Several hundred thousand Kiwis live and work overseas, with many wanting to buy something ‘back home’ or refinance their existing property in NZ.
We have assisted many Kiwis over the years, in purchasing or refinancing property in New Zealand, with customers living in many different countries including Australia, America, the UK, Japan, Taiwan, Singapore, Hong Kong, Dubai and other locations around the globe.
The Reserve Bank in New Zealand governs the loan to values and other legal requirements for property finance, whilst Lenders vary significantly in how they treat overseas income.
If you are, or know someone, who may be considering buying something back here in NZ read on for details on the rules, the lenders and the best way to go about local investment for overseas kiwis.
At iLender we put your best interests first and not the Bank – our advice is unbiased as all Lenders who we do business with pay about the same in commissions.
Although we are Auckland based Mortgage Brokers, we help customers everywhere in New Zealand and overseas with buying property in New Zealand, as we are very much about online and giving advice here and now!
We look forward to helping you!