KiwiSaver and low deposit options
As a first home buyer, you might want some extra support in getting onto the property ladder. The government, Housing New Zealand, Westpac, or your family, could chip in and help you on your way.
Buy a new home quicker, with KiwiSaver
KiwiSaver isn’t just for your retirement. You could also use it now, to help pay for your new home and set yourself up for the future.
As well as making regular contributions of your own, you could also qualify for contributions from the government and your employer. Then, once you’ve been in a KiwiSaver scheme for three years, and you’re eligible, you could withdraw most of your savings to put towards your first home.
You might also be eligible for a First Home Grant through Housing New Zealand of up to $10,000.
For more information have a look at the dedicated KiwiSaver section for first home buyers or call our KiwiSaver specialists on 0508 972 254.
Less than 20% deposit?
Getting a decent deposit together is a big ask. Fortunately, the answer might be easier than you think, with these low deposit options.
We’ve partnered with Housing New Zealand to offer First Home Loans. These are low deposit home loans designed to help you get into your first home. Check to see if you’re eligible.
Another route into home ownership is to share the love (and the loan) with your family.
If you have little or no deposit, your family could help by using their own home as security. This is called Family Springboard, and you can find out all the details here.
Your family could also provide a guarantee over your loan, or give you money towards the deposit.
And for a completely different idea, did you know that you might need as little as 10% deposit if you decide to build your first home? Just imagine: a brand new home, designed to suit you. If you like the sound of this approach, learn more here.
If you have any questions, get in touch with one of our Mobile Mortgage Managers.