heavyusr: What reports did you guys ask the owner to provide before you purchased your house?
I know about the LIM report but are there any others like infrared reports on whether the house has any leaks?
PaulBrislen: I tried to use a mortgage broker from Mike Pero Mortgages but he seemed disinclined to actually do anything. Seriously, we told him what we were up to and what we were looking for and he went away and... many weeks later I emailed him and he told me he was waiting on additional information from us. What? First I'd heard - what did he need. He never responded.
I went on Twitter and asked the banks to get in touch and ASB, Kiwi and BNZ were on the line in minutes, all offering better rates than were advertised in public.
FYI generally the vendor doesn't provide these (although more vendors are providing LIMs these days). You get these done at your cost, not the vendors.
A LIM is a must have IMO as is some form of building inspection. It's money very well spent.
All-in-all, I'd say use a broker if you are unsure or don't want to negotiate with the banks yourselves, or if you are a specail customer (self-employed, discharged bankrupt etc.)