Mortgages in New Zealand

Mortgages for buying Property in New Zealand

• Mortgages for New Zealand Property
• Mortgage Providers
• Mortgage Quotes

Mortgages for New Zealand Property

New Zealand Mortgages - rates from approx 9.55% in NZ $

• Includes Residential Property in New Zealand
• New Zealand Mortgages available for both House Purchase and Home Improvements (other purposes on request)
• Type of New Zealand Mortgage: Repayment basis only
• Minimum: £ 50,000. No Maximum, but must not exceed 80% of Valuation or Purchase Price (whichever is the lower)

Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available. Also note that a Power of Attorney (resident in New Zealand) may be required by the relevant Lender.

• Term: 3 to 25 years up to age 70
• Currency: New Zealand Dollars only
• Current Interest Rate: from approx 9.55% Variable in New Zealand Dollars. Fixed Rate loans are also possibly available (ie: Fixed for 5 years at 7.75%).

Example New Zealand Mortgage: Repayment Mortgage of approx NZ$150,000 over a period of 20 years at an approx interest rate of 9.55% Variable = approx NZ$1,423.50 Capital & Interest per month = a total approximate amount payable over the term of NZ$346,880 including capital, interest, arrangement and survey fees.

Overseas Mortgage Providers

We feature a select few when it comes to reccommending mortgage facilitaors from the UK. This can be an easier way to arrange your finance or mortgage requirements before you begin your search. Listed below are some of the advantages to using some of the companies we reccommend.

• More than 200 residential overseas/foreign mortgage products available in over 30 countries worldwide including Bulgaria and Turkey
• Over 10 years of trading and 20+ staff experienced in conducting business with overseas and foreign lenders
• Fully independent with more overseas/foreign lenders and more choice
• Competitive and exclusive overseas/foreign mortgage terms
• In some countries, no final arrangement fee charged by us for organising the overseas/foreign mortgage
• At no cost, can internally pre-qualify your application financially, thereby saving any wasted inspection flights
• Can save you time and costs (ie: phone, fax and postage) in both exploring and finding a possible lender
• In-house processing and dedicated underwriting team for each country ? who are fully aware of what documentation the lender requires, their lending criteria and how to present the application, which ensures a faster mortgage offer
• The use of our extensive database of other relevant professionals such as lawyers, surveyors, currency exchange and offshore company formation experts

Mortgage Quotes

Contact us for specific details

Click the above link to receive a quotation on mortgage facilities from over 8,500 UK providers or a select number of overseas banks and mortgage facilitators.