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I am fairly new to NZ investing but have purchased 3 properties. I have used NZ finance using a morgage broker. His name is Terry Meredith and he is fantastic to deal with. The loans have all been through the ASB bank , The present rate as of last week is 7.95% fixed for 5 years. All loans required a 20% deposit. All my contact with Terry has been via email and his email address is [email protected]
Best of luck with your investingI am in the process of doing this at present I got a loan through a NZ broker The loan ended up with the ASB bank .It has a fee free bank account with a cheque book facility . I have signed up for their internet banking and can manage all NZ transfers using this method. I am presently transferring an amount into the account as start up money If you want the email address of the branch rep that assisted me just email me
Thanks for the ideas so far. My mum has a place picked out and she has friends there.She is not actually buying the unit but I think you call it leasing.Eventually when she moves on an amount say 70% is returned to her estate. Could her home still be considered her PPOR if she lets other family members use it. In this way the family could help fund her into the unit and she keeps her pension. Or alternatively it would be a lot simpler to do as monopoly suggests sell PPOR ,”buy” unit and do something with remaining funds Is there anything that she can do, other than spend it, that allows her to maintain pension. She is old and frightened of change. Sorry can’t find old threads If you can please point me in the right direction.
Yes there is mineral sand close to Ouyen but closer to Mildura my home town .At present the state government has plans to put a toxic waste dump near Ouyen This is not a plus. Mildura is a large thriving town 100 km north of Ouyen but I can’t find anything cash flow positive here although Margaret Lomas has suggested it as a possibility . As for Ouyen its far too risky for me.
Hello this is my first post but I have recently been in the same position as you. I applied to the ANZ bank but did not meet their criteria , no reason given. I then tried http://www.morgagelink.co.nz and found them to be fabulous . The process was fast and the money is available to purchase .You can email their site .I used Terry meredith as he was recommended . Mortgage Link BOP Ltd <[email protected]> is his email Hope this helps you
I have bought 2 investment properties in Queensland and live in a remote area I used Conveyancing Works $795 for all conveyancing I used email, phone and fax to correspond. For building and pest inspections I used QHBR I used these as it was a fixed fee The building and pest used locals. I found both services terrific
I was to use homepath for a loan but found the process totally frustating. It took 3 months to get to the stage of approving morgage documents. If you are an employee with a salary it would be okay but as a self employed person I could not handle the red tape and numerous bungles. Have financed locally and found it a much more pleasant experience
