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International Mortgage Question

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    International Mortgage Question

    Hi All,

    I own a rental property in NZ.

    I live and work here and am domiciled here.

    I have approx 45% equity in the rental property (i.e the mortgage is 55% of the current value of the property).

    Is it a viable option to transfer the mortgage here? The reason being, that believe it or not, the interest rates in NZ are higher by 2.5%. And its a pain sending money back and losing out on the exchange rates!.

    I am planning to ask this Q to my bank (i have HSBC accounts in both countries), but was wondering what people have to say here.

    cheers,

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