MMajor replied to the topic NZ Mortgage Lender in the forum Overseas Deals 19 years, 6 months ago
Thank you Terry & Steven for your pointer.
I would look into it when the time comes.Thank you
MMajorMMajor replied to the topic Cross Lease in the forum Overseas Deals 19 years, 6 months ago
Thank you all very much for your helpful replies.
MMajor
MMajor replied to the topic Loans for NZ property in the forum Overseas Deals 19 years, 6 months ago
Ben
As far as I understand, Aussie lenders don’t lend to IPs purchased in NZ.
However, NZ lenders do lend to Aussies investors for 20% deposit and regular income. Likes of BNZ, ANZ, all lend in NZ.
MMajor
MMajor replied to the topic Cross Lease in the forum Overseas Deals 19 years, 6 months ago
Hi Mini
Thank you for your reply & offer. Yes, that pdf would really help me to understand it better.
I have sent you email with my address.HSe I am looking at is 179K, on a cross lease, shares a driveway and is at the back of 2 other houses in front (with street frontage). Other houses in area are 230K upwards.
THank you
MMajorMMajor replied to the topic Cross Lease in the forum Overseas Deals 19 years, 6 months ago
Thank you Albie for your reply. It did help
me to understand it better.Do you think there should be a 30K price difference between two identical houses, one on x/l the other on freehold though ?
Thank you
Stuart