Interest Free Loans in NZ

Interest free products are available on NZ and other country's property holdings if part of a portfolio of property that includes Australian property and you are an Australian investor.

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The forumite formally known as Big Rob

Gosh!
5 'W'? (Where? Why? What? Who? When?)
Can we have some more info please?
(I missed this post previously! Bit suprised no-one else has responded, or do they all use a different way of getting more info?)

PeterO

Hi Peter,
Have a look in the Finance forum, You will find plenty of info & discussion there.

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

info@mobilemortgagemarket.com.au
www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Robert,
I have had a look at the Derivex brochure, and it states on the second page,
"Please note: loans can only be provided for the purchase or refinance of residential property that is located within Australia or its territories."

Hence, it looks like NZ property is out, no matter what your portfolio structure might be?

Hey, maybe New Zealand is now one of our territories? Shhhhh. Don't tell them.

Tax Depreciation Schedules
Australia wide service
1300 660033
scott@depreciator.com.au
www.depreciator.com.au

If you look at the Derivex.com.au website undere site updates there is reference to them seeting up a subsite for NZ.

Hey Rob,

I'm an Aussie with NZ investments through my trust and a PPOR in Oz, but it's not a part of the trust.

How can I PM you to talk through my situation?

Cheers, Nobleone.

"Making mistakes is just another another tool for learning."

a Quicklink for anyone who didn't click where this was from......http://www.derivex.com.au/case_studies/home_loan_case_study.htm

CastleDreamer
NZ Investor and Property Spotter

all that glitters is not always gold!!! these loans appear to have a high establishment fee!!! (not saying that is bad, but that sort of cash might not be available to some investors to put into one investment property at the expense of being able to secure a second or third one as well) You get the time value of the money later, but lose it upfront with the fee.... would be interesting if someone could do the exercise to see the difference in the effect of leveraging the fee into a second and third property rather than into the first as a fee....

CastleDreamer
NZ Investor and Property Spotter

I think the establishment fee is $400. That is less than the 600 the NAB charged me recently.

There is a 5% conduit fee which you get back at the end but that seems to comes out of the loan and means it is a 95% loan with no LMI insurance which cost us $3000 or more.

Spot

Spot-on Spot... Down with the nay sayers!

"Making mistakes is just another another tool for learning."

these will certainly be worth watching to see what the outcome of the ASIC review/report ends up being!!

CastleDreamer
NZ Investor and Property Spotter

Stay away. It is a scam

Troy McErvale
Freedom Home Loans
Mortgage Broker - Australia / USA / Asia / UK