Support From Whanau
Exploring Whanau support for home ownership
If you find yourself in a position where you are just short of being able to purchase a home on your deposit or maximum lending alone, there are a variety of secure ways you may be able to purchase if you have whanau that are willing and able to support.
How can your whanau support your home ownership journey?
First Home Partner
Shared ownership, where the whanau’s share is gradually bought out over a set period of time.
Property Sharing
Shared ownership, where the property is jointly owned with whanau indefinitely.
Family Springboard
Full ownership, with joint loan with whanau to make up 15% difference between 5% deposit & 80% bank loan.
Gifted Funds
Funds from whanau towards the purchase that does not need to be repaid (not subject to any interest).
Acting as a Guarantor
Whanau guarantors are responsible for repayments if the main borrowers default.
Contact Carli to find out more