Drashtie Pattel - Personal Assistant Rachna Dave - 0800 Rachna

Team 0800RACHNA 0800 Rachna - Award Winning Mortgage Adviser wishes you very a happy Diwali 🎉

Team 0800RACHNA wishes you a very Happy Diwali..may this festive season bring you abundance joy, happiness, peace , good health ,wealth and prosperity

The good news is, YESSSS it is possible to buy your first home when you are on a work visa if you meet follow:

i) governments requirements to work or live in New Zealand as a skilled migrant
ii) banks or lenders' mortgage requirements

Banks normally classify mortgage applications into 3 categories based on visas:
i) permanent resident visa holder
ii) resident visa holder
iii) work permit

When you are on a work permit, banks require at least a 20% deposit of the purchase price. The criteria may differ from bank to bank and it changes on time-to-time.

Call Drashti on 022 328 0795 from Team 0800RACHNA for a friendly chat today.

0800 Rachna - Award Winning Mortgage Adviser

Low deposit loans are still possible, if buying New Build.

This means first home buyers can buy their home with 10% deposit if they are buying new build homes, as per RBNZ requirements.
What is new build?

New build is a property under construction whose title and CCC (Code of Compliance Certificate) are yet to be issued. Often the term ‘turnkey project’ is used for new build properties. Turnkey project is one type of new build. Turnkey project represents property which is expected to be completed within 12 months of construction.

Want to know more? Call Drashti (022 328 0795) from team 0800RACHNA for a free friendly discussion.

0800 Rachna - Award Winning Mortgage Adviser Drashti Patel