Buying guide
Second chance Kiwisaver: Buying your second home
Even if you’ve previously owned a home you may still be able to use your Kiwisaver for a deposit
AI summary
You may be able to use your KiwiSaver for a deposit even if you've owned a home before, via a second chance withdrawal. This is for previous owners now in a similar financial position to a first-home buyer.
Eligibility requires meeting standard criteria, no longer owning property, and having realisable assets below a specific cap. The process involves applying to your KiwiSaver provider and getting a financial position assessment from Kāinga Ora. Plan for a longer settlement to allow for processing.
Are you eligible to use your Kiwisaver for your second home?
Applying for a second chance Kiwisaver withdrawal is easy.
Applying for a second chance Kiwisaver withdrawal
Receiving the funds
Author
Discover More
The mystery carved into an Auckland cottage door frame 128 years ago
A historic Onehunga cottage hides a mysterious 1898 message among its original features.
‘Smashed up and broken by vandals’: The man who brought Oamaru’s grand old hotel back to life
A 140-year-old Oamaru hotel has been painstakingly restored after years of neglect, vandalism and changing uses.
Search
Other articles you might like
