Young couple embracing in front of new home

Buying Your First Home

We know buying your first home is a big deal. While we might not come and pack your boxes for you, we love helping people through the process.

What to expect when buying your first home with NZHL

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Personalised
Service

We’ll help you navigate the home loan process, and keep supporting you for the life of your loan.

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Financial Freedom,
Faster

Get ahead quicker and you could achieve your financial goals with our smart home loan structure.

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Tools to Monitor
Your Progress

Plan, monitor and review your progress every step of the way with our DebtNav tool.

Icon representing two people talking

Personalised
Service

We’ll help you navigate the home loan process, and keep supporting you for the life of your loan.

Icon of clock showing debt calculation

Financial Freedom,
Faster

Get ahead quicker and you could achieve your financial goals with our smart home loan structure.

Icon representing graphical tools

Tools to Monitor
Your Progress

Plan, monitor and review your progress every step of the way with our DebtNav tool.

Meet Billy & Amelia

On track to reduce their mortgage term by 18 years

Watch how NZHL has helped Billy & Amelia fulfil their investment property goals while still having a parent at home with the kids.

See more client stories here

Frequently Asked Questions

What is channelling and why is it important?

The key to NZHL’s smart home loan structure lies in what we call channelling. This is where your income and savings are channelled through your home loan account to reduce your daily interest costs.

How much deposit do I need?

First home buyers need a deposit of at least 5%, with 20% or more being the optimum. Remember that this can be made up from a KiwiSaver first home withdrawal, and some first home buyers may also be eligible for a Kainga Ora First Home Loan.

What other costs do I need to factor in?

As well as a deposit, below is some guidance on other costs to consider:

  • Legal fees – these can vary depending on how complicated the sale and purchase process is.
  • Builder’s report – fees vary, shop around but ensure you’ve got someone reputable.
  • LIM report – usually between $200 and $400 although some sellers may provide this information up front to buyers.
  • Registered valuation – a valuation may be required in order to confirm your finance, expect to pay extra for this.
  • Moving costs.
Can I withdrawal my Kiwisaver?

KiwiSaver advise that in order to withdraw from your KiwiSaver account you must:

  • Be purchasing your first home;
  • Have been a member of KiwiSaver for a minimum of three years;
  • Have your KiwiSaver account with a KiwiSaver provider that allows saving withdrawals;
  • Intend to live in the property for at least six months

We recommend that you contact your KiwiSaver provider and check their individual policy on withdrawals for first homes. If you are eligible to withdraw money from your KiwiSaver, you may also be eligible for a first home grant of up to $10,000 per person from Kainga Ora.

Why does the size of my deposit matter?

Generally speaking the bigger your deposit the better, as this can effect your interest rate and other fees. Not to mention the lifespan of your loan.
That said everyone has to start somewhere – so your best bet is to get in touch with an NZHL consultant today.

Thinking of a sustainable power source?

An NZHL Sustainable Energy Loan can make it easier for you to get a solar, small wind or mini hydro power system for your home. You can add it to a NZHL home loan to pay for an approved renewable energy system and we’ll contribute up to $2,000 towards the cost.

Man on roof installing solar panels
See how much you could save on your mortgage with our home loan comparison calculator.
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