Why buy?

Buying your first home is one of life's major milestones - no more landlord, no more property manager, no more rent rises. You get to move in and stay put! It's a fantastic feeling and a major responsibility.

Paying for your home.


Your deposit

Buying your new home will firstly consist of the deposit you have available. This is ideally 20% or more, although it's also possible to buy with a lower deposit, depending on your circumstances. You pay the vendor (seller) some of this money when you reach an unconditional agreement for sale (via your lawyer).

Your home loan

Secondly, you'll need to be approved for a home loan (mortgage) for the remaining cost of the house - remember, the bigger your deposit, the smaller the loan, and vice versa. You 'service' your loan regularly, paying it back over a number of years. The bank looks carefully at what you earn and spend when we calculate how much you can borrow.

What you need to apply.

Applying for a home loan requires a little homework. We have mapped out the key steps you'll need to take.


Find the best option for you with our home loan calculators.

Get in touch.

Meet with an expert

Our Mobile Mortgage Managers can come to you, when it suits you best.

Find a Mobile Mortgage Manager

Talk to us

Call us any time from 8am - 6pm weekdays, 9am - 3pm Saturday.

Call 0800 177 277

Visit us

Make an appointment to talk to a home loan expert in branch.

Find your nearest branch

Things you should know.

1 The information aboveis subject to changes in government policy and law, and changes to the Westpac KiwiSaver Scheme, from time to time. 

Conditional approval requires a credit check and confirmation of the details provided in your application. Other conditions may also apply depending on the nature of your application.

3 Standard transaction fees may apply.

Westpac's home loan lending criteria and terms and conditions apply. An establishment charge may apply. A low equity margin may apply. An additional fee or higher interest rate may apply to home loans if the application is accepted but does not meet the standard lending criteria.