Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of tylon020tylon020
    Participant
    @tylon020
    Join Date: 2003
    Post Count: 23

    hi guys new at this…first time..been a member for a long time though. htought i might get off my bum and strt doing something.

    just a question i heard that you need 20% deposit as an o/seas investor in NZ… true or false?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,190

    False.

    get get away with 10%. Just ask “PropertyGuru”, a NZ investor and Aussie mortgage broker on this forum.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
    Click below to email me

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of kerwynkerwyn
    Member
    @kerwyn
    Join Date: 2004
    Post Count: 145

    Answer in one: False.
    Just follow Terry’s advice.
    Kerwyn

    Profile photo of westanwestan
    Member
    @westan
    Join Date: 2002
    Post Count: 1,950

    Hi Guys

    i’d be interested to hear from Property Guru on this one as i’ve heard a lot of NZ mortgage providers making promises like this but not one of them to my knowledge has ever actually done it !

    Well done to PG if he has finally found someone. So PG have you actually provided someone with 90% finance and if so what were the conditions and the interest rates ?

    regards westan

    I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

    Profile photo of kiwi-pikiwi-pi
    Member
    @kiwi-pi
    Join Date: 2005
    Post Count: 4

    I would like to hear also, as my family who are based overseas have been required to have 20%.

    Profile photo of jsprijspri
    Member
    @jspri
    Join Date: 2004
    Post Count: 55

    Hi guys, i had a similar question on a thread in finance. Property Guru replied to me there and said that 90% LVR is possible. I’m currently enquiring more about that now, as ANZ told me i’m allowed at max of 80% because of the o/seas rule.

    Regard’s Jarred
    [king]

    Profile photo of westanwestan
    Member
    @westan
    Join Date: 2002
    Post Count: 1,950

    Jarred

    what ANZ have told you is the way i’ve found all finance providers in NZ operate. If PG has found someone who will give 90% i expect his mortage business will boom.

    regards westan

    I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

    Profile photo of PropertyGuruPropertyGuru
    Participant
    @propertyguru
    Join Date: 2003
    Post Count: 1,502

    Hi Westan,
    I can get 90% LVR with LMI [biggrin]

    Cheers
    PropertyGuRu [sultan]
    Mortgage Consultant
    [email protected]
    MSN ID: amitash, Yahoo Id: bornguru

    NZ loan pre approval from OZ in 48 hours

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