3 (17:07):
Oh, eight hundred and eighty two in eighty is the
number to call. It's twenty four past one.

Speaker 1 (17:12):
Putting the tough questions to the newsmakers the mic asking breakfast.

Speaker 9 (17:16):
We've got an additional fifty senior doctors and seventy five nurses.
Association of Salary Medical Specialists Sarah Dalton is with us.
I know what you will say, but it's better than nothing,
isn't it.

Speaker 10 (17:24):
Well, it depends effectively what the Minister has announced as
fifty extra vacancies on an already very long vacancy list.

Speaker 9 (17:31):
Where are they getting them from? By the way, through
a covert of seeing the doctors about the place?

Speaker 11 (17:34):
Wouldn't that be nice?

Speaker 4 (17:35):
I want for Christmas?

Speaker 12 (17:37):
Seen doctor doctor.

Speaker 2 (17:38):
What does this actually achieve?

Speaker 10 (17:40):
I hate to reign on the parade, but I really
don't think it achieves anything. I think it's really disappointing
given that last year his works was planned. Seed list
is how many we think we need and nothing that
has happened.

Speaker 7 (17:50):
He has tempted to address it.

Speaker 9 (17:52):
Back tomorrow at six am the Mic Hosking Breakfast with
Mayley's real Estate Newstalk z B.

Speaker 2 (17:57):
Yeah, we're talking Sola zero. It's a liquidation in the company.
So what's happening in the world of Solo? Do you
have Solo? Is it working for you? Or did you
get solar power installed in your house and it's below
and up in your phrase? Steve your thoughts?

Speaker 13 (18:13):
Oh well, hi, Matt.

Speaker 14 (18:16):
You know, my wife and I we put a system
in exactly a year ago. So we've had we've had
we've been on solo for twelve months and we're so
happy with it. We would it's to be one of
the best things we've ever done. So put a full
system in on a green loan. So we've got sixteen
Q cell panels on the roof and a Fronius which

(18:40):
is Austrian inverted five killer what inverter, and we put
the power wll the Tesla powerwell, which is a thirty
and a half killer what batterian.

Speaker 13 (18:50):
It's a very very you'd be surprised how smaller it is.

Speaker 14 (18:53):
It's only like a meter of point too high and
about one hundred mills thick and about six hundred wide,
so it's up against it's inside the garashes on the wall,
and the system comes with a little app on your phone,
which my wife and I both addicted to because you see.

Speaker 2 (19:08):
How see I'd love that part of it.

Speaker 13 (19:11):
Yeah, and also you can see what we are using.

Speaker 14 (19:15):
Power, so it's quite handy to actually train yourself, you know,
about how to use it wisely. But one of the
things I did soliciting the Bruce was I installed a
honeywell timing, which is what the Europeans use for their
hot water systems, you know, the what they.

Speaker 13 (19:29):
Call them the radiator heaters they have in their houses
in the UK.

Speaker 14 (19:32):
Yep, that's that's why directly into the r c D
in my you know, in my fusee box that controls
the hot water system, so I can set that for
any time I like.

Speaker 13 (19:43):
So currently we only have the hot water service come on.

Speaker 11 (19:47):
To heat at the.

Speaker 14 (19:50):
Time of the day that the sun's up at the
highest about four hours, so it's only using panel power
to reheat. Hot water doesn't reheat during the night or anything,
so it doesn't draw off the battery at all.

Speaker 3 (20:02):
That's smart. Are you running evs off that as well, Steeve?

Speaker 13 (20:05):
No, no, I don't. I'm not really into it. I'm not.
I was going to get something to be a hybrid,
not an EV.

Speaker 2 (20:10):
But yeah, Steve, how much did you how much did
you guys spend on the entire setup?

Speaker 14 (20:16):
The setup was thirty four and a half k on
a green loan, so our green loan. It's most of
the banks in Zeon do it do a green loan,
so we will, saysp So there one was a maximum
three years, so it's a three year payback, but it's only.

Speaker 13 (20:30):
One and a half percent interest.

Speaker 2 (20:32):
And that was for the panels and the and the battery.

Speaker 13 (20:35):
Everything that was for everything. Yeah.

Speaker 14 (20:36):
Yeah, the power well was about from memory twelve grand
and the panels are about seven eight and then you know,
and the panels have got a twenty five twenty five
year warranty on them, and the ironically, the Tesla Powell
has a twenty year warranty. When you think that they
can't make a Tesla car battery that has a warranty

(20:57):
like that, yeah, old that we could expect a minimum
of twenty five years off that battery, which will be
well past.

Speaker 3 (21:06):
And Steve, did you get it?

Speaker 2 (21:07):
Because did you get it? Because? I mean what excites
me when you talk about it is looking at the
apps and running it and the feeling of I love
that kind of dinky stuff. That's something I'm into. Is
that a big part of it? Or did you get
it for environmental reasons or financial reasons or just because
it's a cool thing to do?

Speaker 14 (21:25):
I did it for am I've been I'd been keen
on I've been keen on on on on solar for
a long long time. But you know, like when I
first looked at us in the eighties, you know, the
batteries are huge, and they cost of fortune, and you
had to have a lot of them and they only
lasted five years with so the technology just wasn't there

(21:45):
to make it viable unless you're living out in the
bush or something, you know, and where it was a necessity.
So but now with technology like these q cell panels
German designed that they won the best panel in the
in the world four years in a row. We've got
a you know, like a European designed inverter.

Speaker 13 (22:04):
So for me, it was a combination of things.

Speaker 14 (22:05):
It was like I was approaching pension age and I
could see what was happening with power in New Zealand.
You know, we're in Hawks Bay and during cyclic during
the cyclone, we had no power next day.

Speaker 2 (22:17):
That's huge, Yeah, and it's a good place to be
running solar hawks.

Speaker 3 (22:21):
But yeah, here here just quickly, Steve, do you ever
feed electricity back to the grid? Do you get paid
for that when you do?

Speaker 13 (22:28):
We do?

Speaker 14 (22:28):
Yeah, And so we have not paid a power ball
in a year, so ourbuls at all, we're completely even
with what we've got where you haven't paid a powerball
in the last twelve months and I think currently we've
got a credit of about one hundred and eighty to
two hundred dollars. So basically how that works is we
get we've got a two year contract with Meridian and

(22:49):
we get eighteen cents a killer. What So over the
summer months, we'll we'll usually send back about four hundred
and fifty kilowats in a month. Wow, So that's maybe
maybe eighty bucks credit a month. So you build up
your over those sort of spring, summer and early autumn
months where you're getting generating a lot of power. And

(23:09):
so last winter we had a credit of about five
hundred dollars up. So when you go through those three
or four winter months we know you're not generating enough
to pull energy off the grid, you've got a credit
that covers you.

Speaker 15 (23:23):
Yeah.

Speaker 3 (23:24):
Interesting, and you're the master of your own domain. Yeah exactly. Steve,
thank you very much for giving us a buzz right
headlines coming up, and then Raja has called in and
he reckons he's got a warning for Steve in relation
to the hot water cylinder. So we'll get to that
very sure.

Speaker 2 (23:37):
Now that's right. We've got a few texts as well
coming through on the other side of Solo. So eight
hundred and eighty ten eighty is Solo working for you?
Or is it not working for you. We'd love to
hear from you.

Speaker 3 (23:46):
Twenty seven to two.

Speaker 16 (23:50):
Jus talk said be headlines with blue bubble taxis it's
no trouble with a blue bubble. Nearly fifteen hundred more
rolls are on the line in another round of Health
end said cuts, although the PSA says about seven hundred
are currently vacant. The latest cuts will hit the data
in digital National Public Health Service, Howarra, Maari and Pacific

(24:11):
Health teams. A van has rolled on State Highway ninety
four west of Queenstown near Deer Flat, injuring several people
and closing the road. Willington's Regional Council is rejecting the
core from NZTA to hike public transport revenue, which would
mean changing commuters more. Transport Committee chair Thomas Nash says

(24:32):
the government claims it supports public transport, but this shows
the exact opposite Casey Costello says the final push to
smoke free twenty twenty five will be achieved through health messaging.
A refreshed Health ENDZD plan includes no new funding or programs,
but the government says it's reallocating money to the front line.

(24:53):
Twenty twenty five housing market outlook, Do we really want
another boom? Read this and more from Inside Economics at
NZ Herald Premium. Back to Matteath and Tyler Adams.

Speaker 3 (25:04):
Thank you very much, Raillan. We're talking about Sola on
the Bank of Soul zero. It is in liquidation. Fifteen
thousand customers a bit in the dark now about what
happens to their solar panels and equipment through that scheme.
But we've taken a bit broader those that have gone solar.
Has it worked for you? And so far.

Speaker 2 (25:23):
Bruce and Steve were selling the dream, weren't they?

Speaker 3 (25:25):
They were certainly, Yeah.

Speaker 2 (25:26):
We need to sell the dream on me turning my Michael,
maybe we can hook that to a solar panel. No,
but yeah they were selling. They were making I'm very
excited about solar after what they said. But Raja, you
have a different opinion on this.

Speaker 5 (25:43):
Yeah.

Speaker 12 (25:43):
So I've had Solar for i'd say twelve thirteen years,
and the first two years I've got a fourth Killer
watch system, which was great. A lot of mistakes made
by going with companies. They give you the best sort
of rebate, but then you get it up the daily
line charge, which can be anywhere between one to three dollars.

(26:05):
So I've got no daily line charge at the moment,
which is great, and.

Speaker 2 (26:07):
What's the so what's the daily line charge?

Speaker 12 (26:11):
A power company will have a daily line charge that
they charge you power connect, so you know there's an
octopus energy on a low user. When I signed up,
they didn't have a daily line judge. So I don't
have a daily line charge. You know, like if you
look at your power boll can be anywhere between nine
to thirty dollars a month being connected anywhere on the

(26:31):
solar woid thing. So within two years, because unless you
get a really big panel system, at least a seven
killer watter system, especially during winter, you're not generating enough
solar to heat their solenoid salnoid in the hot water cinder.
So it's on a really low heat for a prolonged

(26:52):
period of time. And the sparky and the plumber set
it's not built for that. It needs a lot. It's
like hitting your jug and taking you know, two hours
to charge to heat up a set of two minutes.
It's they're not designed for that. So every two years
I can work it out. So every two to three
years I was going to sell it someone were replaced

(27:12):
and it was going to costing me three four hundred bucks.
That's when the Spark and the Pummel, when they were
both there, they said, that's why it's happening because it's
not built to do that. So unless you're getting a big,
big system and your battery is big to heat it
up when it's not when there's not enough sun, especially
in the winter, you're going to replace that every two

(27:34):
to three years. Well, I have personally, and I've got
a four Killer watch system and i don't have a
battery because I'm like utiler, I can't justify the battery.
I've done the XL documents for you know how long
the buy back and all that is. I did it
with my electric car and the battery. Just unless you're
buying a ten killer watch system to charge that battery
and having that power in winter that you're going to

(27:56):
run out of, you're not going to charge the battery
at all the winter.

Speaker 13 (27:58):
Yeah.

Speaker 2 (27:59):
So the solenoid valve that's in the water heater controls
the fly water.

Speaker 12 (28:04):
Pace of it. No, No, it's the element that heats
the whole right, it's right of them. It's like you're look,
just imagine you're jug. You've got a little cell. Someone
to think the little element thing that heats up the jug,
same thing the whole water cinder that heats up the
hot water cinder. The only problem is that it's not
made to run off solo because especially in winter, but
that's probably six months of the year, you're not going

(28:26):
to get enough wattage off your panels to go straight
into your hot water cinder. And a lot of people
when I did my system, it went to the lights
that went to you know, everything else in the hot
water cinder was last. So you might be generating four
killer wat, but if your house is using three killer
what you're only sending a killer wat into an element
that needs two and a half killer wat. And if

(28:47):
you're you know, it's really trickling in there, you're it's
it's yeah, it's it's like like I said, you're hitting
your coffee mug over four hours rather than two minutes.

Speaker 3 (28:57):
Yeah, it's not efficient to do that. So what so
you've got solo without a battery and it goes well
in summer, and then for your hot water, what you're
going with a califont or something.

Speaker 12 (29:06):
I just talk to the main main gotcha, So yeah,
I don't. I don't. I'd like to say for the
last two years, obviously getting smarter with my electric plan
and being with the right company and not having a
daily line charge, which is massive, I don't have a
powerful six months of the year, and then over winter
it goes like thirty dollars, fifty dollars, seventy dollars and

(29:27):
then down to fifty dollars thirty dollars. So I don't pay.
I pay polyly, but three three hundred bucks a year
for power, so not too bad.

Speaker 2 (29:34):
Yeah, oh, thanks so much for your call, Roger. That
I mean, with all things like this, there's complexities that
you would never factor in. Yeah, you know, I would
never think about that. That that you know, solomoids can't
be heating water slowly over time without damaging itself, and
that's the last you know, that's way down the track
of things I would think about.

