Thinking of buying a lifestyle block in New Zealand? The lending rules might surprise you.

For help with lending for a lifestyle block reach out to the team: https://www.advancedmortgagesolutions... In this episode of Mortgage Matters, Joel Sadler sits down with Advanced Mortgage Solutions founder Scott Miller to break down how lifestyle block lending works in NZ — and why it’s very different from buying a standard residential property. From deposit requirements to unexpected bank criteria, this episode covers the key risks and decisions that can make or break your purchase. Key topics covered: Why lifestyle block deposits can jump from 20% to 50% How land size affects lending classification (residential vs agri/business) Hidden bank rules — including road access (tar seal vs shingle) How distance from town can impact your loan Essential services: water (wells), sewer (septic systems), and compliance Building on lifestyle land — what lenders look for Adding sheds, minor dwellings, and granny flats Why declaring income-producing land use can change your loan type Real-world example: vineyard lending differences Why speaking to a mortgage adviser early is critical Scott also explains how easily buyers can fall into more expensive lending structures — and how to avoid costly mistakes before signing a contract. Whether you're dreaming of more space, a hobby farm, or a rural lifestyle, this episode will help you navigate the lending landscape with confidence. 📍 New Zealand mortgage advice | Nationwide service Talk to the team at Advanced Mortgage Solutions: https://www.advancedmortgagesolutions... 00:00 Welcome and Topic Intro 00:42 What Makes Lifestyle Lending Different 02:01 Buying vs Building Basics 03:20 Land Size and Deposit Rules 04:00 Shingle Roads and Other Odd Bank Rules 04:57 Distance to Town Impacts Deposits 06:25 Building Services Costs and Compliance 07:26 Sheds Granny Flats and Council Rules 09:31 Declaring Land Use Avoid Business Lending 10:50 Vineyard Example Residential vs Business Loan 12:33 Why Talk to an Advisor First 13:57 Closing