1. Find out how much you are eligible to borrow by completing our quotation request form
2. Obtain an ‘Agreement in Principle’
3. Choose a property
4. Sign ‘Contract of Sale’ & transfer the deposit with Baydonhill Foreign Exchange to secure the property
5. Submit a copy of the signed contract of sale
6. Lender instructs valuation
7. Lender issues mortgage offer
8. Transfer balance with Baydonhill Foreign Exchange to your Solicitor
9. Arrange monthly mortgage payments with Baydonhill International Payment Plan
10. Completion

The New Zealand property system works mainly off a Freehold Title, which guarantees ownership.  

To ensure that you properly receive your ownership rights, you will be required to appoint a Solicitor to transact your property purchase and ensure that the title passes to you in accordance with the law.  

We have access to all the major New Zealand based banks and lending institutions.  Many lenders working with Baydonhill International Mortgages offer true special discounts to preferential clients.  These will be sought wherever possible as it can result in substantial savings over the term of investment

The maximum loan available is 80% of the purchase price or valuation, (whichever is the lower) regardless of age and to cover almost every circumstance.

On a Repayment mortgage – 30 years
On an Interest only mortgage – 5 years

Loan application fee - Usually less than NZ$1,000
Mortgage registration - Usually less than NZ$200
Valuation fees - Usually around NZ$300 to NZ$500 
Legal fees - Usually around NZ$500 

There may also be annual fees in having your loan, which should be considered. 

When you acquire a New Zealand property, there are some purchase costs that you will need to consider and budget for.