Helping you into your first home
Buying your first home is likely to be your biggest purchase yet, and can be a daunting process. We’re here to help you understand every angle, every step of the way.
Your step-by-step guide to buying a home
If you’re confused about the ins and outs of buying a home, you’re not alone. We’ve put together a handy timeline that explains each stage of the process, from saving for your deposit to settlement.
Start by getting your deposit together
As a first home buyer, it’s important to know about saving your deposit, and how LVR will affect how much you’ll be able to borrow.
Saving for your first home
There are several things to consider when you’re thinking about buying a house – what size deposit you’ll need, how you’ll save for your deposit, and how you’ll afford your ongoing home loan repayments.
Loan to Value Ratio
The Loan to Value ratio (LVR) is the amount of your home loan compared to the value of your property. As a first home buyer, there are different restrictions depending on whether you have a 20% deposit or less, which will affect how much you can borrow.
Choose a rate and loan to suit your lifestyle
Our best fixed rates on our Classic, no fuss home loan. Great for those who like the certainty of knowing exactly how much each regular repayment will be, for the fixed term of the loan^.
KiwiSaver could help you buy your first home sooner
If you’re already a BNZ KiwiSaver Scheme member, you can request an estimate of the funds you have available to withdraw to buy your first home.
Not a member of BNZ KiwiSaver Scheme? Find out how to join or transfer your KiwiSaver fund.
Make an informed decision
How much you could borrow
Work out how much you might be able to borrow based on the size of your deposit, your current income and expenses.
Work out your repayments
Finding out what your mortgage repayments might be can help when budgeting for and choosing a home.
Pay it off faster
Work out how much you might be able to save on interest, and off the overall length of your loan with a TotalMoney home loan.
Home loans help and support
All home loans are subject to our lending criteria (including minimum equity requirements), terms and fees. Interest rates are subject to change. An establishment fee of up to $400 may apply for personal lending (the fee may be different for non-personal lending). Not for business purposes.
BNZ Investment Services Limited, a wholly owned subsidiary of BNZ, is the Issuer and Manager of the BNZ KiwiSaver Scheme. Download a copy of the BNZ KiwiSaver Scheme Product Disclosure Statement PDF 1.7MB, or pick up a copy from a BNZ store.
Investments made in the BNZ KiwiSaver Scheme do not represent deposits or other liabilities of BNZ or any other member of the National Australia Bank Limited group, and are subject to investment risk, including possible delays in repayment and loss of income and principal invested. None of BNZ, any other member of the National Australia Bank Limited group, the Supervisor, any director of any of them, the Crown or any other person guarantees (either fully or in part) the performance or returns of the BNZ KiwiSaver Scheme or the repayment of capital.
Rates subject to change without notice.
Classic fixed rates are only available when you have at least 20% equity in the property provided as security. This rate is not available for some investor lending. For residential property investors, more equity may also be required where Reserve Bank minimum equity restrictions apply. A BNZ transactional account with your salary or wages credited and one other product is required. A ratelock break fee and early repayment charges may apply. Some packaged offers may not apply to this rate.
Fly Buys terms and conditions apply. BNZ (and its related companies) do not guarantee the redemption of Fly Buys or that Fly Buys will continue to be offered for products or services provided by them. The BNZ Fly Buys home loan is also known as the BNZ Standard Home Loan. Fly Buys collection rates can change without notice.
Terms and conditions and early repayment charges may apply.