Hi, I am wondering any banks do not deal with bank brokers? From my memory, BNZ did not deal with outside bank brokers? But I do not know much in recent years, anyone please provides some information?
For I put an offer for a property, my bank broker told me he can find a second tier bank...
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Any banks do not deal with bank brokers
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How does a bank treat pre-sales
I am wondering how a bank treats pre-sales. If you were to do a property development and pre-sell all of the builds, will the bank let you treat these as equity so you could purchase a ‘next’ project (assuming income is no obstacle).
Thanks, Minz -
How to tap on your equity to purchase another IP
Hi,
I'm a noob still and has a lot to learn with investing. I have 3 properties (2 IP and 1 PPOR).
I want to use the equity I have sitting between my 2 IPs to buy another IP. The 2 IPs are with same bank, I think my first error as an investor ie cross-collateralisation. ... -
Insurance and banks
How have you found the bank view when it comes to insurance ?
1: If the building forms only a small portion of the value of the property and contributes little income vs the land value and providing the income have you found the bank willing to forgo the right to insist on insurance... -
Broker or Straight to the Bank?
I am with 3 banks at the moment.
TSB ANZ WestPac
Westpac gets my income.
An opportunity has come up, and would just like some advice before i walk into my bank and mess up my first impression
I know of one Broker in Hamilton that I am pretty certain, is...Last edited by Xplaya; 27-03-2019, 10:38 AM. -
Commercial Lending Rates
Hi All,
I am wondering how others are getting on with negotiating commercial lending rates from the main banks at the moment.
I have a couple of small commercial properties (retail) with a combined LVR <50% and lease payments >2x interest payments, and whereas 4% rates... -
If you rent out your PPOR will the bank require you to increase your deposit?
If I were to rent out my house and move into a rental myself, would the bank require me to increase my deposit from 20% to 35%?
Thanks -
How do Mortgage Brokers interface with Banks?
Hello
I will be doing a few restructuring shortly, and for the first time, I decided things are too hard to handle on my own (especially as many front line personal bankers appear quite inexperienced and seem to always give incorrect initial advice), so decided to go for a Broker this time.... -
Frustrated by Bank Waffle
Thought I had pre approval, went to put in an offer on a property only to find out bank will not lend on unit title! What the. Are the rules changing daily to suit what outcome the banks are wanting?
pre approval no longer means pre approval. What is the point of even getting it! -
Relationship property settlements - how do you know if banks will be happy to lend?
Hi,
I am going through a separation of a relationship of short duration. Due to some rather poor planning in the 1st instance and thinking that the relationship will last forever, I have not done much personal protection, which I regret.
However, the likely outcome from our... -
Do banks make mistakes on mortgage rates?
I am slightly concerned whether the mortgagee rates have been all calculated correctly after having experienced with our bank manager making mistakes, e.g. wrong rates, wrong interest payment terms, wrong deduction accounts etc.. No apologies offered.
Has your bank made a mistake on mortgage... -
Your thoughts on residential property converted to IP
Hi all,
Just want to get your thoughts on this matter.
Currently, partner and I have residential property in Auckland bought in 2010. Afterwards, used its equity to buy outside Auckland in 2015. Both Properties under ANZ, cross collateralised.
Major change is gonna... -
Do you stick with one bank or get another one?
Hi all,
We are thinking of getting a mortgagee from another bank for our next purchase in case we want to use the money instead of re-investing it. Would it help getting a mortgagee from another bank? If we do not need the cash, would it be wise to stay with one bank?
What is the...Last edited by nano; 05-07-2017, 03:52 PM. -
How should I structure finance for bare residential land with new building to follow?
I will be grateful for views on how to structure payment of my first property purchase, bare land in a residential subdivision.
I will need mortgage finance to realise a completed land and building package. Building design will follow purchase of the land.
My personal funding... -
Structuring finance for discounted purchase
I am interested if anyone knows how I could make the banks happy buying a property below market value.
Most banks will only lend 20% of purchase price or market value without a low equity margin.
If I found a property that was selling say 20% below a registered valuation...