Go Back  British Expats > Living & Moving Abroad > New Zealand
Reload this Page >

Mortgage Advice Please

Mortgage Advice Please

Old Apr 23rd 2007, 7:37 pm
  #1  
Forum Regular
Thread Starter
 
Joined: Sep 2006
Location: nelson nz
Posts: 76
angpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud of
Default Mortgage Advice Please

Is there anybody in NZ on a work visa/permit who has managed to obtain a mortgage with a less than 20% deposit.The reason I'm asking is that we should be arriving in approx 6 months and getting a bit concerned about this.
please advise as there is no way we could affordthat kind of deposit.
Thanks
Angie
angpaul is offline  
Old Apr 23rd 2007, 8:34 pm
  #2  
Forum Regular
 
ezzkazz's Avatar
 
Joined: Jan 2004
Posts: 273
ezzkazz has much to be proud ofezzkazz has much to be proud ofezzkazz has much to be proud ofezzkazz has much to be proud ofezzkazz has much to be proud ofezzkazz has much to be proud ofezzkazz has much to be proud ofezzkazz has much to be proud ofezzkazz has much to be proud ofezzkazz has much to be proud ofezzkazz has much to be proud of
Default Re: Mortgage Advice Please

Originally Posted by angpaul View Post
Is there anybody in NZ on a work visa/permit who has managed to obtain a mortgage with a less than 20% deposit.The reason I'm asking is that we should be arriving in approx 6 months and getting a bit concerned about this.
please advise as there is no way we could affordthat kind of deposit.
Thanks
Angie

Could you not just rent until you get your PR
ezzkazz is offline  
Old Apr 23rd 2007, 8:43 pm
  #3  
Forum Regular
Thread Starter
 
Joined: Sep 2006
Location: nelson nz
Posts: 76
angpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud ofangpaul has much to be proud of
Default Re: Mortgage Advice Please

Originally Posted by ezzkazz View Post
Could you not just rent until you get your PR
We are going to rentat first but the reason for coming onwork visa is OH is trukker and not going to get PR.
angpaul is offline  
Old Apr 27th 2007, 12:32 am
  #4  
Somewhere
 
BEVS's Avatar
 
Joined: Oct 2003
Location: Below
Posts: 34,843
BEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond repute
Default Re: Mortgage Advice Please

Is there a restriction if on a work visa then ? Coz I didn't think there was.

Looking at ASB Bank website you can borrow 95% of a properties valuation.Obtaining a mortgage depends on what your income is and what debt you already have. There will be a maximum amount that you can borrow depending on your earnings .
Add what you would be allowed to borrow together with any money you will be bringing over and it gives you how much you can afford to spend on a house not forgetting you need to buy a vehicle etc..

What range of $$ do you think you are looking at for a house ?

Why not contact ASB , given them details of what your husband will be earning and ask them to tell you what you may be able to borrow .
BEVS is offline  
Old Apr 27th 2007, 2:06 am
  #5  
P2L
BE Forum Addict
 
P2L's Avatar
 
Joined: Oct 2006
Location: NZ
Posts: 3,366
P2L has a reputation beyond reputeP2L has a reputation beyond reputeP2L has a reputation beyond reputeP2L has a reputation beyond reputeP2L has a reputation beyond reputeP2L has a reputation beyond reputeP2L has a reputation beyond reputeP2L has a reputation beyond reputeP2L has a reputation beyond reputeP2L has a reputation beyond reputeP2L has a reputation beyond repute
Default Re: Mortgage Advice Please

Another one to look at is National. They have a whole section for migrants try this
http://www.nationalbank.co.nz/person...lfemployed.htm
P2L is offline  
Old Apr 27th 2007, 8:06 am
  #6  
Account Closed
 
Joined: Mar 2006
Posts: 343
cherry will become famous soon enoughcherry will become famous soon enough
Default Re: Mortgage Advice Please

Luckily we dont have a mortgage here but if we did I would reccomend a fixed 3 yr one for starters as the floating ones vary so much and may go sky high soon .Get a good mortgage broker to help you they ge tpaid commision so look for the best for you .
cherry is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.