Look before you leap out of your KiwiSaver Investment

Mar 16, 2020 12:47:09 PM

Many clients planning to utilise some of the investment in KiwiSaver to buy their first home have seen, over last few months, a drastic reduction in the KiwiSaver investment balances. This has created a lot of attention amongst first home buyers. The purpose of this communication is to quickly and briefly explain what is happening and what may be the best course of action in the current situation.

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Topics: Kiwisaver, First Home Buyer, Low Deposit, Home Loan Application, Kiwisaver withdrawal

5% deposits for first-home buyers

Sep 27, 2019 8:08:00 AM

Recent changes to KiwiBuild could help more first home buyers into the property market. Early in September 2019, Government announced a reset of the affordable housing policy including a drop in the deposit requirements for Welcome Home Loans, progressive home ownership schemes, and the removal of the earnings limit so multiple buyers could be eligible for combined HomeStart Grants.

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Topics: First Home, NZ Finance, First Home Buyer, NZ Mortgage Adviser, Low Deposit, Home Loan Advice

Buying a home with a small deposit

May 10, 2019 7:50:00 AM

If you’re struggling to save a deposit to buy a property, you may be wondering what your options are. Should you keep saving and potentially miss out on a bargain or optimal buying conditions in the market, or do you push ahead and apply for a mortgage with a small deposit? While it’s not easy securing a mortgage with a small deposit, it is certainly possible. Here are three ways to do this.

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Topics: LMI, nz mortgage, NZ Mortgage Adviser, Low Deposit, Home Loan Advice, Low Doc Home Loan, Mortgage Advice

Improve your chances of a low deposit home loan

Jun 12, 2018 3:29:10 PM

Earlier this year (2018), the Reserve Bank of New Zealand increased the cap from 10 to 15 per cent for banks’ lending to home buyers with a deposit of less than 20 per cent. How has this change impacted first home buyers? And what should you be doing to improve your chances of a low deposit home loan? Read on to find out.

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Topics: Mortgages, Home Loan, Bad credit, NZ Mortgage Adviser, Low Deposit