PropertyInvesting.com | NZ Mortgage Broker | Activity https://www.propertyinvesting.com/members/nz-mortgage-broker/activity/ Activity feed for NZ Mortgage Broker. Wed, 22 Apr 2026 14:10:44 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 7d1becf04aa1246eb031ff8fdece7374 NZ Mortgage Broker replied to the topic Advice needed on Tokoroa. in the forum Help Needed! https://www.propertyinvesting.com/topic/4376191-advice-needed-on-tokoroa/#post-4491080 Mon, 27 Sep 2004 05:43:43 +0000 Lending value in Tokoroa for non residents is 80%. I have 3 banks that will do this. If purchase price is under $50k then a registered valuation may be needed.

GV is governemnt valuation which is updated every 3 years. Values in the market will vary in comparison as some GV’s could be 6 mths old and another area 2 yrs old. The same area will have…[Read more]

]]> 5d61d6eacedd80bd6a64494fb7598ed6 NZ Mortgage Broker replied to the topic FINANCE ADVICE NEEDED PLEASE in the forum Help Needed! https://www.propertyinvesting.com/topic/4376013-finance-advice-needed-please/#post-4489842 Mon, 20 Sep 2004 00:09:15 +0000 Dean, if you are only looking around $90k purchase I suggest you use your own cash for deposit of 20% being $18k. Sure this may not be tax deductable but $18k at 7.5% = $1350. Say u get a third of this back that is effectively $445per annum. It will then depend how long you hold the property for as against you break cost and break fee what is the…[Read more]

]]> 6906f27e8e1daa861cdd6a54a8f12c7b NZ Mortgage Broker replied to the topic Finance for purchasing NZ Real Estate in the forum Finance https://www.propertyinvesting.com/topic/4375794-finance-for-purchasing-nz-real-estate/#post-4488520 Mon, 06 Sep 2004 01:02:01 +0000 From my experience in financing people into NZ IP’s most lenders/banks require 20% deposit for non residents. I do have one lender at 10% deposit. I am not aware of Kiwibank offering 5% deposit. They need to use a risk insurance company (eg PMI) at 5% deposit and in general the risk insurer won’t cover non residents. In saying this it is worth a…[Read more]

]]> 4cfad5cfcf06c015cebcc4b5e6839fae NZ Mortgage Broker replied to the topic NZ BUYERS - HELP PLS in the forum Finance https://www.propertyinvesting.com/topic/4374858-nz-buyers-help-pls/#post-4481635 Wed, 07 Jul 2004 03:50:00 +0000 Send me an email outlining your requirement and I can advise you what to do from there
Regards
Terry

]]> 97ded012139db840c3f949ccf4ca8c5b NZ Mortgage Broker replied to the topic 90% finance in NZ in the forum No Subject https://www.propertyinvesting.com/topic/4374459-90-finance-in-nz/page/2/#post-4479313 Mon, 21 Jun 2004 05:05:09 +0000 Hi Hirady,
Yes most Austrlian investors get a top up of their own mtg to form the 20% deposit on NZ IP. Show this loan as a seperate loan,(do not add to current loan) and claim the interest back as an expense against the property as purpose of funds to buy IP.
Terry

]]> 5fd2bdfe24c16c32407fae2380cf6c52 NZ Mortgage Broker replied to the topic 90% finance in NZ in the forum Finance https://www.propertyinvesting.com/topic/4374459-90-finance-in-nz/#post-4479312 Mon, 21 Jun 2004 05:01:34 +0000 CastleDreamer,
Can get pre approval for purchase within a day or 2 of beings supplied with appropriate documentation. I would need an application, confirmation of income, loan repayment history 6 months and details of where own funds coming from.
Haven’t done family trust but would not forsee problems. Just need Trust deed.
Terry

]]> 3db510e3811ae8ca6be4d9f569a046ca NZ Mortgage Broker replied to the topic 90% finance in NZ in the forum Finance https://www.propertyinvesting.com/topic/4374459-90-finance-in-nz/#post-4479311 Mon, 21 Jun 2004 04:57:16 +0000 Mini, In regards to your questions
Smaller towns – each town is based on its merit-population, proximity to cities, type of industry in town, employment opportunities etc. Some banks just won’t lend but others may cross colateralise security.
Regarding town of 1500 people and 30km from major city you name them and I will find out.
A credit line…[Read more]

]]> 6f937e2c329b9080910510f315b66d62 NZ Mortgage Broker replied to the topic 90% finance in NZ in the forum Finance https://www.propertyinvesting.com/topic/4374459-90-finance-in-nz/#post-4479310 Mon, 21 Jun 2004 04:47:53 +0000 Geronimo,
As soon as you can show 20% in the proeprty will the lender reduce its rate?

