A question maybe more for the mortage brokers in NZ and/or others that are currently doing this...
My background:
I am a kiwi (have a NZ passport, etc), born/lived in NZ all my life until about 2 1/2 years ago when I went to London. I am now planning on returning to NZ within the next year but want to start investing in property there now. I have had a quick talk to a mortgage broker in NZ already and he said that the most finance I can get is 80% because I am not a NZ resident.
Is this correct? Can I get more? eg: 90% - 95%
Can I do this by setting up a trust?
Cheers!
My background:
I am a kiwi (have a NZ passport, etc), born/lived in NZ all my life until about 2 1/2 years ago when I went to London. I am now planning on returning to NZ within the next year but want to start investing in property there now. I have had a quick talk to a mortgage broker in NZ already and he said that the most finance I can get is 80% because I am not a NZ resident.
Is this correct? Can I get more? eg: 90% - 95%
Can I do this by setting up a trust?
Cheers!
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