Singaporeans, Australians and Kiwis living abroad can purchase real estate in New Zealand. This means that you can own a property in New Zealand on the same terms as a New Zealand resident even if you are overseas and not residing there. If you’re an investor or looking to refinance an existing property, this may present great opportunities for you.

Home loans (mortgages) are provided by selected New Zealand banks/lenders only. Alternatively, you can work with one of our recommended mortgage brokers who can speak on your behalf with the banks/lenders.

The maximum loan amount is 70% of the purchase price of the unit and is subject to your financial situation such as your ability to service the loan, the security provided and other credit criteria. Loans will also be subjected to satisfactory documentation required by the banks. Here are the documents that you will need for credit assessment.

  • Proof of income in the form of tax filing (Notice of Assessment)
  • Payslips
  • Bank statements

So what are the benefits of taking a loan from a New Zealand bank/lender? Below are some of the benefits. 

• Will not affect your Total Debt Servicing Ratio (TDSR) in Singapore. As your loan is not taken from a Singaporean financial institution, your TDSR in Singapore remains intact.

• Ability to purchase multiple properties.

• Leverage/gearing against improved capital appreciation. 

So if you’ve been planning to own a property for investment and expand your property portfolio, you can definitely apply for a mortgage loan through New Zealand banks or lenders. Feel free to talk to our Singapore Client Consultants now to kickstart your property ownership journey in New Zealand.