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Switching Banks

Time for a fresh start

Refinancing is essentially applying for a new home loan with another bank. It will be like a fresh start of your home loan. Hence it is important that you gather all the correct supporting documents.

  • Compare the offerings and products of different lenders and choose the most favorable one
  • Make a list of the assets you own; their council rates, body corporate fees, house insurance, property value etc.
  • Provide full information regarding all the loan accounts with maturity date and interest rate details - 6 months of loan statements will be required by the lender
  • Provide
    • 3 latest payslips for all applicants
    • 2 years of IRD summary of income
    • 2 years of financial statement for business income
    • purpose of loan and new loan application form
    • latest 3 months of all bank statements, credit card statement and any hire purchase statement
    • Valid ID proof of all applicants
    • Valid citizenship or residency proof for all applicants (not required if Valid NZ passport is offered as ID proof)
    • Trust deed (if purchasing under trust)
  • The lender may also request for registered valuation for one or several of the properties you own
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