Speaker 3 (29:52):
That's the only thing I worry about. Solar is. As
I mentioned, I investigator and joined all these Facebook pages
of people that were converted into solar but a lot
of the time they were talking about things that just
I had no clue on. Is this what I've got
to figure out to get solar. Yeah, it seems quite complex.
If things go wrong, I don't know how to fix it.

Speaker 2 (30:09):
Yeah, because we get used to just power on things work.

Speaker 3 (30:13):
Flicker flick. A lier comes on as he has Oh
eight hundred eighty ten eighty is the number to call
love to hear your solar experiences. It is eighteen to two.

Speaker 1 (30:22):
Your new home of afternoon Talk, Taylor Adams Afternoon call, Oh,
eight hundred eighty ten eighty News Talks.

Speaker 3 (30:29):
They'd be good afternoon. It is sixteen to two.

Speaker 2 (30:34):
We're talking about solar energy. Solar zero has gone into liquidation.
But how do solar work for you? If you've got it?
Have you got any downsize to solo? Because we're hearing
a lot of positive stuff, although we just had Rajah
before that said the head a problem with this solenoid
in his hot water cylinder. But there are some controversy
about what a solinoid is, and men Tyler will reveal
to not know anything about anything. So I think that

(30:57):
someone you know, like a plumber or someone will be
able to tell us exactly what it is. But I
think the difference is I think he's the solenoid is actually,
as a stick said, it's an electronic equitor. It open
and close a valve. The element is a resistant heating element.
Very different things, because that's what I was trying to
work out with Rajah. I thought he was talking about
the element, but he was calling it the solonoid. Someone

(31:17):
might now able to unpack this, but yeah, there's some
part of the hot water cylinder that unless you've got
enough going power, enough power through it, which sometimes solar
energy is not going to be putting through, that can
damage it over time.

Speaker 3 (31:30):
It gets technical, doesn't it. Plenty of great techs coming
through on nine two nine two. This one from Tina
getto guy's been off grid in a modern new build
for four years, full solar for power, eighteen panels and
twenty four batteries. Haven't looked back, however, been off grid
is a definite mindset change in how we consume electricity.
High use power items are used during the daylight hours only.

Speaker 2 (31:53):
Thank you, Tina. Sorry, just get into I've got a
new touch screen about technology. I've got my new.

Speaker 3 (32:00):
Phone operation that I'm learning.

Speaker 2 (32:02):
I'm just new to know news dogs he beat. It's
all very difficult for me. Grant, you're running a solar situation.

Speaker 15 (32:09):
Yeah, I am.

Speaker 8 (32:10):
Hey, Hope, I see a great show and great topic
of Yeah, I'm not too sure what Roderick was talking
about there. Definitely, it's just an element in it. There's
no solon word there. But anyway, I work at a
power station and I'm getting myself set up for retirement.
So we just got solar a couple of years now,

(32:34):
and we're on that good Night's plan which you get
through the company.

Speaker 13 (32:39):
Or work for.

Speaker 8 (32:41):
And so what we're doing, we're we're using more power
during that three hours of three power between nine and
midnight than we are during the day. So in other words,
we're generating This is obviously on a good day. On
a raining day, it's different, But on a good day
we're generating solar during the day and using it, not

(33:03):
putting on the grid trying to use it. Just you know,
we had a little timer on the hot water cylinder
that just keeps it and keep them so we're using
can make themselves clear. We use the more power during
that day and that's three hour period for the free
power that we are during the whole the rest of
the twenty one hours of the day.

Speaker 3 (33:22):
That's smart. So just to clarify grant. So you use
your own solar energy that you're generating throughout the recent
of the day apart from from nine to midnight, because
you've got to deal with contact. That that's free power
for that three hours, correct.

Speaker 8 (33:36):
And it just works a tree. And look, we get
a dirty five percent discount work for contact, But when
you go to this good Night's plan with solar, you
for code and it's it's working out cheaper than having
a thirty five percent discount. So it's just you know,

(33:57):
because obviously when we retire, we won't have this discount
anymore either, So we're just sticking ourselves up. I mean,
I've i've got I'm also you know, like Bruce was
saying earlier too, he was talking about trying to get
that car to home, trying to because we're looking at
buying an EV next and trying to put that car
and see house and then use the power from your

(34:18):
car battery. But it's obviously not there yet. But so
you both words. I mean, i've got i've got in
there in the garage, and then also are going to
be buying an EV.

Speaker 3 (34:30):
So I've got us cancel each other out. I think
that's kind of neutral. Well, hey, Grant, so you.

Speaker 2 (34:37):
You say you're working a power plant and you're obviously technical,
and you're the kind of guy that can think through
these things and you've got a good plan going. Do
you think solar is best for people that have the
knowledge that, you know, like a complete more and more
on like me, getting into it might end up going backwards.

Speaker 8 (34:56):
I think everyone in the house is just going to be,
you know, into it. I've got to, I've got to,
you know, like the wife, she she will wait to
scruts are on till nine o'clock. We'll just set it
up to look in the giant come on at nine o'clock.
But it's just I think, and like you said before,

(35:17):
we're always looking at the gadget on our phones. We're
not the wife, but I am. I'm just I mean,
I'm talking to the boys at work. We're comparing how
much did you make and that, uh yeah, before we've
been doing work. We're sort of scattered around machine and

(35:37):
talking about this. I don't think you need to be
too you know, intellectual with with with the power industry such.
You just gotta, yeah, just gotta think about what you're
doing and when you're doing it.

Speaker 2 (35:52):
Yeah, oh, thanks so much for your call. Grant and
Rajah has come back and we've we've got the soul
annoyed heating element scandal finished here he says, sorry, I
meant I was talking about the heating element. Yeah, and
a number of Texas and nine two through talking about
the element, but was calling it a solenoid. But thanks you,
Carl Raja.

Speaker 3 (36:12):
That's clear that one up. Thank You're right.

Speaker 2 (36:13):
Okay, more solar panel chat. Is it working for you
or is it not working for you? I've got and
coming up next, who's been off the being an early
adopter of solo yep.

Speaker 3 (36:22):
If you want to jump in on this conversation, Oh
eight hundred and eighty, ten eighty is the number to call.

Speaker 1 (36:26):
It is ten to two, Matteeth, Tyler Adams taking your
calls on oh eight hundred and eighty, Mad.

Speaker 5 (36:33):
Eath and Tyler Adams afternoons news DOORGSB.

Speaker 3 (36:38):
News talks. They'd be seven to two. We're talking about
solar and and you were an early adopter.

Speaker 17 (36:44):
Yes, definitely.

Speaker 12 (36:45):
Hello.

Speaker 3 (36:46):
Hello.

Speaker 17 (36:47):
Twenty four years ago we decided to go solar because
to get power to our place was going to be
over forty thousand.

Speaker 7 (36:55):
Solar was twenty seven whereabout to you?

Speaker 17 (36:57):
And we're out in the country just north of loom Array.

Speaker 2 (37:01):
Okay, good spot butt a sun up there though.

Speaker 3 (37:03):
Oh yes, yes, so that would have been unusual and
twenty four years ago to get into a solar and
not many people would have been doing it.

Speaker 17 (37:11):
No, they weren't. No, And we were actually told, are
you old hippies?

Speaker 3 (37:18):
Were you nervous about it when you took that plunge
because there was a lot of unknowns.

Speaker 17 (37:23):
Yes, we were because it was a big learning curve
and there was nobody to phone up and say help
when something went wrong. So yeah, but it is absolutely
I'd thoroughly, thoroughly recommend it thoroughly. We do have a
backup generator which in the winter comes on a few times,
but in the summer it never comes on. We have

(37:48):
four large batteries, so the solar panels, and we've got
four large solar panels and they just fill up the batteries.
It's just so simple. We do not have a water cylinder.
We just use a caliphont and so when you turn
the hot tap on, the gas switches on and got

(38:08):
hot water.

Speaker 2 (38:09):
Yeah, right, so you can bring the gas in.

Speaker 17 (38:12):
Yep.

Speaker 2 (38:13):
But and how much of you So you say you've
got the batteries, are they the same batteries that you've
got twenty four years ago? How much of the.

Speaker 17 (38:18):
Systems the same custom they lasted or fourteen years I
think it was, and so we've replaced them yep, but.

Speaker 2 (38:27):
The same same panels?

Speaker 3 (38:29):
Yes, wow, twenty four years, I mean, is that sort
of near the end of the lifespan as.

Speaker 18 (38:34):
You know it?

Speaker 17 (38:37):
It could be, but we're still very optimistic.

Speaker 11 (38:40):
No.

Speaker 2 (38:42):
So do you think say you had been able to
connect up to the grid that do you think that
it would have been more or less than what you've
spent on solar?

Speaker 17 (38:52):
Oh, if we've been on the grid, it would have
been far far more. Yeah, because really, apart from replacing
the batteries, which we've only had to do once in
the twenty four years, and some petrol for the generator
if you need to do that, there's no other cost.

Speaker 3 (39:10):
You can probably tell Ann I'm a mass of layman.
But with twenty four year old solar panels, have you
noticed a degradation and how much power you can pull
off those?

Speaker 7 (39:21):
Yes?

Speaker 17 (39:21):
Yes, yeah, you can?

Speaker 3 (39:24):
Is it much over that that twenty four years not really,
that's good.

Speaker 2 (39:28):
And is it one of those things where you have
do you have to update it? Is it you have
to deal with a liking situation up there you're having.

Speaker 17 (39:34):
To keep Yeah, we just make sure that there's yeah,
there's no like or anything on that, which, yes, is
really easy enough to do.

Speaker 3 (39:41):
Yeah.

Speaker 2 (39:42):
Wow, Thanks so much for your call, and best of
luck with your twenty four year and ongoing solar journey.
So let's keep this going on after after two way
one hundred and eighty ten eighty. How's this solar working
out for you? If you've got it, if you've if
you've had solar, and there's any hiccups in the system,
any gremlins that people need to know about, But so
far it has been pretty much one hundred percent positive positive. Yeah,

(40:06):
apart from a little element issue that's been gone.

Speaker 3 (40:09):
Yeah, but that gives me a lot of confidence that
twenty four year old panels and still going pretty strong.
She noticed a little bit of degradation and how much
power they can sap off those things, but not too much.

Speaker 2 (40:18):
Yeah, that's right. I was panicking when Bruce was talking
about and he was telling me get in now, don't
don't wait because the technology will better. But the technology
is okay now. Yeah, but we will be hearing some
gremlins coming up after two.

Speaker 3 (40:28):
Oh wait, one hundred eighty ten eighty is the number
to call love to hear from you.

Speaker 1 (40:33):
Your new home for Insightful And it's a teening talk.
It's Mattie and Tyler Adams Afternoons on.

Speaker 3 (40:40):
News Talk sebby Good Afternoons. You welcome back into the show.
It is seven past two, and as you would have
heard in the news, good news, the Reserve Band has
cut the official can straight fifty bases points to four
point two five percent.

Speaker 2 (40:54):
We all knew it was going to be fifty to anyway.
There was some speculations. Some crazy people said it might
be twenty five points. Some of us like me, were
hoping it was seventy five, but it seemed like it
was always going to be fifty.

Speaker 3 (41:03):
Bang in the middle.

Speaker 5 (41:04):
Yeah.

Speaker 3 (41:05):
Yeah, so we can talk to lim Dan about that.
We are in about twenty five five minutes. He's digesting
all the news and hopefully some more banks move on that.
But we'll chat to on very shortly.

Speaker 2 (41:14):
Yeah, that's right, And after three we will talk to
Matt Henry ahead of this Test match in christ Church
against the English coming up. He's in fantastic form. Matt
Henry looks a lot like mister Darcy.

Speaker 3 (41:26):
He's a good look a man.

Speaker 2 (41:27):
Yeah, and he's an absolute scintillating form at the moment.
So looking forward to talking to that great New Zealander
after three fantastic.

Speaker 3 (41:34):
But we have been chatting about Sola energy on the
back of Solar Zero going into liquidation. Fifteen thousand customers
now unsure what happens to their solar panels.

Speaker 2 (41:44):
Yeah, it's an interesting one with Solar zero, and we
want to talk about the widest solar thing. Not so
much about Solar zero, but bought by black Rock. They
had a potential huge injection of cats not so long
ago and it just seems to have gone south so quickly. Yeah,
so it'd be interesting. We'll look forward. We'll look into
this over the next a week or so.

Speaker 3 (42:04):
The terms of the liquidation, yeah, I think that's about
five days according to some of our reporters out there
on the hero that we get to find out we're
all that money were.

Speaker 2 (42:11):
But talking about and what happens to the people that
have with their current subscription to Solar zero.

Speaker 3 (42:18):
Yeah. But I've got to say, Matt, when we're talking
about solar in general, I don't think we've had one
caller so far that has said it's rubbish. Wish I'd
never done it. So much positivity, Yeah, that's right.

Speaker 2 (42:28):
Eight one hundred and eighty ten eighty. If you do
see some gremlins in the works with a solar energy,
any problems, any tips for people, But yeah, pretty pretty
positive so far. I'm actually getting reason excited about the
idea of it. I love the idea of having a
little app on your phone and you see the power
going in and power going out. I think that's that
kind of dinky thing that appeals to people like me.

