Investment property home loans
Buying a rental property can be a great way to secure income for your future. However, before you jump right in, come and chat to us as we have a few helpful tips for you
To help you achieve your investment property goals and objectives, our mortgage advisers can advise you on the different ways to fund and structure an investment property purchase so that you have the clarity and confidence you need to make an investment. We also do all the legwork for you in terms of preparing your application to the bank or lender. This allows you to spend your time finding the right investment property.
FAQs
Typically, you will need to have a 35% deposit to purchase an investment property. The only exception to this rule is if you’re building a new investment property, you will only need a 20% deposit.
This can come in the form of savings or by unlocking the equity that you have built up in an existing property such as your family home. Get in touch with one of our mortgage advisers, to learn more about how to unlock the equity in your home to purchase a property.
Unfortunately, current rules in New Zealand state that your KiwiSaver funds can only be used to buy an owner-occupied home and cannot be used to purchase a rental property. If you require additional funds to purchase an investment property, a mortgage adviser will be able to talk you through various solutions and options you may not have considered.
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