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Thread: Requirements for Mortgage

  1. #1
    Join Date
    Mar 2017

    Smile Requirements for Mortgage

    My wife and I are looking at moving to New Zealand by the end of this year. We have a house to sell (shouldn't be a problem) and would look at buying a house soon after moving. We will be staying with relitives upon arriving and was wondering how the mortgage situation stands. Can we get a mortgage soon after arriving (assuming I have a job) and what would the restrictions be?

    I'm 48, she is 32 and we have a 14 week son.

    I don't want the fact of not being able to buy a house be a problem.

    Thank you ✨✨✨

  2. #2
    Join Date
    Aug 2012
    New Zealand


    Well I think they would want at least around three months evidence of earnings usually; however it's up each bank whether they would strictly require that; their main concerns are sufficient deposit (usually minimum 20%) and sufficient earning capacity.

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