Speaker 3 (42:49):
I was just pricing up a Tesla power wall on
the back of one of the callers. Looks good, about
thirteen k yeah, yeah, and I'm looking into it. So
total expenditure, the rough estimation to get it all set
up was about sixteen eight hundred bucks to get the
power wall set up.

Speaker 2 (43:06):
And what about the panels in your roof.

Speaker 3 (43:07):
I haven't got that far yet. I'm just look going
to batteries at this point.

Speaker 2 (43:09):
Well, if someone knows, you know, because I think we
had thirty four thousand dollars. It was one call. It
was their total set up. But they got a green
Energy loan for that. But yeah, do you have solar?
Is it working out for you? Or did you get
solar and it has been disappointing or problematic? Eight hundred
and eighty ten eighty Peter, you're running a solar set up?

Speaker 19 (43:30):
Yeah, you're gonna have to note about three years ago,
we thought power prices we're going to go up, so
we went and bought a solar system. We live in
sunny Capny Coast, Lovely, and the I discovered that they
put the power wall was a Tesla power wall, so
I thought, oh well, I better buy a Tesla too,

(43:52):
So we actually bought a Tesla as.

Speaker 3 (43:54):
Well, good Man, not in the same.

Speaker 19 (43:56):
Deal, but for both of them you can get a
one percent loan, which is pretty handy.

Speaker 2 (44:03):
And who are you getting the one percent loan of
a Oh yeah, yes, yep. And one of the terms
of that loan is that is that a sort of
because of.

Speaker 19 (44:14):
That I didn't mine over three years.

Speaker 2 (44:16):
Yeah.

Speaker 13 (44:16):
Yeah.

Speaker 3 (44:17):
Funnily enough, theater I tenped in that very same deal
with the hybrid that we purchase, and I think it's
up to eighty thousand, is it that you can get
maybe an e V and then some solar panels to boot.

Speaker 19 (44:28):
Yeah, well, the the the loan, the cheap loan was
on the Tesla. I actually paid paid for the other
one before I knew about the loan. But anyway, in
the last year we have used five thousand chilo watts,
which is a mega megawatts, five megawatts, but we've generated

(44:49):
six megawatts. So the the answer, the best thing is
you've got to be a decent consumer of power to
use it all, you know.

Speaker 3 (44:59):
Yeah, yeah, and so and so that.

Speaker 2 (45:03):
It seems like it seems like something quite intense going
on in the background there. But okay, so so so
when you're you're you're over generating, and is that going
back into the grid and you're getting credits on that.

Speaker 19 (45:19):
You're getting seven seventeen cents from Meridian for for that.
We pay thirty cents to when we buy it, but
we don't buy it, buy very little. We have our
power bill sits around about forty four dollars and.

Speaker 2 (45:34):
That and that is running your and that's running your
tesla as well.

Speaker 19 (45:37):
Yeah, wow, absolutely sold on it.

Speaker 2 (45:42):
It's amazing and you and you know you're doing you're
doing a lot of k's in your tesla.

Speaker 19 (45:47):
I've done fifty k in the last two years.

Speaker 2 (45:50):
Is that your tesla that's telling you off for speeding?

Speaker 15 (45:53):
Yeah?

Speaker 8 (45:54):
Yeah?

Speaker 3 (45:55):
What model did you get, Peter?

Speaker 19 (45:57):
Model three?

Speaker 3 (45:58):
You love it?

Speaker 6 (46:00):
Yeah?

Speaker 2 (46:00):
I mean, I mean that's going to appeal for people.
That's going to appeal to people that you you've got
your solar set up and it's power in your car
as well, and you're putting energy back into the grid.
That seems there's a few tricks to it.

Speaker 19 (46:15):
Yeah, it's no good if you've gone out for the
day and then you come home and charge your car up.

Speaker 15 (46:21):
You can't.

Speaker 19 (46:22):
It doesn't work that way because your back for gets empty.
So the best thing to do is to suggest to
your wife that she walks to the shops and and
you get the car plugged in between eleven o'clock and
say three thirty, and then it's almost full.

Speaker 3 (46:38):
So you slow charge it, do you, Peter? Is that right?
You just plug it into a normal household plug and
it slow charges it.

Speaker 19 (46:44):
No, No, I got the real McCoy too, So I've
got a test for charger. I don't know how much
it charges, but it's the profit of the plug that
you're plug in at the if you're buying it commercially
as well, So.

Speaker 2 (46:57):
When you're charging between what did you say, eleven am
and three pm, so you don't basically in the in
the in the the the most powerful sun hours.

Speaker 19 (47:07):
Yeah, yeah, no point in trying to charge it at Uh.

Speaker 2 (47:12):
That's right, that's right, yeah, because then you're just going
from one battery to another battery.

Speaker 4 (47:16):
Yeah.

Speaker 5 (47:16):
Yeah, I'm really really.

Speaker 19 (47:18):
Into alternative powers. I actually managed the construction the two
wind farms and so the solar is just a little
bit off the side of that. But yeah, that renewable
energy's fantastic.

Speaker 3 (47:34):
Yeah, I love it. And how much did you pay
for their power wall? I just mentioned some numbers there
off the internet. What did you pay?

Speaker 2 (47:41):
The whole thing was thirty So that was with the power,
the power wall and the panels.

Speaker 19 (47:48):
Yeah, I got twelve panels. I actually brought a couple.
A couple more had of roof space. I put an
extra two on, but it was a bit over thirty
for the for fourteen panels and a power wall.

Speaker 2 (48:01):
Yeah, and how often you up the spraying the wit
and forget around and making sure that the panels don't
get covered and liking.

Speaker 19 (48:09):
Pollend clean them once.

Speaker 2 (48:12):
Yeah, well you've cleaned them once. How dirty do they
have to get before you noticeably notice that that the
amount of energy coming in is going down?

Speaker 19 (48:27):
Don't notice it? It's not liking on it. Well, I
can see from the bottom.

Speaker 2 (48:32):
See. I don't know, I don't know if I might
be misunderstanding. I've just removed so much liking off the
roof of my house to paint the roof.

Speaker 8 (48:41):
Where.

Speaker 19 (48:42):
What area do you live in?

Speaker 2 (48:44):
Mounted in an Auckland?

Speaker 19 (48:46):
Yeah, okay, So I bought a yacht a few years
ago and it had likeing on the on the spreaders
of the mast and it was an Auckland based shot.
Then I shifted it down the well inst and the
sounds and it never gets the like And so it's
a liking in an Auckland.

Speaker 3 (49:01):
You Yeah, what you don't need like like Aukland.

Speaker 2 (49:07):
Is that a saying liking like Aalklands?

Speaker 5 (49:09):
Yeah?

Speaker 3 (49:09):
Yeah, Peter, thank you very much. Very interesting. Oh one
hundred eighty ten eighty is the number to call Love
to hear your solar experiences. It is quarter past two.

Speaker 1 (49:18):
Your new home of Afternoon Talk and Taylor Adams Afternoon Call.

Speaker 5 (49:23):
Oh, eight hundred eighty ten eighty news talks'd be.

Speaker 2 (49:27):
We've been talking about solar panels, solar energy after solar
zero has gone into liquidation. We've been asking if people
have solo and we've had an hour and about eighteen
minutes of people with nothing but positive thoughts on solar.
We've got Barry who's had some problems.

Speaker 7 (49:44):
Welcome to the show, Tyler, great show boys. You look,
I don't recall it, but I've been listening to everybody
in the positive spins on solar and not for me.

Speaker 3 (49:57):
You know, we did it.

Speaker 7 (49:59):
We put solo on a cowshed in another business and.

Speaker 6 (50:02):
It was just to disaster.

Speaker 2 (50:05):
Oh how come?

Speaker 16 (50:05):
What? What?

Speaker 3 (50:06):
What went down?

Speaker 2 (50:06):
Barry?

Speaker 7 (50:08):
Well, dress of all, they didn't hook it up to
the group for quite some time, so we weren't getting
any any checkbacks. You know, frexis power that we generated.
And then the next thing, having them burnt the cowshed down.
Oh it was another story.

Speaker 11 (50:24):
OK.

Speaker 7 (50:24):
And it's just that this shares no savings in it.

Speaker 3 (50:28):
Well yeah, I mean if it sparked the fire that
burnt the cowshed down, that's a big cost there is
that what happened, So there was a spark or something
happened with the solar panel. It wasn't properly then that
it was.

Speaker 7 (50:39):
It wasn't It was too close to the main power
source and they couldn't prove it. Of course, insurance, you know,
there was a big investigation, of course, and they said
that's the problem, but we cannot prove it beyond or
reasonable doubts.

Speaker 8 (50:52):
You know, we have a couple of businesses.

Speaker 7 (50:54):
We didn't put on the home fortunately.

Speaker 16 (50:56):
But.

Speaker 3 (50:59):
Me and BARRYE.

Speaker 2 (51:00):
Do you think that was more of an era from
the people that were installing it for you than the
basic principle of solar power.

Speaker 7 (51:11):
Well, look, we actually put it into One was a
couch and one was another business some distance. Await and
look for what you pay for it to have an
installed for me? The savings just weren't there. Certainly was
not worthwhile, and I could turn down the back of
the clock. I certainly wouldn't have done it.

Speaker 2 (51:28):
Oh well, I thank you for that, Barry. And it's
always good to hear from a Barry. Whenever I talked
to a Barry, I point out that I called my
son Barry. I called my son Barry Barry in two
thousand and nine. So I'm trying to keep the Barry
name going because I think it's a fantastic name, and
I've never met a Barrier.

Speaker 3 (51:44):
I don't like it's a good history behind Barry. I
E one hundred and eighty ten eighty is the number
to call just a text tier or question from the
text machine. Hey, guys, can you ask callers if having
a battery affixed their insurance. It's a good question because
insurance companies are getting a little bit nervous about evs.
I know I had questions from my insurance company about

(52:05):
my hybrid.

Speaker 2 (52:06):
Yeah, because when a battery in an ev or for solivent,
when it starts burning. I've seen the videos at Burns
and Burns, and there's been some situations at sea with
EV's going up and they just go and go and go.
In fact, my dad gave me an e bike recently
because he fell off and didn't want to ride it anymore.

(52:27):
Thanks dad, I'm loving zipping around on your e box.

Speaker 3 (52:31):
Is that a nice bike?

Speaker 2 (52:34):
It's a pretty cool little orange. It's slightly humiliating, but
it's true. It's a fold up e bike.

Speaker 3 (52:39):
Oh, nice, yep.

Speaker 2 (52:41):
But he was enjoying the rail rail trail and then
he fell off and he thought that's not for me,
so we shipped it up here. But he's a technologically
minded person and he was adamant to give it to
me that I wasn't leave it plugged in all the time,
because you know a lot of people come home with
their e bikes and they just plug it in and
leave it in. And he goes that, your dad is
risky leaving it plugged in. So I'd be interested to

(53:01):
hear about that with having those batteries in your house
for solar doesn't fect your insurance and if people are
worried about that, because they are, Yeah, yeah, As I say,
when they burn, they burn in a way that's not
got out, quite different to anything else you've seen.

Speaker 18 (53:16):
Yeah.

Speaker 3 (53:16):
Absolutely. If you know nine two nine two is the
teach number, it's twenty two past two.

Speaker 1 (53:25):
Matt Heath and Tyler Adams afternoons call oh eight hundred
and eighty ten eighty on us talks V.

Speaker 3 (53:31):
Good afternoon, twenty four pasts too, just to quick text
to get a Tyler. Did you drive your EV all
the way out from christ Chute? So How easy was it? Yes,
I did, but it's not a full EV, it's a hybrid,
so it was piece of pie. When I ran out
of juice, I just filled it up at the guest stations,
no problem.

Speaker 2 (53:48):
Yeah, I mean that must be peace of mind, because
you know you're running up. You have to do a
bit of organization if you're going to bring a straight
EV up from christ Church.

Speaker 5 (53:57):
Yeah.

Speaker 3 (53:57):
Yeah, there would be a bit of planning, wouldn't it.
Range anxiety, Yeah, it's still there.

Speaker 2 (54:01):
How do because I guess you'd have to start modologers
or motels to charge it. I wonder how they feel
about you running a an extension cart out charge up
your EV on the way.

Speaker 3 (54:13):
Up the country exactly.

Speaker 13 (54:14):
But we have.

Speaker 2 (54:15):
I was shooting a television show recently up north and
one of the producers turned up and we were shooting
in a church and I went around the side of
the building and this high flooting producer, great man, but
high flooting producer.

Speaker 8 (54:28):
He ran.

Speaker 2 (54:29):
He ran a power called at the back of the
church to charge up as EV.

Speaker 3 (54:34):
Good man.

Speaker 4 (54:34):
I like it was.

Speaker 2 (54:37):
He was nicking power from God.

Speaker 5 (54:39):
He was.

