Buying guide
Alternative homeownership: Support for low deposit buyers
Learn about schemes designed to help low deposit buyers get on the property ladder.
6 June 2023
AI summary
Struggling with a house deposit? Several alternative homeownership schemes can help you get on the property ladder. These programmes support low-deposit buyers, often through a shared ownership model where a partner contributes to your purchase.
Key options include:
- Kāinga Ora First Home Partner
- NZ Housing Foundation shared ownership
- YouOwn shared ownership
- Squirrel Launchpad home loan
Each scheme has unique eligibility criteria regarding income, deposit, and property type, so it's essential to research which one best suits your circumstances.
Here are some schemes available for low deposit buyers in New Zealand:
The Kāinga Ora First Home Partner scheme
Only certain homes are eligible for the First Home Partner Scheme.
New Zealand Housing Foundation shared ownership
YouOwn shared ownership
Squirrel Launchpad home loan for those high on income, low on deposit
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