Buying guide
Rent to own: The first time buyers guide
Can’t quite get a mortgage? There might be another way
AI summary
Rent-to-own schemes offer a pathway to homeownership for Kiwis struggling to save a large deposit or secure a mortgage. These programs let you rent a home for a set period, typically five years, with an exclusive option to buy it afterwards.
Benefits often include lower rent, financial coaching, and deposit assistance, sometimes using a share of the home's capital gains. Eligibility is usually for first-home buyers within specific income thresholds. Always check specific provider terms before applying.
Rent to own explained
How does rent to own work in NZ?
Rent to buy schemes can be a great way to get into a stable home sooner.
Am I eligible for rent to own NZ?
Your rent to own FAQs answered
1. Would I get a share of the property's value growth?
2. Would my rent go towards your deposit or fees?
Rent to own schemes can make it easier to save a deposit.
3. What happens if property prices go down?
4. Will the provider help me buy?
5. Can I get a mortgage?
6. What if I want to leave and not buy the home?
Top rent to own providers in NZ
Do your homework before applying to a rent to buy scheme.
Keen to apply for a rent to own scheme?
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