What are the immigration conditions for New Zealand to borrow money to buy a house?

New Zealand loan purchase conditions

China investors are more active in the New Zealand real estate mark

What are the immigration conditions for New Zealand to borrow money to buy a house?

New Zealand loan purchase conditions

China investors are more active in the New Zealand real estate market. However, for China investors, if they want to buy a house in New Zealand, they need to face some complicated cross-regional operations. Under normal circumstances, investors will hand over the selected property to lawyers to complete the relevant procedures. But even so, investors still need to know the specific New Zealand housing purchase process and matters needing attention, so as to consider the investment direction as a whole.

When buying a house, the first thing to do is to look at the house. To see a house, you must first decide where to buy it. The five major regions in southeast, northwest and central Auckland should first choose the general direction. After that, we should narrow down the scope and look at the houses in several communities in the area. When looking at the house, you should have a basic requirement for the house you want to buy, such as several bedrooms, several bathrooms, brick or wood, how many years it has been new, and whether there are any special requirements for schools and transportation. Only when these basic concepts are confirmed can you choose a house gently.

Secondly, you have to decide the basic price of buying a house, or what is the best online. At this time, we who make loans can help you. Generally speaking, the bank can lend you 80% of the purchase price. For example, for a 250,000 house, you need 50,000 down payment, and the bank can lend you 200,000. If your income is relatively high and stable, the bank can even lend you 95%. In addition to the down payment, you should also consider your repayment ability, which is your income. Calculating the repayment ability is more complicated. Everyone's situation is different, and the calculation method of each bank is different, so if you want to know whether you can get a loan and what the monthly repayment amount is, you must contact our loan broker first.

With the first two items, you can see the house more purposefully. When looking for a house, find a broker who is familiar with the area you want, because they are familiar with the housing prices, residents, schools, shopping and so on in that area, which can give you better guidance.

The Bank of New Zealand officially announced that buying investment houses across New Zealand requires a down payment of 40%!

The provisions of the New Deal are:

For real estate investors: In New Zealand, at least 95% of real estate investors need to provide a down payment of more than 40%. At present, only real estate investors in Auckland need to provide a 30% down payment. For home buyers: more than 90% of home buyers' loans need to provide more than 20% down payment. The previous policy was that more than 85% home buyers outside Auckland needed to provide more than 20% down payment.

Note: The New Deal is aimed at investors. For most first-time buyers, the down payment ratio is still 20%. In fact, the New Zealand government has been brewing this policy for a long time. Last June, 5438+065438+ 10 stipulated that the down payment of Auckland investors should reach at least 30%. This time, it was finally implemented throughout the country. As far as I know, many Chinese families who have settled in * for more than three years own more than two properties, and many who have settled in 10 for more than five properties. In recent ten years, the rise of house prices and rents has caused many people to mortgage their houses to support their houses.

Annual growth curve of New Zealand housing prices (20 12—20 16) According to the housing price index released by QV (New Zealand Housing Appraisal Bureau), in June 2065438, New Zealand housing prices rose by 5.6% year-on-year, by 03.5% year-on-year and by 42% compared with the peak in 2007.