- tylon020Participant@tylon020Join Date: 2003Post 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?TerrywParticipant@terrywJoin Date: 2001Post Count: 16,213
get get away with 10%. Just ask “PropertyGuru”, a NZ investor and Aussie mortgage broker on this forum.
Discover Home Loans
Click below to email mekerwynMember@kerwynJoin Date: 2004Post Count: 145
Answer in one: False.
Just follow Terry’s advice.
KerwynwestanMember@westanJoin Date: 2002Post Count: 1,950
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 ?
I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our databasekiwi-piMember@kiwi-piJoin Date: 2005Post Count: 4
I would like to hear also, as my family who are based overseas have been required to have 20%.jspriMember@jspriJoin Date: 2004Post 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.
[king]westanMember@westanJoin Date: 2002Post Count: 1,950
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.
I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database