Home » New Zealand » New Zealand – Property Financing

New Zealand – Property Financing

Mortgages for Foreign Nationals in New Zealand

New Zealand, with its stunning natural beauty and diverse landscapes, is an attractive destination for property investment. Whether you are a local or a foreign national, obtaining a mortgage is a common way to finance your property purchase. However, if you are a foreign national, you may wonder if local banks or other lenders in New Zealand are willing to issue mortgages to non-residents.

Fortunately, New Zealand has a relatively open approach to foreign property buyers, and local lenders are generally open to providing mortgages to non-residents. Several reputable banks and financial institutions offer mortgage solutions to foreign nationals interested in purchasing property in this beautiful country.

Local Lenders Offering Mortgages in New Zealand

When it comes to securing a mortgage in New Zealand, there are several local lenders you can consider:

  • ANZ Bank New Zealand: ANZ is one of New Zealand’s largest and most established banks. They offer a range of mortgage products, including options for foreign nationals. ANZ has dedicated teams to assist non-resident buyers with their mortgage applications and financial planning.
  • Westpac New Zealand: Westpac is another well-known international bank with a presence in New Zealand. They provide mortgage services to both residents and non-residents. Westpac offers competitive interest rates and tailored mortgage solutions.
  • ASB Bank: ASB Bank is a reputable bank in New Zealand that also offers mortgage solutions to foreign nationals. They have a dedicated team to guide non-resident buyers through the mortgage application process.

These local lenders have experience working with foreign nationals and can guide you through the mortgage application process, helping you choose the right mortgage product for your needs.

Minimum Deposit Requirements for Property Purchase

One of the key factors to consider when buying property in New Zealand, regardless of your nationality, is the minimum deposit requirement. The deposit, also known as the down payment, is a substantial upfront payment that you must make to secure your property purchase. The specific amount of the deposit can vary depending on several factors, including the lender’s policies, the property’s value, and your financial situation.

Typically, local banks and lenders in New Zealand may require a minimum deposit of around 20% to 30% of the property’s purchase price. However, it’s important to note that deposit requirements can vary, so it’s advisable to check with your chosen lender for the most up-to-date information. The deposit serves as a commitment to the property purchase and provides security for the lender.


Get Our Best Articles Every Month!

Get our free moving abroad email course AND our top stories in your inbox every month


Unsubscribe any time. We respect your privacy - read our privacy policy.


Additionally, some developers and real estate agents in New Zealand may offer financing packages with lower deposit requirements for specific properties or developments. These packages can be attractive to both local and foreign buyers, so it’s worth exploring different options to find the best fit for your financial situation.

Responsibility for Outstanding Debts on the Property

When you become a property owner in New Zealand, whether you are a local or a foreign national, you take on certain responsibilities, including the potential obligation to address outstanding debts associated with the property. Understanding these responsibilities is essential to a smooth property transaction.

In New Zealand, debts related to the property, such as property taxes, utility bills, or unpaid loans secured against the property, are typically tied to the property itself rather than the previous owner. When you purchase a property, you may inherit these existing financial obligations.

Before the sale is finalized, a legal process takes place to ensure that any outstanding debts related to the property are settled by the seller. The legal representatives involved in the transaction will conduct thorough checks to identify and clear any existing financial liabilities. This process ensures that you take ownership of the property without the burden of unresolved debts.

It’s crucial to engage with experienced legal professionals and seek advice from your lender to ensure that all necessary steps are taken to protect your interests during the property purchase in New Zealand. A well-informed and diligent approach can help you avoid any unexpected financial obligations and ensure a smooth transition to property ownership.

By being well-prepared, working with reputable local lenders, understanding the deposit requirements, and knowing your responsibilities, foreign nationals can successfully navigate the process of buying property in New Zealand and make sound investments in this picturesque and welcoming country.


Latest Videos

Expat Focus Financial Update February 2024 #expat #expatlife

Expat Focus 28 February 2024 2:53 pm

This error message is only visible to WordPress admins

Important: No API Key Entered.

Many features are not available without adding an API Key. Please go to the YouTube Feeds settings page to add an API key after following these instructions.