Feature article
10 stages to secure your home purchase
Check off each of these steps to buy your first house.
AI summary
Buying a home involves several key stages. After going unconditional, you'll pay the deposit to the seller's solicitor and work to meet the bank's lending conditions. It's vital to apply for your KiwiSaver withdrawal early, as this can take time.
Next, decide on your mortgage structure and consider a relationship property agreement if buying with others. Before settlement, conduct a final inspection, sign loan documents, and arrange mandatory home and contents insurance to secure your lending.
Step 1: Paying the deposit
Step 2: Meeting the bank’s conditions
Step 3: KiwiSaver withdrawal
Step 4: Mortgage structure and pricing
Step 5: Relationship property agreement
Step 6: Pre-settlement inspection
Step 7: Bank onboarding
Step 8: Signing loan docs
Step 9: Home and contents insurance
Step 10: Personal
Financial Disclaimer
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