Speaker 3 (54:40):
Even though I only get fifty k's out of my battery.
I still do that. If I go to an Airbnb,
if the owner's not around, I'll run an extension court out.
I'm taking that power. You haven't paid good money, you
dirty dog. We have been talking about solar energy and
plenty of text and calls that come through on this ben.
You've kind of taken us full circle because we started
off this conversation talking about Solar Zero. Now in liquidation,

(55:03):
you're a customer.

Speaker 15 (55:05):
I've been with about four or flog Not one can
plain against them, to be honest, it's been for a
zero money thing. But I'll say probably anywhere from a
quarter to a half of my pair. But every month
since Now, that's the thing I'm not sure about. It's

(55:26):
I've been a locked in contracts for eight cents to
kill a lot when I buy them a power when
I go out on the grind and it's got an
official document. So if they do go bus, does that
mean the power provider that they apply to us, does
that mean they have to fullfloard or have you heard anything?

Speaker 2 (55:45):
Have you heard anything from Solar zero since since this
news that they've gone into liquidation.

Speaker 15 (55:51):
No, just to news, whether just saying lot you're an
existing comment customer. We're just going to carry on as
normal at this stage. So things have changed.

Speaker 19 (56:01):
Backs off.

Speaker 15 (56:02):
I never paid a cents towards put the install it.
I gave the guys. I gave the guys at fifteen
out of ten to put that in. It was just
absolutely top notch. They've got two pair boards and a
teacher and yeah, I've had nothing but good stuff out
of them since and during this yesterday was that brod.

Speaker 12 (56:24):
Whats going on?

Speaker 2 (56:26):
So when you when you got you've got free installation,
but you were you were also power paying a monthly subscription.

Speaker 20 (56:32):
Is that right?

Speaker 19 (56:33):
That's correct?

Speaker 16 (56:34):
Now?

Speaker 15 (56:35):
They also they have a deal like if I talk
you and to it, for example, they give me a
thousand dollars credit account. So I've just saild one a year.
I've put for five years, so it's five people AFL.
They're going to bring me up tonight and give me
a bit.

Speaker 6 (56:51):
Of a.

Speaker 15 (56:53):
But I just used that five. I just used those five,
those thousand dollars to pay for my thank you rental
for the year, you know.

Speaker 3 (57:02):
And so you've still got what twenty years on the contract,
give or take.

Speaker 15 (57:07):
Yeah, I think it was a twin a year contract.
And after ten years, you're pretty much owner at sures.
You get you get two batteries, you get the one
they give you at the start they had a thing
with Panasonic, so it's all Panasonic equipments on a battery.
And when when that one died after about ten years,

(57:28):
they were meant to give us take him back three
as well.

Speaker 3 (57:30):
Interesting, So what do you think will happen? I mean,
I mean, I suppose it's you know, it's all up
in the air at this stage. But are you hoping
they may just give you the solar panel, panels and battery.

Speaker 15 (57:42):
Well, look, I never put a scent down towards it.
Not one seat I locked him by and one from
Harrison's for example. By everyone else has been talking about
now I'll have to pay for someone to come and
put that in. I'd had to pay for someone to
come and fixitive and broke down all that sort of thing,
whereas this one here not a thing head like a

(58:04):
little a phone aerial on it, so that I think
went wrong. It just went straight back to day bringing
me out to say, hey, has gone down. So I'm yeah,
I don't know what to think because it's only new.
But hey, if I inherit a paragrind things that I

(58:28):
had to take us called whatever. You know, Well, they
can take it away and I'll just go back to normal, don't.

Speaker 2 (58:41):
Yeah, thank you so much for you call Ben. It'll
be interesting to see. I think it's five days before
we hear exactly what's going to happen around the liquidation
of solar zero. Going back to that batteries thing, and
this is from Wendy. Hey, guys, there are different formats
of lithium solar batteries. Lithium iron is the one that
catches fire and toys, et cetera. Lithium iron phosphate used

(59:01):
in the likes of house batteries and motor hones and
caravans are almost bomb proof.

Speaker 3 (59:05):
So night, Well, there we go. According to Wendy, I
better find out what's in my car. Yeah, old google that.

Speaker 2 (59:11):
As we go to the headlines, Yeah, so I think
the house ones according to India, I think the house
ones are okay, but I mean there's definitely stories of
the ebs going up and burning and burning and burning.

Speaker 3 (59:19):
Yep, certainly right, good chat. After the headlines, we're going
to catch up with Liam Dan, our Business editor at large,
to break down the OCR cut of fifty basis points
it has bang on two thirty.

Speaker 16 (59:33):
Deuce talk said the headlines with blue bubble taxis it's
no trouble with a blue bubble. The Reserve Bank has
cut the official cash rate another fifty basis points to
four point two five percent, ASB B and z ki
We Bank and the Cooperative Bank have lowered rates in response.
Fifteen hundred rolls are on the line at Health and

(59:54):
Z and another round of mass cuts. The National Health
Provider says it's still spending over budget and claims this
reset will strengthen its front line services. The government still
hasn't found a home for the mald Arabis Disaster memorial.
Forty five years after a New Zealand flight nine oh
one crashed in Antarctica, killing two hundred and fifty seven,

(01:00:16):
our Foreign Minister says New Zealand welcomes the news of
a cease fire between Israel and Hesbela, saying it's essential
for breaking the cycle of violence and letting people return home.
David Seymour has unveiled the first new charter school, which
will open in christ Church next year. Mastery Schools New
Zealand to Ata Parky, New Zealand's largest medicinal cannabis grower,

(01:00:38):
secured Australian deal. Find out more at Enzen Herald Premium.
Back to matt Ethan Tyler Adams.

Speaker 3 (01:00:45):
Thank you very much. Ray Lean will in the news
a little bit earlier, of course, the Reserve Bank has
cut the official cash rates another fifty basis points to
four point twenty five, up percent. To break it all down,
we've got Liam dan And Studio Business editor at large
for the New Zealand Herald, get Aliam, Now was I mean,
clearly it wasn't a surprise. A lot of people predicted
the fifty basis point drop. Any indication from the Reserve

(01:01:09):
Bank about where they may go next, Yeah, Well, they
do publish.

Speaker 21 (01:01:13):
A new rate track and new forecasts. I guess it's
a little different since their last August monetary policy statement,
but not wildly out of line with the forecasts and
things we've been reading about the economy. So the economy
a little bit shabby, shall we say, going into the
start a twenty twenty five, seeing a recovery in twenty

(01:01:35):
twenty five, but they haven't really changed the rate track much,
so it's a slightly different so that I mean obviously
that they see more rate cuts to come. Most people
seem to think there's another fifty basis points, but it
lands around three point five somewhere around there in the
middle of the year, and they haven't changed that much,
and I guess it's kind of playing it with a

(01:01:56):
straight bat. The market's seen that is a little bit,
you know, perhaps not quite as dubbish as it might
have been. The dollar went up a little bit, which
means that it could have been they could have been
more aggressive around around cutting. So they've left the pathway
pretty clear to go either way, depending on what happens
in the world. For example, you know, they've alluded to
a slow down, global slow down, and of course they

(01:02:19):
won't talk about Donald Trump, but that's a huge variable
coming around tariffs and all that sort of stuff.

Speaker 2 (01:02:24):
It certainly is, and of the banks reacted yet, well
you would have.

Speaker 21 (01:02:30):
Seen probably A and Z moved their fixed rates last night.
But so far it's really just the what I would
call the standard marketing releases. They say, oh, we've passed
it on. Well, of course you have your passed and
it's all on the floating rate, so you expect the
floating rate to pass through pretty cleanly, be something wrong
if it didn't, but we haven't seen. Usually takes a
little bit longer for them to work do the maths
and work out what they're going to pass through on

(01:02:51):
the fixed rates. But if that A and Z move
last night was any sort of guide, it's more like
sort of twenty basis points or it won't be the
full fifty that comes through on your fixed rates over this,
you know, the one year term something like that.

Speaker 3 (01:03:04):
Yeah, So for those that have gone on to floating
while they waited for this cut, is their potential for
them to wait a few more weeks to see what
happens or is it's just too hard to tell, and
if you get a good deal from your bank, take it.

Speaker 21 (01:03:16):
It's a very good question, because that's exactly what I did.
I think I'd be expecting something to come through around
my fixed rates in the next few days, and so
I'd imagine I'd be fixing in the next week or
so to get off the higher floating rate. Yeah, there's
another cut coming in February. But then I way I
do it is split it into two halves of the mortgage,

(01:03:38):
so I have another go in April with the other
half of the mortgage. So yeah, yeah, everyone's got their
own strategy, right, Yeah, that's right.

Speaker 2 (01:03:45):
What would have to happen for them not to lower
it again? You say that they're talking about they're talking
about some weird figure like three point four, which isn't
something that you like.

Speaker 3 (01:03:53):
Yeah, three point fours.

Speaker 21 (01:03:54):
It's a hypothetical figure, but they just plot a graph
and they don't really worry about them the reality of it.
So that means that it's probably three point five with
some odds on landing at three point twenty five, which
would be a fifty basis point cut, and in another
twenty five and maybe another twenty five. Yeah, well, some
of that depends on inflation. So if inflation was to

(01:04:15):
bounce back or didn't come off in some of the
areas that we're expecting, that could slow them down. But
otherwise it looks more like you know that the commentary
on reading is suggests that it could actually and don't
take this as gospel, but it could actually go lower,
you know. And so capital economics are based in Singapore.
They reckon they'll end up cutting to two point twenty

(01:04:36):
five or something like that, which is pretty grim. Because
they wouldn't do that unless the economy was pretty rough
next year.

Speaker 8 (01:04:42):
Yeah.

Speaker 2 (01:04:42):
Well that's one of the interesting things because we all
celebrate that the interest rates are going down, but it
isn't actually a big thumbs up for the economy.

Speaker 3 (01:04:50):
No, just just as long as you keep your job.
So it's all good, as long as your job isn't
the one that Yeah, we're going to throw this question
out to the audience very shortly, Liam, but how do
you get the best deal out of your bank? So,
I mean, is it worth negotiating at this point that
if you're looking to refix and you go to your bank,
or you're broke it for that matter, and say, hey,
I want to bet deal negotiate for me, is that
ever worth it?

Speaker 5 (01:05:10):
Yeah?

Speaker 21 (01:05:11):
See, I'm a terrible person to ask in some respects
because I've been with my bank since I was fourteen,
so I've never really threatened to throw the toys. But
I've only only really, you know, had one mortgage one,
you know. Yeah, look, I mean you get this. You
want to get the special rate. Obviously they do a
special rate for people with a bit of capital in

(01:05:31):
the house, and then beyond that, I guess, yeah, like
all negotiations. You've got to be prepared to actually walk away,
don't you. Which if you are, good luck to you.
I mean it's quite it's quite an effort to switch banks.
It's supposed to be getting easier. That's the whole point
of all this stuff open banking stuff, is that we're
all supposed to be able to switch banks far more easily.
Put a bit more pressure on them to give us

(01:05:52):
the good deals.

Speaker 2 (01:05:52):
When you go and talk to your bank, do they
do they acknowledge that you're the business editor at large
for the New Zealand Herald and negotiate with you accordingly.

Speaker 21 (01:06:03):
Well, just to the extent that, yeah, one or two
times they've worked it out and then they just want
ask me what's going happen and you know, we don't know.

Speaker 2 (01:06:12):
You could use your position, so this is definitely what's
going to happen. So this is the rate you need
to get.

Speaker 3 (01:06:17):
YEA, Yeah, yeah, great stuff. Leah, always good to chat,
Thank you very much. That is Liam Dan, business editor
at Large for the New Zealand Herald. But that is
the question we want to put to you, is how
do you best negotiate with your bank. I've never negotiated
with my bank. I've always taken the advertised rate. Am
I a mug? I feel like a mug now, yeah.

Speaker 2 (01:06:34):
Because because more and more people just do the one
that's on the app. Right, So you just click this
is what's offered to you.

Speaker 5 (01:06:39):
Do you want it?

Speaker 2 (01:06:40):
And then you click it or you don't? Is that
still a thing going into your bank and going, look,
I want this or I'm going to work walk? I
mean it must be for some people. It's a type
personality type that would do that.

Speaker 3 (01:06:50):
Yeah, have you ever done it?

Speaker 16 (01:06:52):
No?

Speaker 2 (01:06:52):
I haven't done it.

Speaker 6 (01:06:52):
No.

Speaker 2 (01:06:54):
I've had mortgage brokers though, and so I hope they're
going and just ripping the bank a new one. Yeah,
but I don't know, because then they sell to me
the story that they want me to know.

Speaker 13 (01:07:03):
You know.

Speaker 3 (01:07:04):
Oh wait. One hundred eighty ten eighty is the number
to cool. Love to hear from you if you've managed
to otiate a better deal with your bank or do
you always when it comes to refixing time you go
to your bank and say, don't like the advertiserrate, give
me a better deal. Love to hear from you. Nine
to two nine too is the text number. It is
twenty to three, the issues that affect you, and a
bit of fun along the way.

Speaker 1 (01:07:23):
Matt Heath and Tyler Adams afternoons you for twenty twenty four.

