NZ interest rates
#1
Just Joined
Thread Starter
Joined: Jan 2008
Posts: 6
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
#2
Joined: Nov 2006
Posts: 2,813
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.
Good question. I hope you get some more informative replies than mine.
#3
Forum Regular
Joined: May 2006
Location: Takapuna
Posts: 270
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.
Saying that who knows what will happen in the UK with house prices and interest rates - bit of a lottery if you ask me.