It is easy buying property in New Zealand. Legal documents (particularly mortgage docs) will need to be witnessed by NZ Consulate / 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 is
Low Doc mortgages have a lower thresh hold for proving your income, but in the current market we’ll still need to see good proof of income coming through your bank statements. With a low doc mortgage you sign a declaration of your income. This can be a really good option for self-employed people, especially if
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.
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
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
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