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