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  1. #1

    Default If you rent out your PPOR will the bank require you to increase your deposit?

    If I were to rent out my house and move into a rental myself, would the bank require me to increase my deposit from 20% to 35%?

    Thanks

  2. #2
    Join Date
    Oct 2015
    Location
    Rotorua
    Posts
    346

    Default

    Quote Originally Posted by Invest View Post
    If I were to rent out my house and move into a rental myself, would the bank require me to increase my deposit from 20% to 35%?

    Thanks
    Banks normally don't review lending unless you ask for more money or selling up or become unemployed. Furthermore they rather look at overall portfolio

  3. #3

    Default

    In theory they will if they know about it. Perhaps the value of your home has increased since you bought it, or did you purchase recently using Kiwisaver perhaps?
    Free online Property Investment Course from iFindProperty, a residential investment property agency.


 

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