Kiwibank is again positioned to be the first-choice bank for KiwiBuild participants after the government announced a reset of the initiative this afternoon.
General Manager of borrowing and investments Chris Greig said: “Already our mortgage managers have been receiving customer enquiries. Provided customers meet ‘First Home Loan’ eligibility criteria and our affordability requirements we will be able to support customers with a 5% deposit from October 1, 2019.
“This change should provide a good boost for those working towards the goal of home ownership.
“Kiwibank is committed to making Kiwis better off and helping as many first-home buyers as possible.
“As a responsible lender we will continue to ensure that customers are able to afford proposed lending despite lower deposit requirements,” Mr Greig said.
Media enquiries contact: Kara Tait, Kiwibank External Communications Manager - 027 475 3521