No this is their standard rates. Some non bank lenders do have fixed rates above banks rates.

Terry

]]> e8084c0c07e4fca841dc4924d20ac2d3 NZ Mortgage Broker replied to the topic 90% finance in NZ in the forum Finance https://www.propertyinvesting.com/topic/4374459-90-finance-in-nz/#post-4479301 Thu, 17 Jun 2004 22:36:07 +0000 Inner city apartments in Auckland- there is a large number of smaller type apartments coming on to the market. These were for students mainly but overseas student numbers have dropped off and there will be a surplus. Rents have dropped in this area for a 1brm or studio at around $280 pw.
Still not a bad return on purchase price but problem will be…[Read more]

]]> 95e820e006614b282fa892fd7d161a7b NZ Mortgage Broker replied to the topic 90% finance in NZ in the forum Finance https://www.propertyinvesting.com/topic/4374459-90-finance-in-nz/#post-4479300 Thu, 17 Jun 2004 22:16:06 +0000 Hi Steven, Yes there are rates around at 7.25% or less for 80% LVR. This product is from one lender and that is their rates. It is the only product I know of in NZ for 90%LVR to Australian borrowers.
Regards
Terry

]]> 1374c88aef033a548471a6add5f25588 NZ Mortgage Broker replied to the topic 90% finance in NZ in the forum Finance https://www.propertyinvesting.com/topic/4374459-90-finance-in-nz/#post-4479297 Thu, 17 Jun 2004 04:29:51 +0000 All assets and I should say liabilities as well. Basically to show net worth.
Regards
Terry

]]> f2625d1497fe7b4ff9ad779e2bd578b5 NZ Mortgage Broker replied to the topic 90% finance in NZ in the forum Finance https://www.propertyinvesting.com/topic/4374459-90-finance-in-nz/#post-4479295 Tue, 15 Jun 2004 20:53:46 +0000 Thanks Stu,
Current interest rates are Floating 7.75%, Fixed 1yr 7.45%, 2yr 7.65%, 3 yr 7.75% 5yr 7.90%. Rates are subject to change. NZ rates in general are a little higher than Aust interest rates. Application fee $500. Lender will access 80% of rental income which is better than usual 75%. Each loan will be on its merit and lender is looking…[Read more]

]]> 57764bbda496c61ce5a5b3a4fb4537bf NZ Mortgage Broker replied to the topic Loans for NZ in the forum Help Needed! https://www.propertyinvesting.com/topic/4374208-loans-for-nz/#post-4477304 Thu, 03 Jun 2004 20:57:28 +0000 As suggested by George try his contact. Most NZ lenders will not lend above 80% as the mtg has to be insured with PMI or the like and they have criteria where you have to be a NZ resident to borrow above 80%. Yes it will depend on location and value but also the strength of you own financial position in relation to assets and income.Contact me…[Read more]

]]> 493a98faefb1b1857ffd62af7aef39b2 NZ Mortgage Broker replied to the topic New Zealand Finance in the forum Finance https://www.propertyinvesting.com/topic/4373954-new-zealand-finance/#post-4475398 Mon, 24 May 2004 02:03:25 +0000 I can look at your options. All banks/lenders are a little different in relation to low value properties. What location is it in? Pls email me direct mtglinkbop@clear.net.nz

]]> 022b3d30ed84e650ed177a7eb7092932 NZ Mortgage Broker replied to the topic deals in NZ in the forum Help Needed! https://www.propertyinvesting.com/topic/4373623-deals-in-nz/#post-4472937 Tue, 11 May 2004 01:16:12 +0000 Invercargial seems to be doing well. Rotorua offers good return and some gain, Gisborne is doing really well. Waihi gained 35% last year. Hamilton shows reasonable return and growth and yes there are proerties under $150k.

Cheers Terry

]]> bea6d5121e48a3c2e9bc14c24f09d5d9 NZ Mortgage Broker replied to the topic Finance for OS investment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4373579-finance-for-os-investment/#post-4472477 Mon, 10 May 2004 02:43:10 +0000 Better to use a NZ lender as more selection in NZ than in Oz. Need 20% of purchase price yourself. This can be cash or borrowed from your own Oz lender. Give me a brief outline of what u want to do plus deatils of properties owned -location, value, mtg amount and rent. Also state your personal income and I can assess your borrowing potential.

]]> 973c253c011c4d5afd6664fa0608935c NZ Mortgage Broker replied to the topic New Zealand Investment Properties in the forum Finance https://www.propertyinvesting.com/topic/4373454-new-zealand-investment-properties/#post-4471638 Thu, 06 May 2004 23:06:15 +0000 My email is
[deleted]
Website is [deleted] if this is what u want.

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