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

MORTGAGE CRITERIA FOR NEW PRs??

MORTGAGE CRITERIA FOR NEW PRs??

Old Jun 21st 2005, 4:32 pm
  #1  
Thread Starter
 
bookemjano's Avatar
 
Joined: Apr 2005
Location: New Zealand
Posts: 692
bookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to behold
Default MORTGAGE CRITERIA FOR NEW PRs??

Am sitting at work dreaming of NZ, surfing real estate sites, can anyone help me with mortgage advice. Such as, how long do you have to be in the country to get a mortgage (or does PR give you the right to get one straightaway), do the banks usually give different rates for migrants, is a 20% deposit usually sufficient, and can you get a mortgage without a property in mind (given how many homes are bought through auction). All advice gratefully received!

Last edited by bookemjano; Jun 21st 2005 at 5:01 pm.
bookemjano is offline  
Old Jun 21st 2005, 6:02 pm
  #2  
Don
Banned
 
Joined: Aug 2002
Posts: 7,613
Don is an unknown quantity at this point
Default Re: MORTGAGE CRITERIA FOR NEW PRs??

Two weeks in a job should do it
Don is offline  
Old Jun 21st 2005, 7:04 pm
  #3  
Thread Starter
 
bookemjano's Avatar
 
Joined: Apr 2005
Location: New Zealand
Posts: 692
bookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to behold
Default Re: MORTGAGE CRITERIA FOR NEW PRs??

Originally Posted by Don
Two weeks in a job should do it
Blimey! Six months in the UK, NZ banks must be very trusting! Thanks Don.
bookemjano is offline  
Old Jun 21st 2005, 9:57 pm
  #4  
Forum Regular
 
Joined: Feb 2004
Posts: 119
binman is an unknown quantity at this point
Default Re: MORTGAGE CRITERIA FOR NEW PRs??

Originally Posted by bookemjano
Am sitting at work dreaming of NZ, surfing real estate sites, can anyone help me with mortgage advice. Such as, how long do you have to be in the country to get a mortgage (or does PR give you the right to get one straightaway), do the banks usually give different rates for migrants, is a 20% deposit usually sufficient, and can you get a mortgage without a property in mind (given how many homes are bought through auction). All advice gratefully received!
I've sent you a pm. Cheers binman
binman is offline  
Old Jun 21st 2005, 10:03 pm
  #5  
Don't let me get me....
 
Pinkie Pie's Avatar
 
Joined: May 2005
Location: Teetering on the edge...
Posts: 1,964
Pinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond repute
Default Re: MORTGAGE CRITERIA FOR NEW PRs??

Originally Posted by bookemjano
Am sitting at work dreaming of NZ, surfing real estate sites, can anyone help me with mortgage advice. Such as, how long do you have to be in the country to get a mortgage (or does PR give you the right to get one straightaway), do the banks usually give different rates for migrants, is a 20% deposit usually sufficient, and can you get a mortgage without a property in mind (given how many homes are bought through auction). All advice gratefully received!
No idea on this one Jan but would like to know so if you find anything useful out do share won't you!!
Pinkie Pie is offline  
Old Jun 22nd 2005, 6:51 am
  #6  
BE Enthusiast
 
sunshine_and_rain's Avatar
 
Joined: Apr 2005
Location: BOP, NZ.
Posts: 373
sunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to all
Default Re: MORTGAGE CRITERIA FOR NEW PRs??

Originally Posted by Pinkie Pie
No idea on this one Jan but would like to know so if you find anything useful out do share won't you!!
One of my very very good friendshere is also our bank manager and we had no problems whatsoever getting a mortgage with them - we bank with the National Bank of NZ - and they have always been fantastic, can't rate them high enough - hence we ended up friends with the BM - actually I met his wife through school They have been marvellous and we do all our personal and business banking with them as well as some social funds etc through work. We opened our account from the UK - transferred the money and when we got here we just had to go and pick up our cards and away we went.
sunshine_and_rain is offline  
Old Jun 22nd 2005, 2:34 pm
  #7  
Don't let me get me....
 
Pinkie Pie's Avatar
 
Joined: May 2005
Location: Teetering on the edge...
Posts: 1,964
Pinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond reputePinkie Pie has a reputation beyond repute
Default Re: MORTGAGE CRITERIA FOR NEW PRs??

Originally Posted by sunshine_and_rain
One of my very very good friendshere is also our bank manager and we had no problems whatsoever getting a mortgage with them - we bank with the National Bank of NZ - and they have always been fantastic, can't rate them high enough - hence we ended up friends with the BM - actually I met his wife through school They have been marvellous and we do all our personal and business banking with them as well as some social funds etc through work. We opened our account from the UK - transferred the money and when we got here we just had to go and pick up our cards and away we went.
Right then Shellie, you'll have to organise a drinks party with your BM for all us expats when we get there
Pinkie Pie is offline  
Old Jun 22nd 2005, 2:37 pm
  #8  
Thread Starter
 
bookemjano's Avatar
 
Joined: Apr 2005
Location: New Zealand
Posts: 692
bookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to beholdbookemjano is a splendid one to behold
Default Re: MORTGAGE CRITERIA FOR NEW PRs??

Originally Posted by Pinkie Pie
No idea on this one Jan but would like to know so if you find anything useful out do share won't you!!

No probs!
bookemjano is offline  
Old Jun 22nd 2005, 9:35 pm
  #9  
BE Enthusiast
 
sunshine_and_rain's Avatar
 
Joined: Apr 2005
Location: BOP, NZ.
Posts: 373
sunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to allsunshine_and_rain is a name known to all
Default Re: MORTGAGE CRITERIA FOR NEW PRs??

Originally Posted by Pinkie Pie
Right then Shellie, you'll have to organise a drinks party with your BM for all us expats when we get there
You're on! He loves new customers!
sunshine_and_rain 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.