true or not?

Viewing 8 posts - 1 through 8 (of 8 total)

tylon020
Participant
@tylon020
Join Date: 2003
Post Count: 23
January 27, 2005 - 12:46 pm
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?
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
January 27, 2005 - 1:21 pm
False.
get get away with 10%. Just ask “PropertyGuru”, a NZ investor and Aussie mortgage broker on this forum.
Terryw
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kerwyn
Member
@kerwyn
Join Date: 2004
Post Count: 145
January 27, 2005 - 3:34 pm
Answer in one: False.
Just follow Terry’s advice.
Kerwyn
westan
Member
@westan
Join Date: 2002
Post Count: 1,950
January 28, 2005 - 8:40 am
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
kiwi-pi
Member
@kiwi-pi
Join Date: 2005
Post Count: 4
January 29, 2005 - 10:49 am
I would like to hear also, as my family who are based overseas have been required to have 20%.
jspri
Member
@jspri
Join Date: 2004
Post Count: 55
January 30, 2005 - 3:14 pm
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]
westan
Member
@westan
Join Date: 2002
Post Count: 1,950
January 30, 2005 - 11:20 pm
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
PropertyGuru
Participant
@propertyguru
Join Date: 2003
Post Count: 1,502
January 31, 2005 - 12:39 pm
Hi Westan,
I can get 90% LVR with LMI [biggrin]
Cheers
PropertyGuRu [sultan]
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