Mortgage-free rental
Leanne asks:
(updated on Wednesday, June 17th 2020)
As part of a marital split I received a rental property which has no mortgage on it. Is it wise to rent out a property that has no mortgage?
Our Experts Answer:
There is no issue here about renting this out at all. But I would recommend having a good chat to a property accountant to see if they have any recommendations on how best you should structure this.
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| ICBC | 4.25 |
| SBS FirstHome Combo | 4.29 |
| Co-operative Bank - First Home Special | 4.35 |
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| Co-operative Bank - Owner Occ | 4.45 |
| ASB Bank | 4.49 |
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| SBS Bank Special | 4.99 |
| Westpac Special | 4.99 |
| ICBC | 4.99 |
| BNZ - Std | 4.99 |
| AIA - Go Home Loans | 5.15 |
| ASB Bank | 5.15 |
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| ANZ | 5.39 |
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| Kiwibank | 5.65 |
| ANZ | 5.69 |

