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

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