Hi
I have an investment property in AKL with RV of $1.3m and the mortgage is about 900k (LVR of about 70%)..
I took at the mortgage in Jul 2015 at 80% LVR before they introduced different LVR for investors.. Is it possible for me to release the equity to the 80% LVR range so that I have cash for another non-property investment. Typically I would just use the equity for buying another property, but i am keen to cash it out.
What is the process if somebdy has done it
Btw, I bank with BNZ
Thanks guys
I have an investment property in AKL with RV of $1.3m and the mortgage is about 900k (LVR of about 70%)..
I took at the mortgage in Jul 2015 at 80% LVR before they introduced different LVR for investors.. Is it possible for me to release the equity to the 80% LVR range so that I have cash for another non-property investment. Typically I would just use the equity for buying another property, but i am keen to cash it out.
What is the process if somebdy has done it
Btw, I bank with BNZ
Thanks guys
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