Owner occupier time

Question from Mark updated on 16th March 2017:

Is there a minimum time that I have to live in a property myself (paying 20% deposit) before I can move and rent the place out?

Our expert Kris Pedersen responded:

I don’t believe there is anything formally stated but the generally accepted opinion for your situation is six months.

Kris Pedersen of Kris Pedersen Mortgages is a commentator on property and finance. His team sources top finance strategies. www.krispedersen.co.nz

SBS Construction lending for FHB	3.94%
AIA - Back My Build	4.44%
CFML 321 Loans	4.99%
Co-operative Bank - Owner Occ	5.95%
Co-operative Bank - Standard	5.95%
Heartland Bank - Online	5.99%
Pepper Money Prime	6.29%
Kiwibank	6.35%
Kiwibank - Offset	6.35%
TSB Special	6.39%
ASB Bank	6.44%

SBS FirstHome Combo	4.29%
Unity First Home Buyer special	4.29%
China Construction Bank	4.85%
Co-operative Bank - First Home Special	4.85%
ICBC	4.85%
AIA - Go Home Loans	4.89%
ASB Bank	4.89%
BNZ - Std	4.89%
Kainga Ora	4.89%
Kiwibank Special	4.89%
TSB Special	4.89%