It is easy buying property in New Zealand. Legal documents (particularly mortgage documents) will need to be witnessed by the New Zealand Consulate or Embassy or a public notary. Non-residents can borrow up to 80% of a property’s value. We can look after you no matter where you are. The benefit of coming to Squirrel
Share on Facebook
With a low-doc mortgage you sign a declaration of your income. This can be a really good option for self-employed people
Share on Facebook
As a rule of thumb, you can borrow your income multiplied by 5. It differs if you’ve got kids or lots of cars! Of course the real calculations are a little more complicated then that, but that’s what we can work out for you. Apply Online Now The table below gives you a rough idea.
Share on Facebook
In short – no! Most banks now only lend up to 80%. If you have good income we can typically get you to 90% and for some 95% but the borrowing costs are higher. Other options to think about are to use you parents as a guarantor or vendor finance. Share on Facebook
Share on Facebook
For mortgages over $100,000 our service to you is free. For a standard mortgage we are paid an upfront commission of between 0.50% and 0.65%, which varies slightly by lender. This commission is before our own costs and is also used to pay for any of our promotional offers to you. Non-bank lenders (which we
Share on Facebookmost recent posts
-
-
How to deflate a property bubble
April 20th 2013 -
Love Thy Broker
March 23rd 2013 -
What’s up with Mortgage Rates
February 18th 2013 -
Auckland property prices – Some initial thoughts for 2013
January 29th 2013