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