The Reserve Bank of New Zealand recently announced changes to the regulations that may make it easier for first home buyers: they have eased loan-to-value restrictions on new mortgage lending by banks. From 1 January 2019, up to 20 percent of new mortgage loans to owner occupiers can have deposits of less than 20 percent. This is up from 15 percent previously. This is good news for first home buyers as most have less than a 20 percent deposit.

For most first home buyers KiwiSaver is a great way to save for your first home. We’ve put together some useful tips to make the most of KiwiSaver – including how to qualify for a grant from the Government of up to $10,000. You can find them here.

You may also need mortgage finance and insurance for your new home. MAS has partnered with Westpac to give our Members access to special lending rates and we have nearly 100 years of experience in providing general insurance. Did you know we have been voted the Consumer NZ’s People’s Choice general insurer for the past three years?

If you’d like to arrange a meeting with a MAS adviser, you can find their contact details here. Our advisers aren’t paid commission and as a benefit of membership their advice comes at no extra cost to you.


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