Residential property investment
Whether you’re new to property investment or a seasoned investor, get the support of our dedicated property specialists.
July 2016 changes to loan-to-value ratio (LVR) restrictions
We’ve made changes to the LVR restrictions following a proposal by the Reserve Bank of New Zealand in July 2016.
This means from July 2016, we’ll no longer be able to approve loans for residential investment properties if you have less than a 40% deposit, unless the loan falls within an exemption. Contact our Property Investment team to talk through your options.
How we do it
A dedicated and personal team
Unlike other banks, we have a dedicated residential property investment team who solely work with property investors.
Our team is available 7:30am-7:00pm, Mon-Fri. We also have mobile bankers who are available for extended hours.
We cover New Zealand
Our property specialists cover the whole of New Zealand.
Expert advice for investors
Our specialists understand the unique demands of property investment. With your goals in mind, we can help you fine-tune your investment plan and choose the finance solution that’s best for you — and we’re happy to work seamlessly with your lawyer and accountant.
Education and research
Our products and deals
Loans that could save you money
With TotalMoney,^ a variable offsetting home loan, you might be able to use the money in your rent, maintenance and transaction accounts to save money on interest. Calculate what you could save with TotalMoney
Optional landlord insurance protection can be purchased with PremierCare Home Insurance.^ Our optional landlord’s protection for your rental includes cover for contents, intentional damage tenants may cause, and loss of rent if the tenants leave without notice or tenants need to be evicted for non-payment of rent.
A credit card at a home loan rate
If you have a BNZ home loan, you may also qualify for a HomeAdvantage MasterCard^ for your personal use, giving you a credit card at a floating mortgage rate. (Minimum 25% equity required on home loan.)
Flexible and quick applications
Quick turn around time
Loans of up to $1 million can be approved by our property investment team within 48 hours.^
We recognise 80% rental income
We recognise 80% of your rental income when completing your lending application. Lending is also available on apartments, properties under construction, leasehold and lifestyle properties and terraced housing.^
Contact our team
Get in touch with our dedicated residential property investment team by:
- requesting a callback
- calling us on 0800 269 009
- contacting one of our Auckland mobile bankers.
Auckland mobile bankers
Request a call back
Compare home loan rates, fees and benefits
View and compare all of our home loans and choose the one that's right for you.
All home loans are subject to our lending criteria (including minimum equity requirements), terms and fees. Interest rates are subject to change. An establishment fee of up to $400 may apply for personal lending (the fee may be different for non-personal lending). Not for business purposes.
Cover under PremierCare Home Insurance is subject to the terms, conditions and exclusions contained in the Policy Document and Schedule. PremierCare Home Insurance is underwritten by the insurer, IAG New Zealand Limited (IAG NZ). BNZ does not guarantee the obligations of IAG NZ. BNZ arranges PremierCare Home Insurance as an agent for IAG NZ and receives a commission on any policies arranged through it. BNZ’s Qualifying Financial Entity Disclosure Statement may be obtained from any BNZ store or Partners Centre, or viewed on BNZ’s website bnz.co.nz.
A BNZ transactional account with your main income direct credited is required. Not for business purposes. Terms and fees apply. Credit card interest rate is BNZ’s Standard/Fly Buys variable home loan interest rate. Rate subject to change. MasterCard and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated.
Account opening and lending criteria apply. 48 hours applies to business days only and provided all required information is supplied.
Normal lending criteria applies. Restrictions may apply to some security types and will be subject to the Bank's valuation criteria.