Mortgage for Expat Moving Back to NZ

[buxlo122]

I am a kiwi expat that will be moving back from Canada and looking to buy a house. I will have between a 20%-75% downpayment delending on how much of our savings we need to use for a down payment.

1) If I dont have a job yet would I be able to get a mortgage?
2) If I do have a job will i need to be in that job for three months before i could get a mortgage?
3) Other options?

[Minz]

You will be best to connect with a broker....personally, I doubt you will get a mortgage with no job/regular income.....but maybe there is another way, or a second tier lender may be able to bridge the gap for you depending on the security you have.

[spaceman]

IMHO

1 Yes
2 No
3 Be tax smart. There is no tax advantage to buying a PPOR, there are many tax advantages to buying an IP vs a PPOR. You can purchase an IP and live in it and enjoy significant tax benefits if you plan ahead. I would recomend purchasing the proiperty in a compnay (ordinary comapny NOT a LAQC) or a trust.

Good luck

Cheers
Spaceman

[brokerman]

Just saw this, we do heaps of lending for Expats, on hols till Monday send me a message and I'll reply then!