Overseas Buyer’s Guide: Buying Property From Abroad
Buying property in NZ from overseas can be complex due to rules and extra documentation requirements.
This guide explains overseas buyer mortgage NZ options, eligibility, and the process. At Taranaki Home Loans, we help expats and overseas buyers navigate these requirements.
Step 1: Understanding Eligibility
Overseas buyers face restrictions under NZ law. Most non-residents cannot buy existing homes, though exemptions apply for new builds or returning New Zealand citizens and residents.
Step 2: Mortgage Options for Overseas Buyers
Banks apply stricter criteria for overseas buyers, often requiring higher deposits and proof of overseas income.
Step 3: Documentation Required
Expect to provide certified ID, proof of overseas income, bank statements, and tax records. These must often be notarised or officially translated.
Step 4: The Buying Process
Once eligibility and finance are confirmed, the process follows standard NZ property purchase steps, with your lawyer handling contracts and settlement.
Conclusion & Next Steps
Buying property in NZ from overseas requires extra planning, but it’s possible with the right guidance.
At Taranaki Home Loans, we help expats and overseas buyers understand eligibility, prepare documents, and secure finance with the right lender.
If you’re overseas and considering buying in NZ, contact us today for tailored advice.
FAQ's
Often 30–40%.
Most banks allow up to 80% of your home’s value, less what you already owe. This decreases to 70% for investment properties.
Yes, we work with banks that offer expat home loan options.