NZ interest rates

Old Jan 15th 2008, 8:45 pm
  #1  
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Talking NZ interest rates

We are planning to sell our house in the UK and get a mortgage in NZ but their interst rates seem high (anything from 8.8 to 13%) Is there a cheaper way of raising the money eg get a loan in the UK the transfer it - please help
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Old Jan 15th 2008, 8:56 pm
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Default Re: NZ interest rates

I don't know about getting a UK loan, but saying that if you could and if you were earning Kiwi dollars it'd be a bit of a punt considering the volatility of exchange rates.

Good question. I hope you get some more informative replies than mine.
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Old Jan 15th 2008, 9:19 pm
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Default Re: NZ interest rates

Rent your house out in the UK and then rent here - only way I can think you'll get around the high interest rates - and because of inflation looks set to rise by another 0.25% next month.

Saying that who knows what will happen in the UK with house prices and interest rates - bit of a lottery if you ask me.
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