Borrowing money

Banks and financial services organisations offer a wide range of mortgage options and combinations. Bank processing is efficient and mortgage finance can be arranged within as little as 24 hours. The rate of payment and value of your mortgage is dependent on your financial circumstances. However, mortgages are usually capped at 95% of the property's sale price. The mortgage market is highly competitive and it is well worth shopping around for the best deal.

A good place to start is Real Estate New Zealand which provides an up-to-date survey of mortgage interest rates and access to a handy Mortgage Calculator.