We can help with structuring your finances to give you the best opportunity to access finance at the best rates.
When it comes to mortgage finance for purchasing a home or rental property, we can assist you with this as well.
There are some very simple things you can do to reduce and pay off debt quicker; we would be happy to discuss this with you to help you stay on track here.
In more recent times we have had the reserve bank place requirements on our banks and mortgage providers. This has meant that borrowers have had to raise a minimum of 20% of the value to purchase a property and in some situations, this has been as high as 60%
Added to this we have become subject to stricter Anti-Money Laundering Laws, which has resulted in both more documentation and proof of who you are, but also where your money has come from and where it is going to go.
So be prepared to be asked for increased ID and proof of address requirements, as well as documentation on where your money has come from.
The industry has long frowned on the suitcase full of cash approach to savings, though it still happens from time to time, it now needs to be evidenced through a New Zealand bank account. Large sums of cash will gain the attention of authorities, and any amounts over certain thresholds need to be reported to our financial fraud office, regardless of the reason, benign or otherwise.
In saying that, if you are in the position to buy property, we can provide you some of the best access to finance with a wide range of providers, so you know you have the best deal you can get.
Give us a call, and we can chat about what you need.