Getting finance in NZ, do you need to live there?

Viewing 9 posts - 1 through 9 (of 9 total)

lstreet
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August 27, 2006 - 1:40 am
If i went for a loan from a NZ company, do i have to live there???
lstreet
Don Nicolussi
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@don
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August 27, 2006 - 1:54 am
Hi Istreet,
No! I have details of a good local broker who can discuss finance with you. A list actually and you can choose.
cheers
I Buy Property http://www.cashflowproperties.co.nz
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lstreet
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August 27, 2006 - 2:32 am
Thanks for your reply!
What if i still have a bad credit rating here in Aust????
Will that show on my credit rating in NZ?? Because BAYCORP is an Australian owned company?????
lstreet
Terryw
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August 27, 2006 - 6:07 am
You couldn’t apply here without it causing a problem. I don’t know about getting loans in NZ, it may still show up there. They best thing to do would be to get a copy of your CRAA file from Baycorp in NZ – and see what is on it.
Terryw
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Richard Taylor
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August 27, 2006 - 11:26 pm
Credit Information is shared between the two Countries and therefore anything registered here in Australia will show up.
I have had client in exactly the same position and I was unable to place it here in Australia. I ended up having to use a NZ lender in NZ.
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Richard Taylor
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lstreet
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August 28, 2006 - 6:25 am
Hi Richard, thank you for your reply.
If information is shared between the two, how come you got a NZ lender in NZ???
Didn’t it still show up??????
lstreet
Richard Taylor
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August 28, 2006 - 6:38 am
As in Australia there are NZ lenders who take adverse credit applications.
Those based in NZ are often only available to NZ brokers due to the PI issues.
Cheers
Richard Taylor
Residential & Commercial Finance Broker
100% Finance on selected properties in the USA.
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lstreet
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August 28, 2006 - 7:30 am
No problems, thanks for your help Richard!
Much appreciated.
lstreet
Don Nicolussi
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September 4, 2006 - 4:01 am
I can’t remember exactly but I think my first nz bank wanted to see my oz credit history – I have not heard of anyone asking for one for a while though. Sounds reasonable enough – but as mentioned there are alternatives.
cheers
I Buy Property http://www.cashflowproperties.co.nz
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Don Nicolussi | Property Fan
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