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The New Zealand Immigration Guide

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jam
I'll Hang Around A Little
I'll Hang Around A Little


Joined: 02 Jan 2004
Posts: 15
Location: hope to be auckland, west harbour area
Posted: Fri Jan 02, 2004 10:25 am    Post subject: mortgage lending
Could anyone tell me how the mutliples for mortgage lending are calculated in NZ, thanks
Ian Simpson
I'll Hang Around A Little
I'll Hang Around A Little


Joined: 17 Nov 2003
Posts: 42
Location: Poor Old England
Posted: Sat Jan 03, 2004 3:18 am    Post subject:
Hi jam,

Try this calculator from one of New Zealand's main banks.

http://www.nationalbank.co.nz/personal/calculators/homeloan.asp#calc1

If you're taking a 95% mortgage, it looks like they allow about 4x the combined salary of joint applicants.




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