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40% deposit requirement - what is exempt?
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40% deposit requirement - what is exempt?
Hamish Patel | ph: 09 625 4693 | mob: 021 625 693
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What about loans that are not new lending, but are transferred? I'm thinking of the situation where an investor disposes of a property and transfers the fixed loan to a new purchase.
It's a new purchase, but technically isn't new lending. Where does this stand?My blog. From personal experience.
http://statehousinginnz.wordpress.com/
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Originally posted by sidinz View PostWhat about loans that are not new lending, but are transferred? I'm thinking of the situation where an investor disposes of a property and transfers the fixed loan to a new purchase.
It's a new purchase, but technically isn't new lending. Where does this stand?
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Which ones?
AFAIK exempt is new construction, PPOR and of course anyone borrowing from the multitude of other on-shore and offshore lenders.Free online Property Investment Course from iFindProperty, a residential investment property agency.
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Hamish Patel | ph: 09 625 4693 | mob: 021 625 693
My Website
Be informed - register for our free monthly newsletter
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