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? Alternative homeownership schemes can help you get on the property ladder in New Zealand.
Options like Kāinga Ora First Home Partner, NZ Housing Foundation, and YouOwn offer shared ownership, where they co-purchase a home with you. Another is the Squirrel Launchpad loan for high-income, low-deposit buyers. Most require a minimum 5% deposit and have specific eligibility criteria. You then buy out the partner's share over time to achieve full ownership.
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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