Property Investing in NZ

Buying an investment property or a rental property in NZ can be an excellent way to create wealth. However, like any investment, you must do your homework before taking the plunge. Doing so may save you thousands of dollars, if not more.

We can help with finding the most suitable option to meet your needs among the panel of banks and lenders available to us.

Here are some of the things to consider when purchasing a rental property;

• Are you wanting to keep the property long term?

• Do you know the local rental market?

• Have you considered the tax implications?

• Do you have sufficient deposit or equity to purchase?

Since October 2013, there have been restrictions placed on banks by the Reserve Bank of New Zealand and slowly these are starting to be relaxed.

We can help find suitable investment options from banks and lenders, leaving you more time to find the ideal investment property.

Affordability of a Property Investment Loan

When applying for a new home loan for an investment property, you must show your bank that you can afford to repay it. This happens regardless of whether you apply for a home loan through your bank or a mortgage broker like Mortgage Field. 

This is where Mortgage Field can help. We have access to the best tools necessary to work your investment property affordability to satisfy the banks and/or lenders.

There are two ways we can do this for you;

• Complete our short form with your information for us to test affordability.
• Ask for our home loan application to be emailed.

Has your bank said no or not yet?

If your bank has said no or told you to come back later, then contact us for a friendly chat. A no from your bank doesn't have to be the end of your property investment journey. Mortgage Field has the expertise and field of banks to find the right solution.

So, if you find yourself in need of an alternative solution, let's chat.