Total Members: 159,401

MMajor

  • 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
    MMajor

  • MMajor 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
    MMajor

  • MMajor 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

MMajor

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