Question 1

How much deposit do I actually need?

Accepted Answer

There is no single deposit that guarantees a loan. The deposit a lender may accept depends on its criteria, the property and your full application.

Question 2

Can I use my KiwiSaver?

Accepted Answer

You may be able to if you have been a KiwiSaver member for at least three years and meet the current rules. At least $1,000 must remain in your account. Your KiwiSaver provider handles the withdrawal process.

Question 3

How long does pre-approval take?

Accepted Answer

The timing varies by lender and by how complete the application is. Having recent income, expense, debt, deposit, identification and address information ready helps avoid delays. We will help you prepare the information your lender needs before you apply.

Question 4

How long does it last?

Accepted Answer

Pre-approval validity varies by lender. Current lender and Government guidance commonly refers to around 90 days or three months. We will help you confirm the relevant expiry date and the lender’s process if your approval needs to be reconsidered.

Question 5

Does it cost me anything to use an adviser?

Accepted Answer

Guardian Smith’s mortgage advice is provided at no direct adviser fee to you. Guardian Smith is remunerated by lenders, with the detail set out in its disclosure.

Question 6

What if I have been declined by my bank?

Accepted Answer

A decline does not automatically answer every lending question. An adviser can help you understand the information a lender considered and discuss whether another lender’s criteria or a different plan may be appropriate.

Question 7

What if I am self-employed?

Accepted Answer

Self-employed applications can need different evidence, such as business financials and tax information. The right preparation and lender choice depend on the way your income is earned and documented.

How much canyou actually borrow?

How much can
you actually borrow?