1. EachPod

Buy an Investment Property With a 10% Deposit? You Can If You Meet This Criteria | Ep. 459

Author
Opes Partners
Published
Sun 13 Dec 2020
Episode Link
https://podcasters.spotify.com/pod/show/propertyacademy/episodes/Buy-an-Investment-Property-With-a-10-Deposit--You-Can-If-You-Meet-This-Criteria--Ep--459-enjalq

In this episode, we discuss the BNZ's announcement that they are now willing to lend up to 90% for investors purchasing turn-key builds from a developer. This is effectively adding in the new build exemption which was always in place. 




But, before you get too excited ... in order to get a loan with that little deposit, you'll need to be a "golden client" ... most likely double incomes in secure industries with clean credit and account conduct. And you'll also have to pay higher interest rates. 




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