Speaker 3 (01:07:27):
You've talked said, be good afternoon. It is seventeen to
three and on the Bank of the ocr being cut
another fifty basis points to four point twenty five percent.
We've asked the question, can you ever negotiate a better
deal with your bank? Yeah?

Speaker 2 (01:07:41):
And I was just thinking about this because you know,
we're working around our mortgage and this is an interesting
text that come through. High lads love the show. But
here we go, landlord vibes, I'm not a landlord. Did
it occur to you that a large part of the
audience rely on higher interest rates for a small income.
They're called savers. I mean that's a really good point
because people and mine in your position, Tyler there heavily indebted.

(01:08:02):
The interest rates are coming down a huge for us
and a positive and we celebrate them. But if you've
got money in the bank and you want that money
going up, so yeah, we forget about those people. So
apologies for that. We're very focused on our current situation
in life.

Speaker 3 (01:08:18):
Well, we're having a chat to someone in the office
that we work very closely with, Andrew, our producer. I
don't know whether the name dropped there, but he managed
to negotiate a better rate for his term deposit. So
it does work that he went in there and said, hey,
can you do me a better deal for the term deposit?
Saving a lot of money with you and they came
to the party.

Speaker 2 (01:08:33):
It's on the other side of the coin. But yeah,
we were talking about, you know, interest rates and negotiating
around your mortgage and such. And you know, there used
to be a situation when people knew their bank manager
and that was a person they had a relationship with.
It was akin to your relationship with your doctor. People
used to get their bank manager a presence at Christmas

(01:08:57):
and they had that relationship. So they go back and forth.
I'm not sure if that exists so much anymore. As
I was saying before, you tend to Now you go
to your app and it goes here's the interest rates.
You want it, rest the button and you do it.
And so I'm coming up to talk about my mortgage
next week, actually around around around an issue and I went, oh, okay,

(01:09:18):
I'll go back and see the guy. And then I
noticed that the branch that he was in no longer
exists and he no longer works there. Of it, I'm
actually going to meet and well, I'm not going to
meet him anywhere because he doesn't wear for the bank anymore.
But well, I might meet him for a drink. We
didn't head it off that much in our one hour meeting,

(01:09:38):
But gonna meet a totally different person in a mall,
in a mall bank. But but there is no there
is no relationship there with your with your bank anymore
for me anyway, I think it is some some rural
bankers have that relationship with their bank people. Or if
I'm reading it to ads, you see those ads where

(01:09:58):
you're standing with your with your your your bank guy
and he's both got gun boots on and he undersigned
the situation.

Speaker 3 (01:10:04):
He's a good man.

Speaker 2 (01:10:05):
But is it really a personal thing anymore?

Speaker 3 (01:10:08):
I don't know anybody at our bank. There's not a
person that I know. Hey, can I please speak to
James because he's looking after our accounts. Nah, that doesn't
exist anymore. And what about the situation about mortgage brokers?
Do they have relationships with different people at different banks,
and do they have the ability to move the person
or a movie around, because you know, you talk to
your mortgage broker and they go, I talk to five banks,

(01:10:30):
and this is the best deal I can get. And
I want to say to them that we're going to
go to the other people if.

Speaker 2 (01:10:35):
They don't go with this. Yeah, but you know that's
sort of a that's sort of a dark art that
I don't understand as well. Yeah, and yet it's one
of the most important things in your life, your mortgage.
You know, on the other side of it, if you've
got savings and you're having to live off that, that's
also an incredibly important thing in your life. And yet
it's something that's kind of mysterious to most of us.

Speaker 3 (01:10:55):
Yeah, well even without my broker. Our broker, I should say,
and went to her a couple of weeks ago because
we were due for refixing, and she's great. I don't
want to knock her, but I said, you know, we're
coming up for refixing. What should we do here? And
she basically came back and said, here's the A and
Z advertised rates. That's a good deal. You should probably
lock that in. And I was thinking, well, the options there.

Speaker 2 (01:11:15):
Did she just google that. I think, so you reached
out here, she googled it and she sent it back
to you and exclaiming to be an expert.

Speaker 3 (01:11:21):
Yeah, but she might not make any money from that
because that our mortgage was set up by a previous
broker who we thought was a bit rubbish, so we
went to a new broker. But maybe she doesn't make
any money unless we change banks.

Speaker 2 (01:11:33):
Yeah, yeah, yeah, I mean the structure of how brokers
make money from your mortgage is interesting as well.

Speaker 3 (01:11:37):
Yeah, Sarah, you reckon absolutely negotiate every time with your
bank con rates.

Speaker 11 (01:11:43):
Yes, I do.

Speaker 15 (01:11:45):
So.

Speaker 20 (01:11:45):
I resexed my wage in October and so that's when
the see our rates were getting reviewed. Well, I actually
wanted to imploaded. But you get some rates on the app,
but you never accept what's on the app. You always
always fall and talk to someone. And it's a lot

(01:12:08):
if you're on holes. But you build up a rapport
with your banker and then you just have to ask,
and you ask again and again and they'll say no,
and then you ring up the next day and then
you ask again and you just keep persisting. And they
do have like a price team. They'll say that the

(01:12:28):
guard top two and you just ask, like, please speak
to your bracing team, and it gets to the point
where you're so annoying that they will be like, all right,
you know, so I got discounts for my floating, I
got discounts on my fixed rates.

Speaker 7 (01:12:43):
I got a cash retention.

Speaker 16 (01:12:46):
Cash back.

Speaker 20 (01:12:48):
But it's a lot of work, so you need time.
But it's worth it because I have my rate is
so high. Even if I can just get point one
point two offs, it's really really worth it for me.
But it's it's not a good feeling sometimes. But as
long as you have as a rapport and you know
you have good banter with them, some bankers are really

(01:13:09):
willing to help you.

Speaker 3 (01:13:10):
Yeah, yeah, I love that.

Speaker 20 (01:13:12):
I don't even go through a broker either.

Speaker 5 (01:13:13):
Yeah.

Speaker 3 (01:13:14):
I just feel like I can do it better than
a broker, And so what what's the question?

Speaker 2 (01:13:17):
What's the question you ask? You just go can you
go lower than that?

Speaker 20 (01:13:22):
Pretty much that's how the conversation starts.

Speaker 7 (01:13:24):
It's like, you know, I have this much equity.

Speaker 20 (01:13:28):
I pay everything on time. Just think you're doing this rate.
I know that you guys are doing this rate for
other people. So I follow like groups and they post
there getting my brother's getting this rate, is getting this ray.

Speaker 2 (01:13:45):
Yeah, because the information's out there and it's so important
to our lives and in terms of you know, the
effort you put into your work and and the money
you earn, and you know savings and wherever you can,
maybe the supermarket, but to actually put the time and
effort that you do in Sarah, you do, Sarah, and
to get a little difference, as you say, one hundred percent,
that is that is a big big change in your

(01:14:05):
life over time. Just a little move and an interest rate.

Speaker 20 (01:14:09):
It is especially when there's like my floating was, it's
like it's it's killing.

Speaker 12 (01:14:16):
Us, and it's just like we just have to put
the effidence ye.

Speaker 20 (01:14:19):
Down it's possible, and especially like plead my case as
well and be human. So they still try.

Speaker 3 (01:14:26):
If you're really hook to them, what would be a
good discount that you get, Sarah? So say, for example,
what's the advertised rate now five point seventy nine percent
for a year? You go to them and say, can
you do me a better deal? What would you be
happy with?

Speaker 20 (01:14:40):
So when the advertiser rates were five point nine nine,
I got my six SETSI with five nights just by
comparing other banks.

Speaker 13 (01:14:49):
Yeah.

Speaker 2 (01:14:49):
Yeah, so that's for a year. Yeah, so it's been
a negotiation. And I've got a question for you. Are you, Sarah,
Are you the same person? Because I know people that
will negotiate and they'll go between power companies and back
and forth until they get a good result. Are you
doing this across a lot of things in your life?

Speaker 20 (01:15:06):
Something somethings else time, and so if it's worth it. Yeah,
I'm a haggler, like I will anything to get a deal.
I'll go and pick these up for free. So I'm
not have a person I won't do it for everything.
I'll against my time.

Speaker 5 (01:15:25):
Yeah.

Speaker 2 (01:15:25):
Yeah, well that's smart, se see, because I'm not and
I think that's a real failing in me. My money
skills are terrible. I won't haggle. I'll just spend and
not worry about it. And and I wish I had
some of what you've got, Sarah. I think a huge
advantage in life.

Speaker 3 (01:15:40):
So good on you, Thank you, thank you, Sarah. Yeah,
I'm the kind of the same. Is that a lot
of that stuff for me? And I'll probably try and
haggle with my mortgage rate, I mean my bank. If
you're listening right now, I'm coming for you, but a
lot of it's Edmond though. Right If I'm looking for
a different power company and I start that process and
I think, oh man, this is so punishing, I'll just
pay the price.

Speaker 2 (01:16:00):
Yeah, but don't just spend one of your afternoons drinking.
You know I like drinking. Yeah, like just just just priorities.

Speaker 3 (01:16:06):
Drinking is way more fun at a And sure I
had one hundred eighty ten eighty as the number call
it is eight to three.

Speaker 1 (01:16:15):
The issues that affect you and a bit of fun
along the way Matty's and Tyler Adams afternoons.

Speaker 5 (01:16:21):
You for twenty twenty four you've talked.

Speaker 2 (01:16:23):
Said be we're talking about negotiating with your bank around
interest rates. You just take what's an offer? Or do
you talk them down? Is it even possible to do that?
The oci has been dropped fifty basin points basis points
to four point twenty five, Ginny, your thoughts on bank relationships, Yeah,
not so much.

Speaker 22 (01:16:42):
Of relationships anymore, but it's really important you do talk
to someone. I've always negotiated my interest rate always, and
I even taught my son how to negotiate and to
do that. What they do is they'll say, oh, look
that's the rate that everyone's going with and we don't
actually have authority to lower it, and you just say

(01:17:02):
that's fine. I'm happy to wait while you get someone
who has that authority. But it's worked time. The other thing, too,
is when you get a mortgage and they go, oh,
we can give you two thousand dollars cash or three
thousand dollars cash. You know that money they give you. Yes,
I've always negotiated for an extra thousand, and I've gotten
it for me and for my son when we took

(01:17:24):
out our mortgages. I always negotiate with the power company.
If my Pound company is doing a deal for new customers,
I bring up. They go, you're not a new customer.
I go, no, I'm actually a proven, good customer. Why
don't I get the same deal as someone who hasn't
proven their loyalty? And go away and get get someone

(01:17:44):
under authority. They come back, I get a deal. So
I do that with all of those things you have
to and you've got to talk to someone, don't press buttons.

Speaker 2 (01:17:53):
Oh thank you so much, and congratulations on being the
type of person you are, Ginny.

Speaker 3 (01:17:57):
That was great wasn't it just escalator? Is glad it
to the top and get the deal. We're going to
carry this on after three o'clock.

Speaker 2 (01:18:03):
Yeah, oh, one hundred and eighty ten eighty. How do
you negotiate with your bank for lower interest rates? Can
you negotiate it? And we're getting some hot texts coming
through around brokers, some four and summer gains, so we'll
share those with you after the break.

Speaker 3 (01:18:19):
And just a reminder, we are going to be chatting
to Matt Henry Blankcamp of course at about three point thirty,
so looking forward to that new sport and weather on
its way. You're listening to Matt and Tyler. Very very
good afternoon to.

Speaker 5 (01:18:30):
You talking with you all afternoon.

Speaker 1 (01:18:48):
It's Matt Heath and Taylor Adams Afternoons New for twenty
twenty four News Talk ZIBB.

Speaker 3 (01:18:55):
God afternoon, Welcome back into the show. Seven pass three.

Speaker 2 (01:18:58):
So the OCI has been lowered fifty basis points to
four point two five. We're talking about banks negotiating with
them around your interest rate?

Speaker 20 (01:19:08):
Do you do it?

Speaker 19 (01:19:09):
How do you do it?

Speaker 2 (01:19:10):
What a brokers do? Are they any good? Do the
banks move it all? And we're in a great chat
so we'll keep that going. One hundred and eighty ten
eighty nine nine two is a text number. Before we
get back into that, I've just got a question for you. Yeah,
you know, my hair is a bit fluffy. It's a
bit boofy today. I've just washed it.

Speaker 3 (01:19:25):
Hard to tell though, because you love a good cap.
You've got some nice caps.

Speaker 2 (01:19:28):
Look if my hair isn't a bad state, or we
were a cat, But I was just in the bathroom
here at News Talks. He'd be, yea, in the palatial
News Talk's head be my Costing Memorial bathrooms.

Speaker 3 (01:19:36):
Yea, it's a beautiful bathroom.

Speaker 2 (01:19:37):
And someone had left their hair gel there. They'd gone
on to do their hair, not that sort of their
hair fudge. It was in like a little tin, and
they'd left the lid off it, and they'd been doing
their hair and they'd walked out. Is it kosher for
me to just dip my fingers in there and do
my hair.

Speaker 3 (01:19:52):
With that yuck? What was it like brool cream or something?
Was that clay?

