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

Here are a few of our rates and home loan types, in a little more detail. Compare all home loans^.

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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^.

Find out more
See all Classic fixed rates
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For those who want flexibility and Fly Buys points^. Make extra or lump sum repayments on a floating rate, and you may also be able to make some additional repayments per year on a fixed rate^.  

Find out more
See all Standard/Fly Buys rates
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Save on interest with a floating loan that takes the combined balances of your TotalMoney everyday and savings accounts and subtracts them from the total owing on your TotalMoney loan^.

Find out more
See all floating rates

KiwiSaver could help you buy your first home sooner

If you’re planning to build or buy your first home in the next three to five years, our BNZ KiwiSaver Scheme First Home Buyer Fund could help get you there quicker. 

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.   

Request an estimate

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.

Small Print

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. 

  1. Rates subject to change without notice.

  2. 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.

  3. 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.

  4. Terms and conditions and early repayment charges may apply.

  5. TotalMoney Terms and Conditions apply.

Read our full home loans terms and conditions