Re: Can I release equity in a property in NZ to buy in Australia?
Posted: Tue Jun 18, 2019 3:51 pm
Hello Alastair. Welcome to the forums.
Yes, you can release equity from a property in NZ to buy in Australia as a New Zealand (NZ) citizen, however, to be clear, it will involve two separate loans.
First, you’d need to refinance your mortgage in NZ in order to release equity. This is something we cannot assist you with as our Australian Credit License (ACL) only allows us to deal with finance providers in Australia. You must seek assistance with your bank directly in New Zealand.
Once you’ve released equity from your NZ property, you can contact us and we’ll help you get approved for a New Zealand Citizen home loan.
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for an NZ citizen mortgage.
Cheers,
Yes, you can release equity from a property in NZ to buy in Australia as a New Zealand (NZ) citizen, however, to be clear, it will involve two separate loans.
First, you’d need to refinance your mortgage in NZ in order to release equity. This is something we cannot assist you with as our Australian Credit License (ACL) only allows us to deal with finance providers in Australia. You must seek assistance with your bank directly in New Zealand.
Once you’ve released equity from your NZ property, you can contact us and we’ll help you get approved for a New Zealand Citizen home loan.
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for an NZ citizen mortgage.
Cheers,