KaingaOraSharedPartnershipScheme

FirstHomePartner,iswhenKāingaOramakeafinancialcontribution topurchaseandshareownershipofahome...

Thisschemeappliestoexistingbrand-newhomesbuiltortobebuilt(turn-keydeals)

TheKaingaOraamountistoberepaidtoKaingaOrainterestfreeoverthenext15years. Theincomecapforthelast12monthsearningsforahouseholdis$130,000. Clientsmusthaveeitherofthefollowing.

• NZresidency

• NZpermanent residency

• NZCitizenship Process

• Clients apply to Kainga Ora Shared Partnership Scheme and get preapproval

• Next, Clients are qualified by the bank for the maximum amount of lending that the bank can approve them for.

• Then, clients put in their deposit from Savings, Kiwisavers, Subsidy and Gifts.

• Then, Kainga Ora put in the remaining amount up to $200,000 for the purchase of the property, or up to 25% of the purchase price (whichever is lower)

Clientsmustownandliveinthepropertyforaminimumof3years.

Exampleofa$1,000,000property

A coupleearning$65,000salaryeachwithnodebtsorchildrenapply (notethe$130,000 incomecap).

Basedonanaveragecostofliving(asat03/05/2023) thiscouplecanafford $730,000 inlending.

Theyhave$70,000 fromsavingsandKiwisaver.

KaingaOrawillputin$200,000 equity.

Meaningtheycanbuyahomeofaround$1,000,000.

ForcompletedetailsContact:

KaingaOraorchecktheirwebsite Phone:0508935266

Email:firsthome.enquiries@kaingaora.govt.nz

IIt’srareinlifethatwegetsomethingfornothingwithnostringsattached,especiallyif itgenuinelyaddsvalue.Nevertheless,that’spreciselywhatIwillgiveyou.

Expert home loan advice which has reliably proven to offer significant long-term financial advantage. Keeping strict tabs on the country’s largest network of banks and numerous smaller second-tier lenders, so you don’thaveto.

What’s more, this comes at no cost to you because your chosen bank pays for the privilege.You have nothing to lose,yet have a higher chance of securing better terms. Rest assured - if there’s a superior deal out there for you, I’ll findit.

Inthe typicallystoicalworld offinance,we offera point ofdifference.Not onlywillyou receive excellent independent and impartial advice, but you’llhave fun doing it. Even after 15 years in the mortgage arena, our enthusiasm for objectives and commitment to clients shines through at every turn. Endorsement comes from countless glowing testimonials and Keith's own words: “We are at our happiest helping people navigate through difficultsituations,giving hope and concrete opportunity where they previously hadnone.”

Since 2002, I have helped countless clients achieve their goals and dreams, either purchasing their firsthome, their next or buildinga forever home, or to arrangefinanceto acquire an investment property or asset finance.Annually, I will also review your existing lending, loan structure or assist with debt consolidation.Being solutionfocused to obtain the ‘best outcomes financially’ and deliveringthe ‘most suitable solutions’foryour financialsituation,is whatdrives me. No matter what age or stage you are, working alongside my team, we willrepresent you and your situation honestly, with integrity and professionalism. Check out my Google reviews. I look forward to journeyingonthispathwithyou.

KeithJones MortgageAdviser

021849767

keith.jones@loanmarket.co.nz