Low Deposit Home Loan Versus Co-Ownership Home Loan The challenge of putting together a deposit for your first home is a daunting one.  With the house prices where they are it can seem like an impossible task to get to a target of around 20%. This is where first home buyers start to look at their options for obtaining a home loan.  Be it a low deposit home loan, teaming up with friends or getting a gift from parents. Low deposit loans can help lower the deposit hurdle We’ve spoken about Low Deposit Loans before here as a good option for first home buyers.  A low deposit loan cou ..read more

What does it take to get a low deposit loan? One of the top questions we get from first home buyers is “How much deposit do I need?” The answer is entirely dependent on your situation, if you have favourable circumstances, a low deposit loan could be possible. While the days of 5% home loans are mostly a thing of the past, the banks do have the ability to offer low deposit loans.  This is as long as the applicant can meet certain standards. Here are our tips for giving yourself the best chance of obtaining a low deposit loan. 1. Have excellent credit history If you’ve had recent ..read more

Check You’re Sorted Before Signing A Sale And Purchase Agreement The Sale and Purchase Agreement can be a daunting document for first home buyers.  That is why we always strongly recommend first home buyers seek independent legal advice from a lawyer before making an offer. Here, Nick Kearney of Schnauer & Co. has provided seven tips that can help ensure you’re sorted before signing an agreement to buy a property. 1. Auction or General listing? Act quickly This matters because if it’s going to auction, you generally have a short timeframe to conduct all of your inv ..read more

Creative Options For First Home Buyers Despite this it is not all doom and gloom.  There are still options for first home buyers, they may just need to be more open-minded in relation to buying their first house. Being creative can create options not previously considered, such as: The post 5 Creative Ways To Get Into Your First Home appeared first on The First Home Buyers Club, New Zealand ..read more

First Home Buyer’s Special Release Urban Collective, the developer of the Wonder Apartments is committed to helping first home buyers with a chance to own their own home. So, with that in mind, they have reserved 10 First Home Grant eligible apartments strictly for first home buyers.  However, this is only for a limited time before they are released to the general public on the 20th of August. 1 Bedroom apartments from $685,000 To register your interest, get in touch with the sales team: wonder@urbanco.nz 0800 217 838 www.wonderapartments.nz The post Wonder Apartmen ..read more

So you’ve managed to save a sizable deposit, now you’re ready to go to the next stage of getting a home loan Pre-Approval.  Here’s our top tips for getting yourself ready for a mortgage. The post 7 tips for preparing for your first home mortgage. appeared first on The First Home Buyers Club, New Zealand ..read more

For first home buyers, saving a deposit is a major hurdle to on the road to homeownership. So here we’ve put together 6 tips to encourage you with your deposit saving challenge. 1. Know what you’re aiming for. Knowing how much of a deposit you’ll need is one of the first steps to saving for a deposit.  Knowing what you’re aiming for helps you to focus on the goal.   The ideal deposit is 20%, so for a $700,000 home, that is $140,000.  Now that is a big number that can be discouraging.  But don’t let it put you off.  Luckily, there is the option of low deposit ..read more

Make use of the lockdown to work towards your first home With New Zealanders getting adjusted to the new norm under the Covid-19 lockdown, many will be thinking about what this means for a pre-Covid plans.  You might be wondering where to now with your first home-buying plans. Situations like this can throw a spanner in the works of your plans.  However, our advice is always to focus on what you can control and plan based on that.  Here are our suggestions for what you can work on during the lockdown: 1. Focus on the positives In these uncertain and unsettled times, it is import ..read more

Results From The First Home Buyer Confidence Survey: April 2020 The First Home Buyers Club recently conducted it’s First Home Buyer Confidence Survey canvassing its membership to get an indication of the confidence level of first home buyers to own their own home. The key question was “How confident are you of buying your first home in the next 3 years?” The Impact Of Covid-19 Lockdown On First Home Buyer Confidence Due to the current Covid-19 lockdown, we also took the opportunity to ask two additional questions to get feedback on what impact first home buyers felt the lockdown would ha ..read more

FIRST HOME BUYER OPTIONS AT ALFRISTON ROAD, MANUREWA EAST FROM $629,000 – $759,000 | 2 & 3 BEDROOM DUPLEX AND STANDALONE HOUSES These homes are designed with an emphasis on functional style, built with modern contemporary finishing and quality construction, including insulation and double glazing for your comfort. Key Features: • Architecturally designed duplex and stand-alone homes. • 10 year Master Builder Warranty • Schools: Manurewa East Primary, Randwick Park Primary, Alfriston College • 10-minute drive to Manukau Westfield Shopping Centre • Ideal for first home buyers • Some units e ..read more