Buying your next home.

Moving onto the next chapter of your life.

A new goal.

When it’s time to buy another home, careful preparation helps you to get what you want with minimal stress. Here’s a refresher course for nailing the next chapter of your property journey.

Want to be smarter with your next home loan?

A mortgage adviser can help you to make home loan decisions that save money in the long run.

Today's Best Rates...

Term
Rate
Lender

Buying your next home FAQs

You’re no newbie to the home loan world, but you’ll still have queries that need fast answers. Looking through the lens of a next home buyer, we’ve come up with the questions that are most often asked. The answers have all been checked by our panel of expert advisers.

If you’re happy to stay with your existing lender, there’s a good chance you can take the loan with you and save the cost of establishing a new mortgage agreement. Talk to your lender to see if this is an option.

Changing lenders is easiest when you’re selling one house and buying another. It’s simply a case of paying back your existing loan, then starting a new loan with your new lender. Sometimes there are incentives to switch to a new lender, like a cashback offer or money towards conveyancing costs. Things get more complicated if you plan to move all your banking at the same time, but your new provider will have proven processes for minimising disruption.
It’s always better to start as soon as you can, because lenders’ turnaround times vary. If the lender is low on staff or experiencing high demand, don’t expect quick service. Pre-approval can sometimes be given in just a few days, but it pays to allow extra time for full approval. If you’re working with a mortgage adviser, they will be able to indicate how long you might have to wait.

If you’re happy to stay with your existing lender, there’s a good chance you can take the loan with you and save the cost of establishing a new mortgage agreement. Talk to your lender to see if this is an option.

Changing lenders is easiest when you’re selling one house and buying another. It’s simply a case of paying back your existing loan, then starting a new loan with your new lender. Sometimes there are incentives to switch to a new lender, like a cashback offer or money towards conveyancing costs. Things get more complicated if you plan to move all your banking at the same time, but your new provider will have proven processes for minimising disruption.
It’s always better to start as soon as you can, because lenders’ turnaround times vary. If the lender is low on staff or experiencing high demand, don’t expect quick service. Pre-approval can sometimes be given in just a few days, but it pays to allow extra time for full approval. If you’re working with a mortgage adviser, they will be able to indicate how long you might have to wait.
Working with a mortgage adviser is a shortcut to finding the best rate for your situation. Sometimes that could mean choosing the lowest interest rate available; however the best rate for you might be a slightly higher rate that’s fixed for longer. There are many things to consider, as you’ll discover in our article about finding the best mortgage interest rates in New Zealand.

The service offered by mortgage brokers, aka mortgage advisers, usually costs you nothing because they’re paid a commission by the lender you choose from the options they offer you. However, you might get hit with a fee if you work closely with an adviser, then make your own arrangements for borrowing. Read more about this in who pays a mortgage broker?

Talk to your mortgage adviser about the best approach. You can appeal a valuation if you think it’s incorrect or try another valuer. And if you made an offer that’s conditional to finance, there are various other options to explore. Read our article about what happens if a registered valuation isn’t high enough.

Working with a mortgage adviser is a shortcut to finding the best rate for your situation. Sometimes that could mean choosing the lowest interest rate available; however the best rate for you might be a slightly higher rate that’s fixed for longer. There are many things to consider, as you’ll discover in our article about finding the best mortgage interest rates in New Zealand.

The service offered by mortgage brokers, aka mortgage advisers, usually costs you nothing because they’re paid a commission by the lender you choose from the options they offer you. However, you might get hit with a fee if you work closely with an adviser, then make your own arrangements for borrowing. Read more about this in who pays a mortgage broker?

Talk to your mortgage adviser about the best approach. You can appeal a valuation if you think it’s incorrect or try another valuer. And if you made an offer that’s conditional to finance, there are various other options to explore. Read our article about what happens if a registered valuation isn’t high enough.

Essential reading for next home buyers.

What’s changed since you last bought a property? And what do you need reminding about? These articles and guides have been carefully curated to quickly bring you right up-to-date.

Check out the latest mortgage rates.

How you structure your home loan is often determined by interest rate trends. With our rates page, you can keep a sharp eye on current offers and compare lenders. The rates have been grouped into different lender types. You can also sort the entire list of options by rate.

Calculators to get you there.

Use our calculators to develop your home loan strategy for securing your next property. You can work out how much you could borrow and what your repayments might be. We also have a budget planner calculator, so you can fine tune your spending to ensure a happy balance between loan commitments and lifestyle needs.

Budgeting is the best way to steer your finances, stay in control and prepare for managing your mortgage.
Work out how much you could borrow based on some quick questions about your current financial situation
Get an estimate of what your repayments could be, based on your mortgage amount, term and interest rate.

Visit the Learning Centre.

Before you start talking to lenders or your mortgage adviser, brush up your knowledge about everything to do with home loans. Our Learning Centre has informative articles and guides relevant to every stage of the property buying cycle. They’re all written by expert authors, including independent economist Tony Alexander.
Today's Best Rates...
Term
Rate
Lender