About The Co-Ownership Housing Opportunity
- Co-Ownership gives you the opportunity to buy the house at an affordable price and be on the home ownership ladder.
- You purchase a 75% share of the property, Co-Own invests the other 25% of the purchase price.
- You get all the benefits of ownership without having to fund the entire purchase price.
- Your house is on its own title.
- There is a charge for the co-ownership share, this is payable monthly and does not change for five years
- You buy what you can afford now and the rest when you are able to.
Criteria For Co-Ownership Housing:
- Combined household income of $110,000+
- Deposit from savings and/or KiwiSaver of at least 5% of the purchase price.
- Be a New Zealand Citizen or Permanent Resident.
- Have a clean credit history.
- Little or no debt (less than $5,000)
- Comfortable with repayments on a mortgage of $500,000 or greater (we can help you determine if you are able to should you decide to proceed with the opportunity).
- Be buying the property to live in.
How this 2-bed terrace home in Overlea, Tamaki could work as a Co-Own home:
- First Home Buyer’s Deposit: $38,000
- Co-Ownership Investment: $212,500
- First Home Buyer’s Mortgage: $595,000
Register Your Interest By Completing The Below Form: