All Topics / Help Needed! / Finance for OS investment?

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  • Profile photo of OutbackJackOutbackJack
    Member
    @outbackjack
    Join Date: 2004
    Post Count: 11

    Hi all, I was jsut wondering how banks in Oz go with finance for property in NZ. Or is it best to look for finance over there? Do NZ banks lend to non ‘sheep lovers’ from off shore? Interested to hear from anyone with experience in the field.

    PS. I do like Kiwis. lol

    Too big it is not. Think, you must not.Want, you must not. Do you must. (Yoda)

    Profile photo of NZ Mortgage BrokerNZ Mortgage Broker
    Member
    @nz-mortgage-broker
    Join Date: 2004
    Post Count: 21

    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.

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