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Non Residents, Immigrants, and Foreign Currency Lending

FORWARD SOLUTIONS-MORTGAGE BROKING

Non Residents and Immigrants

This is a specialty area and requires quite a lot of expertise. Forward Solutions have been able to assist people from around the Globe in achieving their requirements. These are turbulent times in the financial sector and knowing you are working with a team that has your best interests in mind gives you the assurance that all is well.

Non-Residents can look to purchasing property in New Zealand and given the fluctuating New Zealand dollar now is a great time to purchase. But making sure you are in the right product and you have secured yourself to allow for the fluctuations will stand you in good stead for when the market turns around.

For Expat kiwis living in the UK, did you know you can secure a mortgage in the UK at UK rates for property in New Zealand? This means you don’t have to worry about the fluctuating dollar or pound as your mortgage is set against your UK income. We can achieve this for expats in many countries around the world.

If you are considering making a move to New Zealand it is often easier to secure a property before you come to New Zealand using your current income. often lenders are looking for stability in people before lending to them. Therefore using your current income and position will give the bank greater security than once you arrive in New Zealand.

Working with Forward Solutions gives you confidence that you are receiving the best advice and we can assist you with all your property matters. By putting you in touch with a solicitor, accountant and other professionals to assist you, gives you the assurance you are making the right choice. We also have contacts with immigration consultants to assist you with all your other immigration matters.

However if you are waiting till your arrival in New Zealand then we can assist you here by helping you set up your initial banking relationships so that you will have a lender who will look to working with you in the fastest timeframe possible. This allows you to get a feel for your new environment and work out all the intricacies of moving countries and reinventing your life. It isn’t easy moving to another country but knowing you are in safe hands for your property requirements will ease that pressure from your mind. Getting a mortgage is one of the biggest financial decisions one can make and being in good hands will put you at ease and give you the confidence to make the right choice. This then allows you to settle into your new environment.

Investing in New Zealand.

There are some excellent opportunities to invest in New Zealand. By working with Forward Solutions you will find that we are able to put you in contact with some excellent people to enable you to be in the best position upon your arrival. If you have an existing home to come to you will be able to settle much faster knowing you don’t have to be concerned about your initial housing requirements. Once you have arrived and you feel that the house you purchased is not for you, this property becomes an investment property. Knowing you have worked with experienced people on the ground in New Zealand will give you confidence to rent this property out. Because of the exchange rate you may be in a position from your resident country to purchase a number of New Zealand properties giving you a passive income on arrival. It is a hard enough decision to move to a new country, so having the best start you can give yourself on arrival, the better the journey is likely to become. At Forward Solutions we are passionate about property and property investing. We will endeavour to give you all the right tools to make the best decision.

Foreign Currency Loans and Purchasing Internationally

Purchasing overseas requires a lot of investigation and you need to have the right knowledge and expertise behind you. Because Kiwis generally have only looked to Australia for international purchases we have contacts who can assist you in the process of purchasing and financial management in Australia. There are a number of differences between New Zealand and Australia that it certainly helps to have someone on the ground over there. Lenders in New Zealand will look to funding your Australian purchase, while our experts in Australia will help you make the right choice.

If you are looking further afield around the globe then you can look no further than Forward Solutions. We have the ability to provide you with the right contacts all around the world. There are even some lenders in New Zealand who will lend you the money to make your purchase overseas. You can even look to using a foreign currency loan (detailed below), although risky can have massive rewards.

Foreign currency lending is extremely volatile and risky. It is more akin to foreign currency trading than property investing, however the rewards can be extremely exciting. You need to have a large portfolio, some great equity and the right people behind you. While we can assist you with this there are strict guidelines we have to adhere to and given the financial world markets at the moment it is relatively hard to get this sorted. That said given the falling NZ$ now is a great time to start investigating this as an option. By getting in touch with us at Forward Solutions today we can start opening up the communication lines to get an understanding of you and your risk profile. Before we put you into one of these loans we have to have an extremely good understanding of you and your position. Due to the high risk nature of working with foreign currency you want to be assured all your partners are able to assist you to allow you to move forward. Although challenging, reducing your mortgages using foreign currencies is exciting and can be extremely rewarding.

The 2 main reasons for wanting a Foreign Currency loan are;

Interest Rates – By having your mortgage in another currency you are able to take advantage of the interest rates of the country of your currency. Imagine being able to take advantage of the lower interest rates of the UK or Japan or Hong Kong to name a few.

Principal Reduction – By switching currencies during your loan term enables you to reduce the principal on your mortgage. Imagine a US$ loan today at close to $0.50 and then as the NZ$ climbs back up to $0.75 means you reduce your loan by one third. Of course if it then dropped to $0.40 you increase your loan by one quarter. We consider this and all options when working through the process with you to help minimise risk.

Disclaimer – Foreign currency lending is extremely risky. There are excellent rewards, however the losses can also be extremely unrewarding. As much as you can stand to gain you can lose as much or more.

If you want to know and understand more about these loans then call or email me. It can take up to one year to arrange these loans. This is for your protection and ours.