We’ve just been to NZ and obtained finance there. We buy through a NZ Trust and get 80% LVR for most residential property, except where there are more than 2 dwellings on the section (title), then we found you can only obtain a 70% LVR. This is always open to negotiation with the lenders. There is currently a ‘lending war’ between NZ banks so they may be more flexible. (Article appeared in NZ Herald 28/2/05 ‘BNZ climbs back in the ring to battle for mortgages’ stating that the battle for home mortgages had been renewed)