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Capital growth has been at 12.5 per cent annually for the past several years, meaning that New Zealand has the second-most-expensive real-estate market in the world, after Australia, in relation to household income - although prices are still perfectly affordable by most British standards.
Mortgages are available in New Zealand for non residents.
Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.
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* Max age 65
* Max 80% LTV
* Min loan NZ$100,000
* Rates from approx 8.00% |
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* Maximum Term 20 years
* Currencies: New Zealand Dollars
* Repayment only |
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You can contact agents able to assist with your property purchase in New Zealand by completing this form
Think carefully before securing other debts against your home. Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. |
