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Type: Posts; User: Rae

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  1. Replies
    15
    Views
    3,634

    Hi there, Once the property is purchased it's...

    Hi there,

    Once the property is purchased it's usage is at the owners discretion, so yes the same could be said, however, you would need to let your insurance company know that the property is or...
  2. Replies
    15
    Views
    3,634

    Hi there, With the income shown in your...

    Hi there,

    With the income shown in your original question, it is unfortunately highly unlikely the banks will loan based on that level of income.
    The reason being there are living costs...
  3. Thread: Legal Query

    by Rae
    Replies
    3
    Views
    1,550

    Hi Scott, 20years of age makes no difference...

    Hi Scott,

    20years of age makes no difference from a legal point of view.
    Lenders review loan value against security and income sources personal and rental to service the loan.

    Your best option...
  4. Replies
    12
    Views
    10,364

    Hi Everyone, Sorry for the delay, now with...

    Hi Everyone,

    Sorry for the delay, now with regards to Debt to Service Ratio, the significance is to show what proportion of disposable income is available to service all levels of debt.

    As...
  5. Replies
    1,826
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    424,239

    Hi all, Have been reading all posts, and must...

    Hi all,

    Have been reading all posts, and must say I am also extremely weary, I have recently had a call from the commerce commission, who are investigating similar companies, and have come to me...
  6. Thread: Overseas investors

    by Rae
    Replies
    8
    Views
    2,015

    Some banks have restrictions based on locations...

    Some banks have restrictions based on locations and the population, for example, many major lenders are not keen on an area with a population less than 10,000 it depends very much on the LVR and the...
  7. Thread: Overseas investors

    by Rae
    Replies
    8
    Views
    2,015

    yes, it is the same for residents as it is...

    yes, it is the same for residents as it is non-residents.

    Cheers
    Rae
  8. Thread: Overseas investors

    by Rae
    Replies
    8
    Views
    2,015

    They can apply to a NZ lender or use a global...

    They can apply to a NZ lender or use a global lender such as HSBC, the bank would firstly look favourably on a 20% deposit and 80% funding, you do not need to have any ties already in NZ

    With...
  9. Replies
    5
    Views
    2,423

    Hi all, Just thought I would put my two cents...

    Hi all,

    Just thought I would put my two cents in here for what it's worth. I have had no indication from all my contacts throughout all major lending institutes that interest rates will continue...
  10. Replies
    4
    Views
    2,189

    Hi all, Non reviewable loans to me spell...

    Hi all,

    Non reviewable loans to me spell revolving credit facilities, please correct me if this is the wrong end of the stick however as a broker this is what the term means to me.

    The banks...
  11. Replies
    3
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    1,988

    Hi John, With regards to Mortgage Insurers,...

    Hi John,

    With regards to Mortgage Insurers, The National Bank are the only bank that self insure to my best knowledge. They may look at a higher LVR than 80% for you although it's not quaranteed. ...
  12. Replies
    13
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    6,173

    Hi Leanne, With regards to products/packages...

    Hi Leanne,

    With regards to products/packages that lenders now offer, Redpac from Westpac is the only package that comes close to the benefits gained from ANZ Select, Its annual account charge is...
  13. Replies
    13
    Views
    6,173

    Just to let you know that when dealing with the...

    Just to let you know that when dealing with the likes of ANZ through a NZMBA approved broker this $23 per month fee is often waived.

    With regards to what is to be considered a large loan by banks/...
  14. Replies
    5
    Views
    2,024

    Some lenders with overseas branch can verify ID...

    Some lenders with overseas branch can verify ID that way therefore making the process alot simplier like HSBC.

    Power of Attorney is still required in NZ but you don't need to actually be in New...
  15. Replies
    13
    Views
    6,173

    Hi Graemeh, When I say that other lending...

    Hi Graemeh,

    When I say that other lending institutes can match these rates this is by taking advantages of there products which often go unadvertised, and this is where brokers can come in very...
  16. Replies
    13
    Views
    6,173

    Kiwibank is one of only a couple of lending...

    Kiwibank is one of only a couple of lending institutes that won't enable brokers to act for their customers.

    They specialise in targeting middle class, lower income people for smaller loans, as...
  17. Replies
    13
    Views
    2,802

    Hi Tamara, I would be happy to give your...

    Hi Tamara,

    I would be happy to give your details to a couple of real estate agents I deal with on a regular basis and specify what you are looking for. I can confirm with them that they do...
  18. Thread: bank trouble

    by Rae
    Replies
    6
    Views
    2,331

    Dear Sally, My name is Raewyn Thomas. I...

    Dear Sally,

    My name is Raewyn Thomas.

    I feel I can really help you out with this and would love to know a few more details as to point you in the right direction. Please post more details...
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