Apartment Funding


As the Swaffield Apartments are 46m2 they fall into standard lending security in a number of New Zealand Banks.


The banks will lend up to 85% on owner occupied apartments and 70% if these apartments are residential rentals*.


An example for Owner Occupiers:


Purchase Price: $550,000                             $450,000

                                                                      Equity Required: $82,500                               $67,500                                                                           

( This can be from personal Savings, Kiwisaver, Gift or parental support)


  Loan Amount: $467,500                            $382,500

                Interest Rate: 2.5% (lowest)

         Term: 30 years

       Repayment: $430 per week                         $350 per week


Combined or single Income Required to meet bank criteria:

               $90,000                    $85,000


(*NB Rental Property advice will need to be dealt with by Angela Peters whose details are below)

For personalized Financial Advice please register your interest or contact.

Angela Peters

Registered Financial Advisor



Construction to be completed September 2020

Swaffield Apartments | 90 Swaffield Road, Papatoetoe, Middlemore, Auckland, New Zealand

DISCLAIMER: All renders are representations for marketing purposes only and may be subject to change