Speaker 2 (01:19:56):
It was sort of some whitey, sort of sort of
fudgy kind of stuff. I want to find out with
the moral before I admit to what I have or
have not done. I want, what's the moral what's the
can because they've left it hanging out there? I mean,
is it a hygieness issue for me? You wouldn't put
your fingers in someone else's fudge because they left it

(01:20:17):
lying out.

Speaker 3 (01:20:17):
Well, I think you're well within your rights to dip
your fingers in that fudge. But if they did they
walk in as you were about to sample some of
their bal croup.

Speaker 2 (01:20:25):
No, I know that the bathroom was empty.

Speaker 12 (01:20:27):
It was just me.

Speaker 3 (01:20:28):
Well, then it's you know, free for all.

Speaker 2 (01:20:29):
It might have been Hoskings here stuff.

Speaker 3 (01:20:31):
Maybe it is. Maybe that's supplied by the company.

Speaker 2 (01:20:33):
He is great here. Yeah, I could go for that
hosking Look, I mean I wouldn't have someone left their
role on deodorant in there. I wouldn't be I wouldn't
be getting.

Speaker 3 (01:20:41):
Into that's a step too far, is it?

Speaker 15 (01:20:42):
Yeah?

Speaker 3 (01:20:43):
Yeah, a moral dilemma.

Speaker 2 (01:20:45):
You know, these moral dilemmas, they pop up in life
all the time.

Speaker 3 (01:20:47):
They certainly do nine two nine two. If you can
help man out on that one, But bet to negotiating
with your banks. Plenty of great takes coming through on
nine two nine two.

Speaker 2 (01:20:55):
This one's interesting. High lads, I work at one of
the major banks. Trust me when I say we work
very hard to get you the best rate possible. We
will always offer the discretion rate and encourage and encouraged
by the bank to for this rate. Also to note
that the banks versus brokers you're going to get the
exactly are you're going to get exactly the same thing,
right someone here says apps or we're a here. Brokers

(01:21:19):
are more interested in their commission than your interest rate.
You get the bank that gives them the best that
they get, they go to the bank that gives them
the best commission. Negotiate with your bank yourself and nineteen
nine two for the complete circle on it broker here,
we ask clients to check in with us before selecting
a rate on the app so we can check it
across the market for them. We send them an email

(01:21:39):
and text to check in also to see where they
are in life, as there may need to be a
bigger conversation than just selecting the cheapest rate. That's from clear.

Speaker 3 (01:21:48):
Yeah, great teas coming through just on the one about
who was having to go at brokers they're more interested
in their commission. But I've always just been on the
side where I don't know if I can trust my
bank to do right by me because it's the bank
making money, right, And I look at a broker and
I think they kind of work for me. Yes, they
get in a commission, but they are working against the
bank to get the best deal for me, plus a

(01:22:09):
good deal for themselves as well. But maybe I've got
that round the wrong way. Maybe the bank does want
to work with me.

Speaker 2 (01:22:14):
Well, hang on a minute, I've got a question here.
I don't really know how it works. And this is
ridiculous because I have used a broker. So do they
get more commission if it's a higher interest rate, or
do they get just a commission on whatever it is.

Speaker 3 (01:22:25):
I've got no idea I should though, because I ever
have a broker.

Speaker 2 (01:22:29):
But yeah, someone could come back to us on that.
On eight hundred and eighty ten eighty. If you text
here and Matt, go for your life. If someone stupid
enough to leave their fudge out in public, fill your boots.
Someone else has said, hell, yeah, Hosking won't mind if
you use his here fudge.

Speaker 13 (01:22:41):
There you go.

Speaker 3 (01:22:42):
Well, we'll find me tomorrow morning.

Speaker 2 (01:22:43):
I mean not sure if it's Hosking, So I'm just
saying it could be. You know, we know he uses
the bathroom.

Speaker 3 (01:22:49):
Yeah, he's got good hair, Hosking.

Speaker 15 (01:22:50):
Eric.

Speaker 3 (01:22:51):
You have had many years of dealing with banks.

Speaker 4 (01:22:54):
Well, yeah, I mean I've paid my mortgage off now,
but I mean, you know we're talking a lot, you know,
twenty years ago, I've got a mortgage. But yeah, I
never used a broker, and you know, I trouble is
getting a loan to start with for a broker, And
so I ended up going to the bank direct myself,
and he basically.

Speaker 2 (01:23:13):
Paid me the broker fee, right, right, And how does
how does what was the broker fee? How does that work?

Speaker 4 (01:23:20):
Back in those days there wasn't a lot. It was
only about six hundred dollars, right, So it was.

Speaker 2 (01:23:24):
A one off payment rather than the commission.

Speaker 4 (01:23:25):
One of payment because I rent direct to the bank.

Speaker 12 (01:23:28):
But it wasn't.

Speaker 4 (01:23:29):
I didn't try to underdo the broke, but he just
he couldn't get my loan for So I just went
and spoke to the bank myself and said, well, what's
the story? Why is this?

Speaker 16 (01:23:37):
You know?

Speaker 4 (01:23:37):
And he told me what to do and how to
get around it, blah blah blah, and and we got
a mortgage set up, and I ended up setting up
two loans. One was a one was a your main
standing loan I would say twenty five years, and the
other one was a flexi loan where you was just
a reverse mortgage mortgage. Basically you can take it back
up if you want, So don't you paint that off

(01:23:57):
as much as I couldn't then dump dump whatever I
could on the mortgage every two years once it became
come off at sixth rate.

Speaker 12 (01:24:06):
So he didn't get.

Speaker 4 (01:24:07):
Punished for it. But you know, I ring around every bank.
It's a little it's a little different now these like
you've got apps and stuff, so you can just look
it up a lot easier. But back in those days
we didn't have amps, app apps and stuff, and the
ANDET was kind of new. So you actually physically rig
up the bank or go and see different banks and
just say, hey, what's your best interest rate? I'm thinking

(01:24:28):
the trick is to say to them and thinking of
bring them alone over to you, because if you say them,
you're thinking they're bringing your loan over to them. That
makes them think, oh we might get this one. Yeah,
they're going to give you a better rate for it,
and then you go back to your bank and you say, well,
I've had x amount of quotes and this is the
cheapest rate off in offered. You guys happy to meet that,

(01:24:49):
and they usually they will mate.

Speaker 2 (01:24:51):
Yeah, it is an interesting that thing about meeting people
and talking people, and that's been removed more and more
from our lives as you know, basically efficient efficiencies and
digital efficiencies. They talk about removing friction from these systems.
What they mean when they are removing friction, they're meaning
removing humans from the system and the human interaction. So
the idea back in the day where you could go
and talk to a manager of a bank or the

(01:25:12):
loan person and have a relationship with them and they
could get to know you. I'm not talking about a
physical or romantic relationship, just just a relationship where they
knew you. That across all of our lives, that's being removed.
That that interaction right down to you know, self checkout
and supermarkets at that level as well, that interaction with
people is being removed.

Speaker 13 (01:25:33):
Yeah.

Speaker 4 (01:25:34):
The thing I'd say to you guys is, you know,
back back when I borrowed money to buy a house,
you know, we were talking, you know, under one hundred
and fifty k sort of thing. But still, you know
the interest on it. Who is to see every month
and think, oh my goodness, gracious, that's a lot. So
I did everything to pay that lone off as fast
as I could. In these days, you know, you're borrowing
six hundred k plus to buy a house, and the

(01:25:56):
interest on that's huge. So you know when you get
just just the points shaved off, that can save you, guys,
literally thousands of dollars. And you've got to understand that. Now,
if I was to say to you guys, tomorrow, we'll
just chuck three grand, would you just chuck me three
grand for the sake of it, I'd like to have
duel three thousand dollars. Just give it to me as
a gift.

Speaker 8 (01:26:15):
Would you give it to me?

Speaker 4 (01:26:16):
So that's what you're doing for the bank. You know
your kids are better off to have that, or your
wife or your family or whatever that's better in your pocket.

Speaker 13 (01:26:23):
Yea.

Speaker 4 (01:26:23):
So, and that can save that money, can save you
money going forward. You know, on your mortgage, you don't
have to be stuck with a thirty year mortgage if
you just pour everything into it at the starts as
much as you can.

Speaker 2 (01:26:38):
Yeah, well played, Eric, Yeah, I've just got a text
through on another. As you hear, my cousin's partner works
at Zibbe. He just told us he left his hemorrhoid
cream in the men's bathroom.

Speaker 3 (01:26:49):
Shame on you, Matt's oh, one hundred and eighty ten eighty,
and you asked the question before how does the broker
get paid? And lots of texts coming through on that.
Now just as we're having a chat, I went to
go look through our personal statement from our broker. And
I'm not going to give too much information away here
because I don't know how much I can actually say here.
But WHI is why she wasn't going to do too

(01:27:12):
much when I asked about refixing is because the refixed
commission one hundred and fifty bucks. So you don't want
to work too hard for that one hundred and fIF bucks.
But if it's new lending or specialist lending, then she
gets a nice week commission on that lending.

Speaker 2 (01:27:27):
So right, Yeah, because so this text through nineteen nine,
two brokers get paid on dollar volume percentage of the
loan amount. The banks pay pretty much the same, give
or take. Yeah, yeah, but that annoys me. So because
you've got a broker and they go, well, I'm not
going to do too much now because I'm going to
get one hundred and fifty dollar commission. But if you're
a broker, I mean, there's a good chance you're an
upwardly mobile young man, Tyler. You know, you've just moved

(01:27:50):
from christ Church to Auckland. You know there's a good
chance that at some point you're going to want to,
you know, get yourself into even more horrific debt than
you are in with your house in christ Church.

Speaker 3 (01:27:59):
Yeah.

Speaker 2 (01:28:00):
So for that broker, now you've looked at that and
you've seen that she wasn't willing to do much work
for you because there was only one hundred and fifty dollars.
I mean, is that going to change the way you
feel about her when you go for the big dirty
down the road.

Speaker 3 (01:28:12):
Well no, because that's when she makes the money. So
that's just the refixing. So when I come up, it's
the same loan and I refix that's one hundred and
fifty bucks she gets from the bank. Hellelujah.

Speaker 15 (01:28:20):
Yeah No.

Speaker 2 (01:28:20):
But what I'm saying is your loyalty to her might
go down if she went the extra mile for you
and really sorted out a great situation right now, even
though she was going to get it one hundred and
fifty bucks for it. When you go to do something
else down the track, you might go to her again
and you might have some loyalty to her because she's
done the hard yards for you, you know what I'm saying.
So if you're a broker, you might want to be

(01:28:41):
going going hard for your clients the whole time.

Speaker 3 (01:28:44):
If you're a broker, I love to hear from you.

Speaker 2 (01:28:45):
On eight hundred and eighty Keiwi's love getting in debt.

Speaker 3 (01:28:48):
We certainly do. It's seventeen past three news talks. There
be nineteen past three. We're talking about dealing with your
bank directly versus brokers. I think it's fifty to fifty
via the text machine at this stage.

Speaker 2 (01:29:01):
Yeah, and it's right. We need a broker to really
come in and fight their corner on eight hundred and
eighty ten eighty because we're not reading it all out,
but they're taking a lot of stick here. On nine
two nine two, I tell you.

Speaker 3 (01:29:11):
They certainly are. Bruce. What's you're feeling on dealing directly
with banks?

Speaker 19 (01:29:15):
Hi guys.

Speaker 6 (01:29:17):
Look, I was just listening to the conversation. I'm a
retired lawyer. I've been out of the game for two
and a half years now. But what I used to
find was that the banks weren't terribly negotiable with you
if you're already with that bank. So if you were
trying to renegotiate your mortgage will even if you wanted
a new one you wanted to change houses for some reason,
they weren't. There were no loyalty, you know, they wouldn't

(01:29:37):
be a good deal. So you'd go to the broker
and he touted around. He or she would tout it
around all the other banks and generally come up with
something much better. I could never understand it. Why they
didn't want the customer they knew. Yeah, maybe it's changed.
Maybe if you can get a broken they may be
able to shed some light on it. But the broker
that I used to work through a lot, we just

(01:30:00):
couldn't figure it out. Why are the banks they had
no loyalty to their existing mortgage client.

Speaker 13 (01:30:05):
Bruce isn't making any sense.

Speaker 2 (01:30:06):
But Bruce is a lawyer in your li I guess
you would be more open to discussion because that would
that was part of part of your life, you know,
someone someone like you would go to your bank with
a bunch of skills in the bank as it were.

Speaker 6 (01:30:22):
I never negotiated with the banks directly at all. It
was always through the brokers. They present the deals on
behalf of the client and you go from there and
just you know, our job was just to fill up
the paperwork and make sure the bank got on the
title and the security was all done and the client
was advised and all that sort of thing. So but
we're just you know, every time it came up almost

(01:30:43):
about fail, the bank of the existing existing client, bank
wouldn't wouldn't come up with.

Speaker 13 (01:30:50):
A very good deal.

Speaker 6 (01:30:51):
Yeah. I wonder, Bruce, if you wanted to get the business,
But after that they weren't interested. Yeah.

