Does the thought of buying your first home seem daunting? Our friendly mortgage advisers will support you every step of the way, helping you choose the right first home loan, guiding you through the application process and assisting with any paperwork. Best of all, our services are usually free, so get in touch with one of our first home specialists today
Your first step onto the property ladder can seem like a huge challenge, but with our depth of industry experience, we can help take the stress out of the process. Over the years, our team has arranged hundreds of mortgages for first home buyers and specialise in finding loan options that are uniquely tailored to your specific requirements, . Our friendly advisers will simplify the process of securing your first home loan, and in most cases, our services won’t cost you anything.
The total deposit required for first home buyers depends on a range of factors, including the purchase price of the property and the Reserve Bank of New Zealand’s current loan-to-value ratio (LVR) restrictions. While many lenders state that 20% of the properties purchase price is preferred as a first home deposit amount, the minimum required is often 10% for an existing property and can be as low as 5% for a new build home. Our team specialises arranging low deposit mortgages for first-time buyers, so even if you’ve already been declined by other lenders, get in touch to arrange a free, no-obligations meeting to see if we can help get you into your first home.
Have you been regularly contributing to your KiwiSaver for three or more years and have never owned a home? If so, you are likely eligible to be able to withdraw most of your savings to put toward your first home’s deposit. In most cases, you should be able to withdraw all of your money except for $1,000 which must remain in your KiwiSaver account. It is important to remember that there is no maximum income or purchase price for making a KiwiSaver withdrawal to put towards your deposit for a first home.
Find out what a mortgage might cost, what your scheduled repayments might be, or find a faster way to pay your home loan off with our mortgage repayment calculator.
Depending on your circumstances, you may be eligible to receive a New Zealand Government funded grant to put towards your first home. Whether you will qualify for the grant, and how much money you can receive depends on a range of factors related to the home you’re purchasing and your financial position. Some of these factors include whether you’re buying by yourself or with others, your dependants, how much income you and the other buyers earn, and whether you’re purchasing a new turn-key home or an existing property.
All of Personalised Mortgages’ advisers have at least a decade’s experience working in the finance industry, and we’ve helped hundreds of people get into their first home. Our team take the time to create long-lasting relationships, providing honest and down-to-earth advice for first home buyers that helps streamline the entire process. With strong relationships with over 20 of New Zealand’s leading mortgage lenders, we have the flexibility to choose from a wide selection of first home loan offers, proving competitive rates, and terms that are suited to your specific requirements. To arrange a free, no-obligations meeting to discuss how we can help you buy your first home, get in touch with one of our friendly and professional mortgage advisers today.
The best New Zealand bank for first home buyers depends on your specific financial position and loan requirements. Take the time to research the home loan offers and rates from all the major lenders, or to talk to a registered mortgage adviser to help find a loan that’s right for you.
A 20% minimum deposit is often quoted as being required to purchase a home, but the minimum deposit required for a first home in New Zealand is 10% for an existing property and in some cases 5% for a new build.
The amount of money you can receive from the First Home Grant scheme depends on several factors. These include whether you’re buying by yourself or with others, whether you have dependants, how much money you earn each year and whether you’re purchasing a new or existing property.