Frequently Asked Questions
Got questions about mortgages? We've got answers.
Turnkey is straightforward — you pay an initial deposit (usually ~10%), then the remaining 90% once the house receives its Code of Compliance certificate.
Progress payment contracts involve more steps. Your approval covers the entire project, then funds are released in stages as payments come due — section purchase, foundations, framing, and so on.
It depends on the type of property, whether it's owner-occupied or investment, and whether you're a first home buyer. Deposits range from 5% under the First Home Loan scheme up to 40% for investors. Talk to one of the team to find out what applies to you.
KiwiSaver is available for first home buyers or second-chance buyers who meet the criteria. We can walk you through whether you qualify and how to apply for the withdrawal.
Our team assesses your current and future financial situation to determine borrowing capacity. This is based on your income and outgoing commitments — every situation is different, so it's important we understand yours fully.
Beyond the purchase price, expect solicitor/conveyancing costs, valuation costs, builder's reports and other expert property reports. It pays to invest in proper due diligence to avoid hidden costs later.
Generally, we won't charge you any fees. On settlement, we receive a commission from the lender.
We may charge a one-off fee if we don't receive commission from the lender, or if a lender claws back commission because the loan is repaid within 28 months. Any fee is agreed in writing in advance and capped at $2,500 (plus GST).