Rethink Group Can Help With Pre-approved Financing For a Kiwibuild Home

The Labour government’s vaunted Kiwibuild scheme is continuing to be a ‘hot topic’, due in some part to the many unknowns around how to get pre-approved to enter the ballot. The word is that KiwiBuild could prove to be a lottery giving some first-home buyers a financial headstart in life, leaving others lagging in their wake.

The ballot is open for buyers who want to purchase some of the first KiwiBuild homes to come to the market, and nearly 30,000 people have registered in Auckland alone. To buy a KiwiBuild home you need to check your eligibility, pre-qualify and then enter a ballot, and the Ministry of Housing & Development suggest you first register with them to receive KiwiBuild updates, including when homes become available.

The good news is that Rethink Group can get you pre-approved for financing a Kiwibuild home, with a 5% deposit, as well as get a $2,500 cash contribution to help with valuation and legal fees when purchasing a Kiwibuild property, substantially paving the way through this rather convoluted process.

First-time buyers and ‘second chancers’ can apply online to the KiwiBuild Unit to determine if they are eligible to enter a ballot to purchase a KiwiBuild home, and to complete your application, you will need to include the following documents:

Proof of residency

Proof of income

Statutory declaration signed by an authorised person (e.g. a Justice of the Peace or lawyer)

Financial pre-approval from a bank or other lender

This last requirement is where Rethink Group come in. If you’re wondering what you can afford, the kind of deposit needed, whether you can get help from family, whether you get a loan even if you have bad credit, or what the difference is between fixed and floating rates – they have all the answers and are there to help.

Rethink Group offer special products to help you achieve your dream of owning a home, and will help you understand the changes in loan-to-value restrictions and what this may mean for you and your first home mortgage (and how they get better rates from the Bank). For more information on mortgage brokers in Auckland, first home buyers, KiwiSaver Home Start Grant, debt consolidation loans and home loans please visit their website at https://rethinkgroup.co.nz .