Attention First Home Buyers - New assistance announced
Are you a first home buyer struggling to breach the gap between the purchase price of a home and how much your bank will lend you?
If so, you may qualify for the new government initiative where their housing agency Kainga Ora will take a shared ownership of a property with you in order to help you purchase your first home.
Kainga Ora will contribute up to $200,000.00 provided you can contribute 5% of the purchase price, have a joint household income of no more than $130,000.00 and can meet your banks’ lending criteria.
You then have the opportunity to buy out Kainga Ora’s equity in the property over time.
If you would like to learn more about this assistance scheme please contact one of TODD & WALKER Law’s Property Team professionals on either 03 441 2743 or via [email protected].