NEW ZEALAND MORTGAGE FOR FOREIGNERS WITHOUT RESIDENCY
A mortgage in New Zealand for non-resident is a formal financial arrangement in which a NZ bank or lending institution provides an individual or business without residency with the necessary funds to purchase real estate.
New Zealand is particularly attractive to real estate investors because of its stable political and economic environment, its reputation for high living standards and natural beauty, and the ongoing international demand for property in key cities such as Auckland, Wellington, and Queenstown, which continue to position the country as a desirable and secure place to invest.
Can I obtain a mortgage in New-Zealand without residing in the country ?
Yes — it is possible for a non-resident to obtain a mortgage in New Zealand, but it’s far from easy and comes with notable restrictions and prerequisites.
1. It’s possible — but limited
New Zealand banks can grant mortgages to foreign buyers, especially those who are citizens of Australia or Singapore — these groups benefit from exemptions under trans-Tasman agreements and free trade provisions. For other foreign nationals, it’s still possible, though much more complex.
2. Access depends on authorization from OIO
Under the Overseas Investment Amendment Act of 2018, most non-residents are not allowed to buy existing residential property, unless it’s a new build, in which case special permission from the Overseas Investment Office (OIO) may be required.
3. Broker assistance is highly recommended
Securing a mortgage as a non-resident often involves using specialized mortgage brokers who understand the limited lending landscape and can navigate the few bank options available — some lenders may require you to have the mortgage structured as an investment property, even if you intend to reside there later.
4. Income from abroad is tolerated — with discounts
Lenders will typically consider your overseas income, but they apply a discount—often only 60–80% of that income is recognized in the affordability calculation—to account for currency fluctuations.