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Finance Options @pūtea

Options for first-time home buyers

Buying your first home may be your greatest investment. That’s why the Government have developed several initiatives aimed at making the process easier for first-time home buyers. There’s plenty of help and advice out there once you start looking.

 

Redcoats Finance

 
Redcoats Finance can assist in securing the best finance deal to suit your needs. They’ll assess your situation and facilitate the best financial deal from a range of lenders. Redcoats finance offer ongoing support and advice and can aid you in securing the funds to purchase your new home.
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Contact Andrew Mackenzie, our in-house Mortgage Broker.
 
Phone: 04 570 3060
Mobile: 021 0228 8995
Email: [email protected]
 

KiwiSaver

 
KiwiSaver offers you the following features to help you into home ownership:

    • First home saving withdrawal – after a minimum of three years’ membership in a KiwiSaver scheme, you may be able to withdraw your savings, employer contribution and all returns (interest etc). Government contributions are not paid out in the first-home withdrawal (this includes the $1,000 kick-start, if you received one when you first joined).
    • First home deposit subsidy – you can apply for the deposit subsidy if you have belonged and have regularly contributed to a KiwiSaver scheme, complying fund or exempt employer scheme for at least three years. Under KiwiSaver HomeStart, buyers are eligible for $6,000* after three years, $8,000* after four years, and $10,000* after 5 years for the purchase of a newly-built home.
    • To be eligible for a KiwiSaver HomeStart Loan, your combined household income for the last 12 months must have been $85,000 or less (before tax) if you are the sole borrower. If you are partnering with one or more borrowers to buy a house, then you can have a combined household income of up to $130,000 (before tax).

    Our Client Portal

    Real Time Access To View Progress on Your Build

    Building a new home is an exciting and important endeavor, and Friday Homes wants the process to be as smooth and enjoyable as possible. That is why we provide each of our clients with access to a secure website with all of the details of their project.

    Whether you are at home, at work, on the road, or on vacation, Friday Homes puts information at your fingertips about your selections, upgrades, financial decisions, questions, documents, photos, and more.