You may have run out of space or your house might be in an urgent need of an upgrade. Or you’d like to move to a new area (to be nearer the children’s school for a better school zone for your kids) If you’re at the point where your home no longer meets your needs then you face one of life’s big decisions: to renovate or relocate.
Moving house can be one of the most stressful times in your life. So, if you add selling your existing home, finding a new one to buy, arranging finance and preparing for settlement to the actual process of physically moving, it’s very easy to find yourself overwhelmed by the idea of it all.
We’re here to support you and guide you through the process.
You’ve been a home owner already so you have a good sense of what you can manage from one month to the next. For many of us, buying a new home means moving into a more expensive home – that’s why we call it an upgrade! If you’re going bigger with your new home, make sure you don’t go bigger than you can afford. Look at your current budget and come up with a maximum amount you’re willing to spend. Our Mortgage Adviser will help you get to this number.
If you’re getting additional lending to pay for home renovations or take out a mortgage for another property, you’ll need to have your home appraised in some cases. Our experienced Team will help you get an estimated value of your existing property or order a quick desk valuation appraisal. The appraisal shows us exactly how much your home is worth under current market conditions, and that determines how much a lender can lend you for renovation or purchasing new property.
What happens when you’ve found the perfect new home but haven’t yet sold your existing one?
If you’d like to buy a new property before you sell your existing one, Bridging Finance could provide the funds you need to secure your new home.
With a bridging loan, your lender will use both your current and new property as security and lend you enough to buy your new home.
Bridging loans are subject to meeting lending criteria. There are different types of bridging finance. We will work with you to identify the right solution based on your goals and requirements.
Benefits
Risks
Ready to take the next step?
We’re here to support and assist you with the process, so if you have any questions about bridging finance please speak to one of our Mortgage Specialists/Advisers!
Fair Advice NZ
3 Springside Drive
Flatbush, Auckland 2019
E-mail address:
[email protected]
Opening Hours:
Monday- Friday 9:00am – 7:00pm
Saturday 10:00am – 4:00pm