Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Kiwibank positioned as first-choice bank for KiwiBuild reset

Kiwibank positioned to be first-choice bank for KiwiBuild reset

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.

*Kiwibank Limited terms and conditions (including lending criteria), fees and charges apply.


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Official Cash Rate Unchanged At 1 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment remains around its maximum sustainable level while inflation remains below the 2 percent target mid-point but within our target range... More>>

ALSO:

Food Prices: Avocados At Lowest Price In Almost Three Years

Avocados are at their cheapest average price since February 2017, with tomato, lettuce, and cucumber prices also falling, Stats NZ said today. More>>

Auckland Port Move: Cabinet Ministers Deliberate On Report

Cabinet ministers now have a copy of a report urging the government to move the Auckland port up north, but say no final decisions have been made. More>>

ALSO:

Toxicology Tests Planned: Dead Rats Washed Up On Beaches

As many as 600 rats washed up on Westport's North Beach over the weekend to the horror of locals. DOC said they may have been killed by a recent 1080 poison drop 140km away and washed down the Buller River after heavy rain battered the coast. More>>

ALSO: