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 home deposit even if you've owned property before, via a second chance withdrawal. This is for those in a similar financial position to a first-home buyer.
To be eligible, you must:
- Meet standard withdrawal criteria
- No longer own any property
- Have ‘realisable assets’ below a specific cap
The process requires applying to your KiwiSaver provider and getting a financial assessment from Kāinga Ora. Ensure a longer settlement period 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
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