The major New Zealand banks have announced that overseas income will no longer be considered in applications for property purchases where the customer does not hold New Zealand citizenship or permanent residency.
As a non bank broker I have access to lenders that will consider;
- Overseas borrower’s foreign income
- Lending to non-residents
- Lending for non-owner occupied residential property
- Lending for bare land and construction
- Overseas borrowers with NZ residents guarantees
Getting non-resident finance is not always easy, but as a non bank broker I enjoy finding solutions for situations where the banks say NO.