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Overseas Mortgage Broker
Overseas Mortgage Broker

Overview of Overseas Mortgages in New Zealand

New Zealand Mortgage
Rates Available From:
5.75% depending on LTV
Currencies Available:
Minimum Loan Amount:
NZD 100,000
Minimum Property Value:
NZD 150,000
Maximum Term:
30 years
Maximum LTV (Loan-Value) Ratio:
Maximum DTI (Debt-Income) Ratio:
Repayment Methods Available:
Capital & Interest
Loan Purpose:
Type of Loan Available:
Holiday Home
Holiday Let
Main Residence
Buy to Let

What does all this mean?

Loans in New Zealand are available from NZD 200,000 and the minimum value of the property (or purchase price) should be NZD 250,000.

Banks will lend over a maximum of 30 years and interest rates start from 5.5% p.a. although this varies depending on the LTV.

The maximum amount they would lend is 70% of the value or purchase price.

Lenders calculate affordability for the loan by stating that the maximum percentage of all loan repayments (including the new mortgage, current mortgage and other loans) should be 40% of your net income.

Please feel free to use our mortgage calculator to see what your monthly payments may be.

Important Note: This information is designed to only give you an indication of what you may borrow and under what terms. It does not constitute any form of advice, nor does it imply that you will be able to borrow the amounts required. In all cases you should carry out a full Fact Find and obtain an agreement in principle from the lender. Please choose to either request a quote for a mortgage in New Zealand or complete the more comprehensive pre-qualification form to see if you already qualify for a New Zealand mortgage.