Investment Property

In New Zealand, property investment is the single most significant type of wealth creation.

IProperty investment needs to be carefully planned to be successful. You should locate the ideal house that will ensure your financial security. To achieve this, seek professional financial guidance to fully comprehend the financial commitments of owning an investment property. An experienced partner will help you make an informed decision and guarantee that you get the best results.

Benefits of Investment property

Create a Future Income

If you don’t want to rely on your wage, company revenue, or superannuation income in the long run, rental income from investing in a home can help you build your overall income.

Profit from the Increase in the Value of Your Property

Suppose the property market is growing and property values increase year after year; this increases your equity. You may want to use the equity built up to buy another property, purchase furniture, or improve the existing property.

The Process

Before moving into your new home, there are several steps you’ll need to complete. Don’t worry, Infinity Loans is here to walk you through the process.

Consulting the Adviser

The first step of home buying is contacting a trusted mortgage adviser like Infinity Loans to establish your borrowing capacity. Your purchasing limit is based on your income, living expenses, fixed commitments, and other financial factors.
During this process, we will give you an indication of the max loan and ideal bank.

Pre-Approval

The second step is getting pre-approved. We will work closely with you during this process to gather all the information required. Then we will submit your application to your preferred bank and determine your pre-approved lending amount.

Finding the Perfect Property

The third step is finding a suitable property. Once you’ve found the home of your dreams within your pre-approval amount, we will check with the bank if the property is acceptable by the bank as a security.

Sale & Purchase Agreement

Once we get the green light from your bank, you can sign the Sale and Purchase Agreement for the property.
We recommend including a conditional offer as you will need some time to get an appraisal and check if the property best suits your needs. Your solicitor will also need to sign off on the title or other potential legal clauses under the Sale and Purchase Agreement.

Unconditional Contract

As soon as a bank and seller sign off on the property, you can advise your solicitor to confirm to the vendor that the contract is unconditional. This process may take 5-10 working days.

Settlement Date

The final step is Settlement Day. You can choose to change the ownership of the property to your name. We will meet you before the Settlement Day to discuss the ideal mortgage structure, best-negotiated rates, and potential cash offer so that we will be prepared for the big day.