Obtaining lending for house with unconsented kitchenette

[jonny5]

Hi there,

We are interested to bid on a house at auction next wed however we are struggling to get finance.

We are fine from a servicing and security point of view but the bank is not happy with a clause in the sale and purchase agreement that declares an unconsented kitchenette...

[EddieHJJ]

Hi everyone,

Wonder if someone comes across this and can give some advice:

I have a residential tenant who uses part of the property (garage) as a storage space for their material and gear for their private business.

So my questions are:

1. Can I consider the interest

...

[Frezzinghot]

I am looking to refinance with The bank of china for our home loan. Anyone use them? Good experience with them?

[Bluekiwi]

Hi Team,

Banks dont seem to like my 6 town houses on one title.
Why is that a problem.
If they were all cross lease and units 1/6 through to 6/6 then they seem to like it as security.

It seems to cause shock in their credit teams, at the thought of using it as security....

[Fenix]

Hi everyone.

I currently have a modest amount of mortgage left to pay (Below 6 figures) - I currently live in my house with a border but have used it as a rental in the past when I’ve lived overseas and that may happen again in the future one day.

What I would like to know...

[nano]

Is there any benefit to be under ASB's business sector?

We hardly have any contact with them.
We have had only 1 contact by mail to remind the renewal of mortgage rates.
Renewal of the rates have been done by on line.

The reason why I am asking is that they...

[Purple Property]

So my wife and I have our own home now, two daughters under 2 years old and a rental property, kiwisavers ticking along and index funds building up each month we get our paycheck.

Mortgages getting paid down, index funds going up (albeit zig zagging) and working out calaculations we have...

[GREMMS]

Dear Team,
How do I move my residential home loan into my investment property?
Can I get the bank to do this?
Thanks very much all....

[dickie]

Hey
Are the banks fussy about what you are using a revolving credit for? Currently trying to get a RC and have enough equity however the bank want to know why I want it.

Any pointers would be appreciated.

Dickie

[Johnyx]

Hi All
I started property investment about 4 years ago. I now own 3 properties in Auckland, and everything is going well. However, all 3 loans are on interest only, but that will start to change at the end of 2020 (and roll over to P&I). Put simply, I can not afford to pay P&I, the rents...

[MS1353]

Hi
What is current revolving credit limit and rule with banks? I heard TSB give maximum 20% of your mortgage as revolving credit and ANZ will give you 350K revolving credit if you have 70% or less LVR. What is rule with ASB, BNZ, Westpac and Kiwibank?

[J_W_B]

Hi,
I've been offered a role overseas, in a country that has a tax treaty with NZ.
My wife and I own a property (the family home) and she will remain in NZ, residing in the property while I'm working overseas.
I'll still be contributing to the mortgage, and likely living overseas...

[Chelsea]

My loan expires in beginning of Jan 2020, should I wait for next OCR review, which will be in 12th Feb (correct if I'm wrong), should I wait for next review?
I think it's likely to drop again, your view?

[OnTheMove]

When somebody borrows over 80%, you get the LEM .3%. .75% etc added depending how much you are borrowing.

Which loan type is used, a standard variable rate or can the borrower choose a fixed rate?

This is for owner occupied with view to using as investment long term (once it...

[Bluekiwi]

We know you can break a fixed loan today, pay the break fee, and refix again.

But can you re-fix say 50 or 60 days out, but before your term loan expires, and pay whatever bank break fee the bank calculates at that time ?