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Ask An Expert: 2 Properties On 1 Mortgage

Monday, February 18, 2013

Jesse asks the APIA Expert Panel:


Can I buy two properties on the one mortgage?


Lena Li, ANZ Mobile Mortage Manager, Answers


Generally speaking, we lend base on an acceptable lending ratio and the type of security we hold.
 
The lower your existing lending ratio the more chance you can top up on an existing security to buy the second property.  Furthermore, we do not necessarily have to take your second property as security.  The deliberation of a top-up will be on a case-by-case basis.  If you want to borrow over 80% on your existing property, you will need to meet the criteria of over 80% lending but this can be assessed accordingly.  You may also put the whole lending into a flexible form of loan in some cases depending on individual needs and individual statement of position. 
 
For more information and personalised advice, contact a friendly ANZ mobile mortgage manager and they will be more than happy to help!
 

The APIA Property Expert Panel is ready to answer your property questions.  Write us an email to elves@apia.org.nz and we will get you an answer pronto!

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Mathieu Holt- Managing Director, The Tenancy Practice Service & TPS Credit Control
Through the Association I found the channels and methods to fund the purchase of property I never dreamed about. Grant Brown

All round it has been one of those things Neil and I felt was really worthwhile belonging to. We have learned so much it has just built our confidence in what we are doing.

Janice Bieleski
I read two articles in the monthly magazine that saved me over $5,000. That is my membership fee for the next 26 years and I am sure I will learn a whole lot more! John Duncan
Fantastic organisation. The networking opportunities are brilliant and provide us with information and opportunities that cannot be obtained anywhere else. We learn something new at every meeting and we've been in this game for nearly 20 years. Pauline and Gyanen Kumar

I find the information obtained from various APIA meetings very useful in guiding my own property investment and rental management.  I also enjoy the networking opportunities with like-minded investors.  I am inspired by other investors’ success and find the more experiences and knowledge that I share with others, the more confident I become.  

Thanks to all APIA event organizers and administrators for your brilliant work. 

Stella Shao

I like talking to people and learning from their experience because it gives me the confidence to invest well. I think it is a knowledge thing. I now know I am doing things the right way.

Stephen Weatherall

My APIA membership has become a total success.

Every time I attend a monthly or regional meeting I come away with so many useful and positive tips that have added value to my property investments and management.

Not only that, the website is a great place for practical advice and useful information. It has now evolved into an important resource for my business.

Talk about value for money! The discounts I have been getting at Bunnings when I present my APIA membership card have more than paid for my annual subscription!

Tim Duffett, Plan A Investments Limited