Speaker 3 (01:30:55):
Do you think some of it is because banks are
starting to understand that it is getting more easy for
people to change if they so choose. There's a little
bit more competition in the market. And you know, because
it used to be that you were far more likely
to get divorced and change banks. They knew that, so
they didn't try so hard to you know, to negotiate,
and they thought you're going to stick with us, whether
we give you a good deal or not.

Speaker 6 (01:31:18):
Maybe maybe that was it. Just it was weird because
you go to go for the bank to get a
new client, and they've got to give them a cash incentive,
a good rate, They've got to pay a broker the
commission on the whole deal. It's an extensive exercise for them.
You think we've already got somebody here. Why don't we
just cut them a little bit of a decent rate
and renew the mortgage and get off with business instead

(01:31:41):
of making round going back to get more market share.
Didn't make any sense.

Speaker 2 (01:31:45):
So Brice, how exactly does the commission work for the
broker so they get a commission going right to the
end of you paying off the mortgage, uns you make
a change.

Speaker 6 (01:31:55):
I have no idea, to be honest, I never got
into that. I doubt it would go for the whole
life of the mortgage. And sure I think with insurance
you get the commissioners if the policy stays alive for
whatever it is, twelve month, twenty four month to the
banks are the same.

Speaker 3 (01:32:10):
Bruce, thank you very much. Well, I'll tell you what
a broker has called in so we have a chat
to them very shortly on how it all works.

Speaker 2 (01:32:16):
Oh, there you go, a broker fighting the corner. Up next.

Speaker 1 (01:32:23):
Matt Heath and Tyler Adams afternoons call oh eight hundred
eighty ten eighty on Youth Talk ZEDB.

Speaker 3 (01:32:29):
Good afternoon, it's twenty five past three and we're chatting
about brokers versus dealing directly with your bank. And we
have had a broker call up Patrick.

Speaker 23 (01:32:39):
How are you hey?

Speaker 13 (01:32:41):
Good?

Speaker 6 (01:32:41):
Thank you you guys good.

Speaker 3 (01:32:42):
So, first up, how does it all work for you?
How do you make your money?

Speaker 23 (01:32:47):
Well, basically, I think one of your callers are right
or the text message on new lending, you get certain
percentage of your lending as a fee. Now different banks
pay different amount. I think one of your listeners mentioned
that wherever the broker gets the most commissioned, that's where
you'll take them. That is absolutely false. All of us

(01:33:11):
are always audits it so we actually have to present
two three different options and actually track all of that stuff.
So when we get audited, we can see why we
took a client to that bank, and that has to
do with what's best for the client, whether that be
the raids or what they wanted to achieve and Patrick.

Speaker 2 (01:33:31):
How long do you so when you negotiate a commission
with a bank, is it always the same commission or
do you get to negotiate the size of the commission
and how long does that commission run for in terms
of the mortgage.

Speaker 23 (01:33:44):
So no, so that the banks will give you off
front commission, There'll be a percentage there, so you don't
negotiate that sort of stuff. It's already built and everybody
gets the same amount. A different bank will play a trail.
Some banks will pay you just upfront and then they
will tell you done to that bank for at least
two to three years. Sometimes as long as the client

(01:34:07):
has them RUGA is there for two to three years,
the money is yours. Otherwise you have to pay their
bank if the client takes away the mortgage or goes
somewhere else.

Speaker 2 (01:34:16):
So if the if the client goes in and negotiates
the mortgage themselves, then then within that time then your
commission disappears.

Speaker 23 (01:34:22):
Well, not so much negotiating, but if they move away
from the bank, or say, for example, they've sold the
house or refinding somewhere else, that's sort of that sort
of stuff, then you have to pay the money back.

Speaker 2 (01:34:33):
Interesting and so Patrick, when it comes to using a
broker or negotiating yourself, what do you I mean, you're
a broker, So can you sell to us what a
broker brings?

Speaker 19 (01:34:43):
Well, I can.

Speaker 23 (01:34:44):
I've been I'm an ex banker, ken hears in banking,
so I've been on buz side of the coin, and
i can tell you. Look, you will get some people
in the banks that will work do the best for
the clients. But majority of the time, somebody who works
for the bank, works for the bank, does not work
for you. A broker works for you will always get

(01:35:05):
you the best deal, all right. The banks are out
there to make profit, doesn't matter what they are saying,
you know, so they will always try to get what's
best for them. If you offer you something, and if
you don't negotiate and you don't know what your power
of negotiation is, you will most likely take that offer.
Where a broker will know exactly what's been offered in

(01:35:26):
the market by who, and they can go, hey, this
particular bank is offering this amount. Why are you not
matching this for my client? That's fine.

Speaker 19 (01:35:33):
If you're not doing this, it's okay.

Speaker 23 (01:35:35):
We can wait and we'll take you to another bank
which can offer you that provided that's what the client wants.

Speaker 3 (01:35:41):
Now it's a good perch. Do you deal with all banks, Petrick,
or are you pretty upfront with your clients that there
are some banks that you don't negotiate.

Speaker 23 (01:35:48):
With No me for myself, Yes, I deal with all
banks and all on back over twenty five different lenders.
So the options are endless, you know. So just depending
on what the client needs their situation, you can go
anywhere and.

Speaker 12 (01:36:03):
Pat do you have benefit?

Speaker 2 (01:36:05):
Do you have particular relationships with the people at these
lean so you go to the same person each time
so you know them, or you just go to whoever
the bank puts up in front of you.

Speaker 19 (01:36:17):
It just depends.

Speaker 23 (01:36:18):
Sometimes you will have a specific team that takes care
of all your deals. So different market advisors have different
people they look after them. When I say advisors are
meant they advisor groups, right, So for example you have
Global Fine and so load markets, so different people will
look after that sort of stuff. Yeah, well the different banks,

(01:36:40):
Like if he has a smaller bank, then it's a
smaller crew, so you know the people. For me, like
I said, I'm an expanker, so I have a relationship
in banks or cenin. Relationships come in handy where you
know the banks are right now turning loans around and
fifteen days ten days, where I can get that done
in five days because I have a relationship.

Speaker 2 (01:37:00):
And so when you go to negotiate with a bank
as opposed to someone negotiating the south as a broker,
experience broker realistically, what sort of a scene difference can
you make in terms of people's repayment rates.

Speaker 19 (01:37:14):
Well, it depends on the bank.

Speaker 23 (01:37:16):
Some banks are quite upfront what they offer the clients
versus what you get to the broker, but you wouldn't
know what the market is offering out there, So there
might be some negotiation power where it just depends right
on clients' circumstance. Usually, if the bank knows they hold

(01:37:37):
the power, which means you know, you've just moved the
mortgage over. You can't really move anywhere. If you do
move somewhere, you have to pay back a lot of
cash and things like that. They won't negotiate with you, right.
But if you know, if they know that you can
move away somewhere and we'll lose the client, there might
be okay, great, we'll give you two gin cash on
top or whatever. We'll just count this weight a little
bit more. Find of situation.

Speaker 3 (01:37:59):
Interesting, Thank you very much. Patrick. Well, he sold that
well as a broker, didn't he?

Speaker 13 (01:38:04):
Hey did?

Speaker 20 (01:38:04):
Yeah?

Speaker 2 (01:38:06):
Not everyone on the text machine is convinced. But I mean,
this person here has texted through baked beans on pizza.
I'm not sure what that means.

Speaker 3 (01:38:13):
Love bake means of pizza. That sounds like a good time. Oh,
eight hundred and eighty ten eighties number of COO. We're
going to pick this up after the headlines which are next.
It is twenty nine to four.

Speaker 2 (01:38:22):
And then we're going to talk to the man that
is heading the attack down at Hagley for the black
Caps and the first Test match against England's tomorrow. Matt
Henry Great, New Zealander, great bowler.

Speaker 3 (01:38:35):
Looking forward to that.

Speaker 16 (01:38:38):
US talk SEDB headlines with blue bubble taxis, it's no
trouble with a blue bubble. The Reserve Bank has cut
the OCR another fifty basis points to four point two
five percent and is signaling more cuts ahead A and
Z ASB B and z Kiwi Bank and the Cooperative
Bank have lowered their rates. Police are warning serious injuries

(01:39:00):
are likely in the Bay of Plenty for people involved
in a two vehicle crash on State Highway One between
Tito and Pireeri. Elsewhere, two people are in hospital after
a number were injured when a van rolled a deer
flat near Queenstown, with one lane still closed. More jobs
are on the line at Health New Zealand Consultant Union.

(01:39:22):
The PSA says a net fourteen hundred and seventy eight
rolls are under threat across four teams, about seven hundred
of those currently vacant. Decisions will be made in.

Speaker 10 (01:39:32):
The new year.

Speaker 16 (01:39:33):
A ceasefire has begun between Israel and Lebanon in a
deal announced today. Ahead of the PAWS, Israel launched extensive
strikes on Southern Bay route this morning. Winston Peters urges
France and New Caledonia to find a new pathway forward
after unrest. You can read more at enzid Herald Premium.
Now back to matt Ethan Tyler Adams.

Speaker 3 (01:39:54):
Thank you very much. Ray Lane.

Speaker 2 (01:39:56):
Yeah, so the ocr has been lowered fifty basis points
to four point two five. We're talking about negotiating with
your bank as opposed to go into a broker. Hey, guys,
I told my bank I was waiting till today's announcement
to refix and was going to shop around. So they
offered me one thousand dollars to stay with them.

Speaker 3 (01:40:12):
Oh that's a good deal. Well there you go. All right, okay,
all right, Andrew, you're a mortgage advisor.

Speaker 11 (01:40:19):
Yeah, I've got about fifty staff. My firm is Mortgage HQ,
so we've got a lot of experience with the renewals
and refix based and helping people with their mortgages.

Speaker 2 (01:40:29):
So as a mortgagevis sorry, as a mortgage advisor, the
same as a mortgage broker.

Speaker 11 (01:40:35):
So that's the distinction. I think that it's key to
make right from the beginning. So your old school reference point,
as everybody used to call mortgage advisors mortgage brokers, and
it's a term in New Zealand that has just stuck.
But technically speaking, we're not mortgage brokers.

Speaker 8 (01:40:50):
We're mortgage advisors.

Speaker 11 (01:40:51):
And there's been a big shift to becoming financial advisors,
especially the if the Financial Market Authority has overlaid new
expectations into what they expect from financial advisors. So there's
two kind of key ways to look at it. When
you're talking to a mortgage advisor, mortgage broker is the
first thing they want to do is help you get

(01:41:13):
a better deal interest rates, cash back. They really are
like helping you broker a better deal from your bank.
And if you're going to buy a property or settling
on a property, that that's really important you want to
get a good deal. Now, it used to be what
we've been doing that ten years at Mortgage h Q.
It used to be when interest rates were dropping and

(01:41:33):
it was a highly competitive market that you actually could
reliably get better rate through a mortgage broker than going
direct to the bank. Not always, but quite often. It's
not as much the case these days as it used
to be that you would get better deals through different
banks or different channels, Like they're all kind of around
about the same. The real difference you get working with

(01:41:56):
a mortgage advisor is the long term advice and planning,
and like a mortgage advisor is super committed to understanding
your whole position and your goals when you're when you're buying,
and like a lot of people, they have a vision
for their life that they want to build, like a
financial freedom, and that's why they buy a property. They

(01:42:17):
want to have stability, they want to create wealth for themselves,
So negotiating good interest rates is part of that. But
what you find with a lot of mortgage advisors and
financial advisors in general is they want to help clients
over a long term, and you don't really get that
when you go to the bank direct. The banker that
you're going to talk to is going to do everything

(01:42:38):
that they can to help you on the phone for
that one particular call, but it's not likely that you're
going to get that same banker year after year after year.
Really good bankers get promoted.

Speaker 13 (01:42:51):
And they leave.

Speaker 11 (01:42:52):
You know, the guy you just had on before, he
worked at the bank for ten years, got experience, and
now he's a mortgage broker out on his own. So
if you want consistency and you want somebody or like
a company like mortgage HQ that understands your position and
your goals over the long term, don't get distracted by
or how do I get the best rate? How do

(01:43:13):
I get the best cash back? How do I shop
around and spend a lot of time trying to nichelan
dime for a point one percent discount? I mean, that
can help, but it's way more important you're working with
somebody you trust. As a financial advisor that helps you
understand revolving credit and offset and interests only loans and
asset protection and building wealth through owning multiple properties.

Speaker 2 (01:43:37):
As you said, and Andrew, what does a mortgage advisor
cost you?

Speaker 11 (01:43:42):
So mortgage advisor is generally free. The only reason that
it wouldn't be free is if the mortgage advisor, right
from the beginning understands that the client has a goal
that revolves around the advisor won't get paid from any
lender or institution, and they just discuss the feed that
it might be two hundred dollars an hour, ten hours,

(01:44:03):
two thousand dollars, and the client is very happy to
pay that fee. Because the mortgage advisors financial advisors.

Speaker 12 (01:44:10):
We are experts.

