First Home Buyers

1st Home Buyer

Getting into your first home is an exciting time! There is a lot of help around to help you when looking at your new purchase. Top ups from Kiwisaver, Welcome Home Loans. A common question we get at the moment is do I need to have a 20% deposit? It is easier than ever to get into your first home and we make sure that the process is smooth and you are getting the best deal.

Lending Restrictions

On the 1st of October 2013 the Reserve Bank introduced a number of lending restrictions that mostly affected 1st home buyers. The largest hurdle was the requirement of a 20% deposit. This was highly publicized (incorrectly) and put many 1st home buyers off trying to buy their first dream home.

BUT, there is good news! You were only told half the story! What you weren’t told was there are many lending options that require much less than a 20% deposit. For example, a Nest home loan specialist could help you into your dream home with as little as a 5-10% deposit!

Other questions we can help you answer may be

  • What is the best lender?
  • Can I afford this house?
  • How much deposit do I need?
  • What other costs are involved with owning a house?

The best thing to do is give us a call on 0800 337 426 to see what you can be approved for and then its time to go shopping!

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