Originally posted by Lanthanide
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RBNZ: Investors will require 40% deposit from September
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www.ilender.co.nz
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Im having an interesting argument with a bank around the treatment of home and income. It seems that some are trying to limit a home and income to 60%. Meaning to get a topup you would have to kick out your tenant.Hamish Patel | ph: 09 625 4693 | mob: 021 625 693
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Originally posted by Sifu View PostHi Guys
On the topic of this new LVR rules, does anyone know what it is now for new builds? Is it still 20%?www.ilender.co.nz
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Originally posted by Judge View PostHi brockerman, does sovereign lend to non residents who applied for residency under skilled migrant category? I have a relative who needs help.www.ilender.co.nz
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ANZ confirmed not, Westpac confirm they can, ASB on a case by case basis. Hope that helps!www.ilender.co.nz
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I interviewed a broker recently about who the players are at each "tier" and how they prefer to lend. Part 1 is here. Part 2 is coming and will be case studies and examples from a couple of brokers clients.
PT folks aside (I think people here are great at sharing info) I got tired of seeing "articles" about non-bank lenders interviewing mortgage brokers that gave no real information and implied that the only gateway to 20% LVR was through them. That kind of caginess is only going to push people away. Someone I knew from uni thought they were the same as NZ Finance companies who all went bust during the GFC.
End of my little rant, hopefully this helps explain things a bit and the case studies are really interesting.Last edited by Nick G; 15-09-2016, 09:36 PM.Free online Property Investment Course from iFindProperty, a residential investment property agency.
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Here is a little you tube clip I prepared to show the latest changes to exemptions for the 40% rule.
Change around selling one from a portfolio - no need to reduce rest to 60 as such
Also exempt buying property up to 6 month old from developerHamish Patel | ph: 09 625 4693 | mob: 021 625 693
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Originally posted by Nick G View PostI interviewed a broker recently about who the players are at each "tier" and how they prefer to lend. Part 1 is here. Part 2 is coming and will be case studies and examples from a couple of brokers clients.
PT folks aside (I think people here are great at sharing info) I got tired of seeing "articles" about non-bank lenders interviewing mortgage brokers that gave no real information and implied that the only gateway to 20% LVR was through them. That kind of caginess is only going to push people away. Someone I knew from uni thought they were the same as NZ Finance companies who all went bust during the GFC.
End of my little rant, hopefully this helps explain things a bit and the case studies are really interesting.www.ilender.co.nz
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Yip no worries, would always appreciate attribution to IFP if that is possible since (as you know) these things take a boat-load of time to put together. CheersFree online Property Investment Course from iFindProperty, a residential investment property agency.
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Originally posted by Nick G View PostYip no worries, would always appreciate attribution to IFP if that is possible since (as you know) these things take a boat-load of time to put together. Cheerswww.ilender.co.nz
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