Speaker 11 (01:44:12):
We have training, we've got to do studies, we've got
to hold accreditations, we have conduct obligations, We've we've been
monitored by the Financial Market Authority ten years ago. When
we started, it could be a taxi driver and the
next day be a mortgage broker. It's not like that anymore.
Like a mortgage HQ. We have so many compliance obligations

(01:44:35):
it's unbelievable.

Speaker 3 (01:44:37):
Yeah, Andrew, Well, thank you very much for giving us
a call. I will say, though you know the fact
that it's still on commission. I don't know if I
like that, because the commission base means that unless they
are getting some kickbacks somewhere, are they really working hard
for you. I get what Andrew's saying, but that whole
thing about we're going to set you up financially and
make sure everything's sorted out unless they're getting paid, I
just don't know if they'll do that. Yeah, and all

(01:44:59):
them an advisor, broker, whatever you want to do. I
know they do specialist training.

Speaker 2 (01:45:02):
But we One thing you can say about Andrew, he
does know how to get the name of his business
into a phone called the News Talks.

Speaker 1 (01:45:06):
He'd be certainly it is twenty to four Mattie Tyler
Adams with you with your afternoon Rolls. Are matt Eath
and Tyler Adams Afternoon US Talks.

Speaker 3 (01:45:17):
They'd be right. Discussion about brokers, mortgage advisors and dealing
with the bank direct l you're a bank yourself, how
you guys are you? You're good? So as a banker,
what's your take on it?

Speaker 18 (01:45:32):
Well, with my expert, it's always good to deal directly
with the bank because you have one on one relationships.
The banker knows exactly what you do. Secondly, by bankers
are prom to come back to you rather than going
through a broker. Now, broker could take a few take
a few days to put a deal together, and the
bank will take few days to process the deal. So

(01:45:54):
you are waiting for at least seven to ten working
days from when you've seen the broker. But with a banker,
if you're surgent, the banker may come back to you
then maybe let's say twenty four hours.

Speaker 2 (01:46:06):
Now, l you say you have a relationship with your banker,
But so I was saying before I had my banker,
my relationship with my banker to a certain extent and
setting up my last mortgage negotiations, and then I go
back to the bank. Not only has that branch disappeared,
but that guy no longer works at the bank, And

(01:46:28):
so you know that relationship is whatever for what was
worth has gone now.

Speaker 12 (01:46:33):
But that it can happen to a broker as well,
am I right?

Speaker 3 (01:46:36):
Yeah that's true, yeah, yeah, but it can happen to anyone. Yeah,
So what you said, when you say you're a banker,
what is your actual role? Out are you customer focus
when it comes to mortgages specifically.

Speaker 18 (01:46:51):
Non mortgage specifically I do with business banking as well
my previous specifically doing hom loans and stuff and everything.
But if I start talking, I'll go into the integrity
and all the bank jargons, which I don't want to
confuse you guys, and and try away a lot of
you guys. But anyway, so in my experience, what I've

(01:47:11):
seen is I have customers who are said, work etail,
should we should rather come to you and nowadays yes,
back au on the back where those days where as
Andrew mentioned, the previous callers say the bank used to
do better deals with if you're coming through a broker,
but those days are gone. We tend and give all
the deals rates to the customers with cashbacks and everything,
and look after the customers rather than going to the broker.

(01:47:34):
And broker is in holiday and you may not hear
from the broker for another fifteen days. And because we
all are humans, right, we.

Speaker 6 (01:47:40):
Have our limitations, and broker is right to go on leave,
but there is no backup.

Speaker 18 (01:47:44):
Like Andrew has fort team of forty, you're left on
your own. But if you're dealing with the bank. Let's
say the banker is on a leave, there are all
the daily notes and all the all the other documents
which are document under the your name.

Speaker 13 (01:47:56):
And so other.

Speaker 18 (01:47:57):
If other banker picks up, he or she knows exactly
what your history is rather than asking for details, Yes,
you might have to provide some details, but the majority
of the details are there. Like let's say you're in
income go, then you might not have to provide your
bank statements for your income, your expenses because everything is
with the bank. I think I can see everything, so
that makes a lot of your mighty easier.

Speaker 13 (01:48:18):
Yeah.

Speaker 2 (01:48:19):
And now when a broker comes in as opposed to
a person negotiating their own mortgage, what do you feel?
Do you roll your eyes at the broker? Is that
what you say?

Speaker 8 (01:48:30):
Well, we do, I don't.

Speaker 18 (01:48:31):
I won't say that we hate brokers.

Speaker 20 (01:48:33):
But if a customer banks will.

Speaker 18 (01:48:34):
Come, it's better says send a customer would get from
the booker.

Speaker 11 (01:48:42):
So why do you want to go to a brooker?

Speaker 2 (01:48:43):
Yeah, well, thank you so much for your call.

Speaker 3 (01:48:45):
Al, I don't think our lives brokers.

Speaker 2 (01:48:48):
I think we've heard both sides of the story now,
so people that are listening can make up their own decision.
But we're going to move on from this, and we're
going to move on to something I'm extremely excited about,
the first Test against England starting tomorrow at Hagleyoval and
christ Church. And we're going to talk to a man
there's very familiar with that particular area of the world,

(01:49:10):
the great Matt Henry, who's leading the attack for the
black Caps tomorrow. We're going to have him for a
bit of a chat coming up next.

Speaker 3 (01:49:18):
It is thirteen to four.

Speaker 1 (01:49:20):
The big stories, the big issues, the big trends and
everything in between. Matt Heath and Tyler Adams afternoons you
for twenty twenty four us talk, said said b It is.

Speaker 3 (01:49:31):
Ten to four. Very exciting. The black Caps versus England.
The first Test of three commences tomorrow morning eleven am
at Hagley Park. Matt Henry black camp of course to
lead the New Zealand attack and joins us on the phone.
Now Ghetto, Matt's okay, Hey doing very.

Speaker 2 (01:49:48):
Good, Thank you great New Zealand. Is the ground staff
down Hagley Oval? How's the wicket looking?

Speaker 6 (01:49:55):
Yeah? I should have actually had a lot today, but
I'm hoping it's green.

Speaker 2 (01:50:00):
Yeah, yeah, that would help you. Amazing what happened in India. Congratulations.
What does that mean in terms of their team's confidence
coming into the series against England.

Speaker 6 (01:50:11):
Yeah, it was an amazing series.

Speaker 4 (01:50:12):
I think.

Speaker 6 (01:50:13):
I think there's a credit and ability to a debt.
I think that's probably coming back home and playing cricket
where we've played a lot of cricket. We'll take a
lot of confidence into that. So yeah, great series. Will
be very different challenge this time, but yeah, I think
it's going to be We'll take a lot of confidence.

Speaker 3 (01:50:33):
Yeah, we'll make your an incredible form. At the moment,
you must be fizzing to get into these guys tomorrow.

Speaker 6 (01:50:39):
Yeah, No, it should be good. I'm looking forward to it.
I think everyone's enjoying. I suppose the pazzi cricket around
at the moment as well. So it's excited to be
home here at Hagley and I think, yeah, there's a
good buzz around.

Speaker 2 (01:50:52):
I think looking forward to the series, how's the English
team looking and what's it like going up against Bears
and Bears ball.

Speaker 13 (01:50:59):
Yeah.

Speaker 6 (01:50:59):
No, they're a strong outfit and obviously they are a
team that likes to take the game on, so I'm
sure they a lot to do that, and I mean
the positive thing is always going to be exciting cricket.
So no, we're looking forward to the charge.

Speaker 3 (01:51:12):
Yeah, and what's happening with the keeper situation. Matt was
the keeper, Yeah, the Wickie keeper.

Speaker 2 (01:51:18):
The English English keeper. There's been some some movement there.

Speaker 6 (01:51:22):
Oh yes, yeah, yeah, So obviously with Bessel coming in, Yeah,
well he's obviously a destructive player in the white ball
and he'll get an opportunity in terms of the test stuff,
so you know, I'm sure he'll be looking for to
getting into Test cricket.

Speaker 2 (01:51:35):
How much research have you done and do you do
with each of the batsmen? And when there's a change
in the lineup, a different person at number three, how
much does that change.

Speaker 5 (01:51:43):
What you do?

Speaker 6 (01:51:45):
Well, the beauty is was there's so much cricket now
in slotted so you obviously can put plans in place,
but the key thing is probably the decisions you're making
out there and the ability to adapt. So that's the
beauty of county cricket. A lot of a lot of
us have played county cricket, so you guys have played
with him, and I think you do what you can
do in the planning sense, but the main thing is

(01:52:06):
you're actually playing the game that's put in and the
player as well, so hopefully we can yeah yea through double.

Speaker 2 (01:52:13):
So there's a bit of a changing regard of the
bowling attack. Now you're now leading it and it's your
opportunity to shine in every game. What about the guys
backing you up?

Speaker 6 (01:52:24):
Well, look, I think Boling group has been strong for
a long time now, and it's with him retiring at
the end of the series, I think it's just a
great series to probably celebrate what's been an amazing career
for him, and we've still got some young guys coming
and as well be able to get that knowledge from him.
And yeah, I think it's shown with Ben Sears and

(01:52:45):
will ow' rock coming in that there's been that that
depth and that I suppose that young tint as well,
and they've shown on the world stage what they can do.
So yeah, just an exciting time to be a fast
bowl and you zealing.

Speaker 3 (01:52:56):
Really Yeah, Hagley is your home hunting ground, Matt beautiful
oval that one. How much of a difference does that
make for you?

Speaker 6 (01:53:04):
Yeah, I think it's always nice when you play this
is your home ground. You play a lot of cricket
here with Canterbury and you understand the I suppose the conditions,
but I think the way that England play their cricket,
I think not not to move the game forward and
as offering anything, I'll probably not to come even harder.
So it's it's going to be a good challenge and
it's always good playing Hackley and I'm sure it's I mean,

(01:53:26):
it sounds like it's a sell out already, and like
to say that big buzz around cricket at the moment
be awesome, barmy army will be at full round.

Speaker 2 (01:53:34):
And does it make a difference sleeping in your own
bed and making your own way there, making your own
breakfast and heading along to the ground as opposed to
you know, being in a hotel overseas.

Speaker 6 (01:53:44):
Yeah, it's nice. Don't get to do it too often.
But the wind you have that time not home, it
is special with your family and I suppose those normal
routines is great really, So I always love playing cricket
here at Hackley for that reason. You wake up a
home and you get to the ground in the morning
and there's there's that buzz around, which is great. So yeah,
there's always nice to play here.

Speaker 2 (01:54:04):
And Matt Henry, I'm a member of the Alternative Commentary
collective team, and you know our nickname for you is
mister Darcy. Does that do anything for your confidence?

Speaker 8 (01:54:14):
Huge?

Speaker 5 (01:54:15):
Yeah.

Speaker 6 (01:54:15):
I think the day you get a nickname from the
ass's quite a special moment. And I think the confidence
you get from that means that, I suppose you've been
accepted into a pretty special group of men. So yeah, yeah,
it doesn't mean.

Speaker 2 (01:54:27):
A lot knowing that nine guys think that you're a
handsome dude, you know, just as you're steaming in. It's
good to have that in you in the back of
your mind.

Speaker 6 (01:54:34):
I did have to ask my wife, I said, who's
mister Darcy? So she had to kind of labor and
she's pretty happy with us.

Speaker 12 (01:54:39):
So hold on.

Speaker 18 (01:54:41):
God.

Speaker 2 (01:54:41):
Yeah, and you share that name with Darcy Autograve as well,
another great New Zealander. Hey, thanks so much and all
the best tomorrow, and we're all rooting for you when
we're very excited for the series. So congratulations on your
career and your recent run and form and really looking
forward to seeing you steam in tomorrow.

Speaker 8 (01:54:57):
I appreciate it.

Speaker 12 (01:54:58):
Guys.

Speaker 6 (01:54:58):
Thanks for enjoy the test.

Speaker 2 (01:55:00):
Yeah care we will met Henry Great New Zealander and
that coverage of the three test series live and free
on iHeartRadio. Search Cricket and my Heart and you'll get
the acc commentary.

Speaker 3 (01:55:12):
Fantastic. Well, good day today. Really enjoyed the chats covered
a lot of ground today, didn't we. Yeah, we certainly did.

Speaker 2 (01:55:17):
I can't remember anything that happened, but I'm pretty sure
we talked about a lot of stuff.

Speaker 3 (01:55:20):
I think I've got to go have a chat to
my bank. Is that kind of where we ended up there?
I don't know. It got a little bit confusing between
brokers and bankers by the end of it.

Speaker 5 (01:55:27):
Yeah.

Speaker 2 (01:55:27):
Well, if you missed anything like it seems like I did,
then The Matt and Tyler Afternoon's podcast is out very soon,
so you can listen to it all again for the
first time as well if you haven't, and losing my
way here and see you later and give them a
taste of Kiwi.

Speaker 3 (01:55:42):
Beautifully see tomorrow

Speaker 1 (01:55:59):
Again that game, Maddie and Tyler readams for more from
News Talk set B Listen live on air or online,
and keep our shows with you wherever you go with

(01:56:20):
our podcasts on iHeartRadio,