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Thread: Kiwi Saver question

  1. #1
    Join Date
    Mar 2014
    New Zealand

    Default Kiwi Saver question

    Hi we are just in the process of buying a turn key. We want to use our kiwisaver however no one can seem to answer the following question.
    If we are first time buyer in New Zealand but previously owned in the UK and sold it do we have to request eligibility from housing Nz ? Of does it mean previously owned here. We lost on our property in the UK and on my have 78k towards the 135k despot therefore we need to use our kiwisaver .

    Anyone know this answer ?

  2. #2
    Join Date
    Aug 2013
    NZ - From UK


    I don't know the answer to your question, but I'd say your best bet is to get in touch with a mortgage broker, they will be able to give you guidance on this.

    From what I gather, it's about what the bank can see on paper; I have friends who bought as a couple but the house is only in one of thier names using one of their kiwisaver - the other will then use their kiwisaver as a first time buyer to buy a second property. Technically there will be no record of previous borrowing in NZ I'd guess that you'd be fine to purchase as a first time buyer....

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