Here is a link to the PMI location wizard for NZ and Australia,
You can search via Suburb/Town or Post code,

http://www.pmigroup.com.au/LocationWizard.asp

The Location Wizard is a guide to determine whether a location is eligible for Lenders Mortgage Insurance,

Regards
Steven
Mortgage…[Read more]

Hi LifeX,
An offset account is an account attached to another loan account,

E.g., you have a loan of $100.000 at 7.00% and you may have $20.000 sitting in a 100% offset account
In this scenario You are now only paying 7.00% interest on $80.000,

Hope this…[Read more]

To add to Simons post,
I would also consider having an offset attached to the owner occupied loan,

LifeX,
Interest on a LOC will be deductible if the funds are used for investment purpose.

Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
Victoria

PLEASE note comments made should…[Read more]

Hi Wallflower,
The cheapest loan may not always be the best option,
Keep in mind the decisions you make now may have a negative affect on your ability to service future lending,

I also fail to see how any lending institution can predict the amount they are willing to lend to you in the future,
After all, any future lending will depend on the…[Read more]

Hi Hux001,
Contact ANZ or Westpac in invercargill NZ,
They can organise finance for Australian investors,

Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
Victoria

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek…[Read more]

You could also contact Westan and MiniMogul,long time well respected members of this forum,
Both are based in NZ and Source property for Australian investors,
Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
Victoria

PLEASE note comments made should NOT be taken as specific…[Read more]

Hi all,

There are lenders BASED here in Australia and NZ, who will lend to non NZ residents for the purchase of New Zealand Property,
and the New Zealand property is the security over the loan,
Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
Victoria

PLEASE note comments made…[Read more]

Hi Barry,
Have a look at The NZ Property Talk site,
The local knowledge available on the discussion forum may be beneficial,
http://www.propertytalk.co.nz/

Hope this helps

Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
Victoria

PLEASE note comments made should NOT be taken as…[Read more]

Hi Rags2Riches
I agree with wejons1, If your lender is holding you back with regards to your investment strategy, then take your business elsewhere,
I would also suggest obtaining a copy of your credit file; it’s free and very handy to have,
Here is a link to Baycorp Advantage with further i…[Read more]

Hi Rufus,
The Max Loan amount on NZ security for Non NZ residents is 80%

There are lenders based here in Australia and in New Zealand who will lend to non-NZ residents for the purchase of NZ property, with the NZ property being the security over the loan.

You may also purchase NZ property outright with funds/equity from Australian property etc,…[Read more]

Shawn,
You cannot use Australian property as security over a NZ purchase,
However you can use NZ property as security, hence the 80% Max LVR,

80% of the proposed rental income on NZ property can be included when calculating serviceability for a NZ investment loan,

Steven
Mortgage…[Read more]

Hi PP
I will need some personal information to be of any further assistance,
Feel free to give me a call or send e-mail,
Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
Victoria

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment…[Read more]

Hi Rachel,
The OZ rates are variable,
Here is a link to NZ property talk,
http://www.propertytalk.co.nz/
On this page left hand side near the bottom is a live data feed of NZ lenders interest rates,
Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
Victoria

PLEASE note comments…[Read more]

Hi PP,
What is the post code? is it an investment property?
Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
Victoria

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

Hi PP
Some of the major lenders will do low doc at 70% LVR and higher,
The Max loan amount will depend on the security over the loan,
Is this loan for more than one property?

There are some very good Low Doc products available at the moment,
I suggest you ask a Mortgage Broker to explore all the options that are available to…[Read more]

Hi Rachel,
I have a couple of lenders here in Australia who will finance NZ investment property,
Max LVR is 80%
intrest rates range from 7.10% to 7.25%

There are NZ based Banks/lenders, ANZ, Westpac, etc who will also lend to non NZ residents,
Regards
Steven
Mortgage…[Read more]

Hi John,
I think the max LVR is 80% for a non NZ resident on NZ property investments,
Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
Victoria

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional,…[Read more]

Hi Julian,
You should consider the long term implications of refinancing from one lender with a discount introduction rate to another lender with an introduction rate, The revert rate after the honeymoon period being the main consideration,

I assume you would qualify for a discounted variable rate loan with better rates than the 6.55% revert…[Read more]

Hi HHH,
Most lenders have their own panel of valuers, and will not except a valuation organised by the customer,
Have you approached the Lenders/Brokers with your concerns, It may be worthwhile asking for an explanation as to why there is a discrepancy between the valuation you have obtained and the Banks valuation,

You may be entitled to a part…[Read more]

Hi HHH,
Unfortunately, Bank Of Queensland and Citibank do not Capitalize LMI,
However, I know of at least 10 lenders who do, ANZ, St.George, CBA, HSBC, etc,
Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
Victoria

PLEASE note comments made should NOT be taken as specific taxation,…[Read more]