GET YOUR PRE-APPROVAL SOONER RATHER THAN LATER FOR KIWIBUILD

Source: http://www.mbie.govt.nz/info-services/kiwibuild  

Drive through Otahuhu today and it will look completely different compared to twenty years ago...

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With KiwiBuild’s pre-qualification stage due to open in the next few weeks, getting pre-approval from the bank is crucial to ensure you are prepared and first in line. While the Ministry of Business, Innovation and Employment (MBIE) says there’s no rush to complete the qualification stage, MBIE already received 35,496 registrations with people registering their interest in KiwiBuild, with 22,891 of those coming from Auckland.

“The first ballot will be in Auckland and we’ll be providing you with more information on that shortly”, says MBIE.

To be eligible to enter a ballot in the KiwiBuild scheme you must meet the following criteria:

  • First-home buyer or a ‘second chancer’
  • Single applicants must have a household income of less than $120,000 (the cap is $180,000 for more than one purchaser)
  • New Zealand permanent resident or citizen, or ordinarily resident
  • Intend to live in the home for a minimum period of three years

If you would like to get in touch with a mortgage broker at no cost to you for an initial chat, then please contact Julie on 021 894 071.

While KiwiBuild provides affordable homes to first buyers, there are also a number of properties on the market today that are affordable for Aucklander’s struggling to jump on the property ladder. Visit www.masonsquare.co.nz as an example of a reputable affordable development built to the highest standards.