Resimac’s unique residential investor finance solutions
Recent changes to legislation may have pumped the brakes on many residential property investors. However, for the right clients, Resimac offers some unique funding options that investors could take advantage of, allowing them to invest for the first time or grow their portfolio.
Resimac offers two products suitable for residential investors in the current climate.
For investors with an existing home that can be used as equity, who can also subsidise their investment property strategy with personal income, Resimac offers a bundled mortgage from 2.89%p.a.* fixed for two years. By using the equity in an applicant’s home, this opens them up to very competitive rates.
For established investor applicants with larger deposits and a long-term view, Resimac also offers a Specialist Investment Loan of up to 20 years interest only at 50% LVR. Rates begin from 3.95%p.a. One of the benefits of this option is that Resimac takes a pragmatic approach to assessing your client’s ability to service the loan.
Resimac Head of New Zealand Luke Jackson said, "We have some of the lowest residential investment interest rates in the non-bank lending market, with no ongoing monthly fees.
"We are one of New Zealand's largest and fastest growing non-bank mortgage providers. Our position in the market, along with the support from our international group, enables us to provide our clients with long-term lending structures that support their ongoing cashflow.
"In recent years the residential property market has gone through non-stop regulatory change. Our team of experts understand what these changes mean for property investors and they can assist you to develop a product financing strategy."
Find out more about Resimac's residential investment funding solutions, or discuss a current scenario, by reaching out to your BDM.
*All advertised interest rates are available for new eligible loans and are subject to change. Your interest rate may differ depending on borrower category, security use and how much you borrow relative to the value of your property. Terms and conditions apply to all loan features. Final approval is subject to credit assessment. Valuation fee is at the cost of the valuation. Annual fee $0. Settlement fee $475. Discharge fee $495. Details about our products and our full interest rate disclosure for new and existing loans is set out in our Interest Rates Disclosure document. A schedule of our fees and charges is available on the Costs of Borrowing, Forms, and Terms page.