Wife and I are moving back to Auckland (from Syd) in a few months time, and I'm wanting to know whether the 20% deposit required could be made up of equity tied up in an IP which is owned by the family trust to reduce this to 10%? I have ~$250k tied up in the share market making healthy growth and dividends yearly but am able to liquidate to cover a 10% deposit.
Is this possible? would banks back home be willing to lend on 10% deposit?
Thanks,
Nick
Is this possible? would banks back home be willing to lend on 10% deposit?
Thanks,
Nick
Comment