If you’re thinking about upsizing or downsizing your existing home, we can help. As soon as you’ve decided to sell your home and buy another property, talk to us.
- We’ll take you through what you need to do and when.
- If you’re upsizing or moving to a more expensive location, we can give you an indication of how much more you might be able to borrow to buy your new property so you can start looking with confidence.
- We can also review your current mortgage and discuss options for structuring your loan that may suit your new situation better.
Getting the timing right
Timing can sometimes be a problem when you’re selling your current home and buying a new one. There may be a gap between settling on your existing home and when you need to settle on your new home.
We can help you bridge the gap between selling and buying houses with a short-term, interest-only loan. When your existing property has settled and you have the funds from the sale, it will then convert into the home loan you’ve chosen for your new property. Contact us for more information.
If you’re selling, but not buying a new house
If you’re not planning to buy another property, your existing home loan will need to be repaid when your home sells. Contact us and we’ll work with your lawyer to arrange for your loan to be repaid from the sale proceeds. Once your loan is repaid we’ll also work with your lawyer to arrange for your mortgage to be discharged.
More information
For more information:
Contact an ANZ Mobile Mortgage Manager
Call 0800 ANZ HOME (0800 269 4663)
Visit your nearest ANZ branch
For the ANZ First Home package, you need an ANZ everyday account with your salary, wages or business income direct credited and an ANZ Serious Saver account. ANZ lending criteria, terms and conditions and fees apply to all loans.
A copy of the Reserve Bank Disclosure Statement published by ANZ Bank New Zealand Limited may be obtained on request from any ANZ branch.
This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you wish to consult one of ANZ's financial advisers, please contact us on 0800 269 296.
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