Celebrating 25 Years of Scoop
Home loans a progressive step
1 August 2003
Jim Anderton MP, Progressive Leader
Home loans a progressive step
A pilot scheme to provide deposits for people to buy their own homes through a Kiwibank mortgage guaranteed by a Government scheme is an important step in restablishing home ownership for people on modest incomes, says Jim Anderton.
“Features like not needing a deposit if the house is valued under $100,000 and a 5 per cent deposit for homes over $100,000 is an excellent option for people unable to afford the deposit on a house.
“Kiwibank has given the people of New Zealand significantly more banking options including lower fees through competition, lower interest rates, more branches and the choice to invest in a bank where the profits stay in New Zealand,” said Jim Anderton.
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