Mortgage types

Old Jun 28th 2010, 10:32 pm
  #1  
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Default Mortgage types

In the UK if you want to buy a property for renting out you have to get a Buy-to-let, unless it's just a short term measure.

Is the same true in NZ, and if so what's it called?

Thanks,
GI2011
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Old Jul 4th 2010, 2:13 am
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Default Re: Mortgage types

Originally Posted by GoingIn2011 View Post
In the UK if you want to buy a property for renting out you have to get a Buy-to-let, unless it's just a short term measure.

Is the same true in NZ, and if so what's it called?

Thanks,
GI2011
its termed an investment property, and the rules are generally tougher to get get approved in terms of deposit required and income
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