Mortgage Express Ngaruawahia

02/11/2022

Come along next Wednesday to our FREE First Home Buyers Planning Workshop in Huntly!
Kicking off at 5:30pm, come along to this interactive event and gain the knowledge and contacts needed to start your home-buying journey, no matter what stage you're at.
Register below:
https://forms.gle/z11FQpxq7aXfsZAc9

23/08/2022

Check out this 3 bedroom home at 2 Fairmont Street Ngaruawhia. Definitely a bargain at $529,000.

See Wendy Diamond for details.

Looking to get into the property market, either as a 1st home buyer or investor. This is a great little property at a fantastic price. Low maintenace brick, ...

15/06/2022

Work with a mortgage adviser who understands the current market and lending criteria, and can provide guidance and clarity every step of the way.

19/05/2022

Big moves for first home buyers 🙏👍

Big jump in some price caps for aspiring first home owners - but prices vary nationwide.

13/02/2022

Here's what you can do now to boslter your chances of success.

28/01/2022

🏠🔨HOME REPAIRS PROGRAM 2022

We have had a MASSIVE RESPONSE to the call for initial expressions of interest for the Home Repairs Program.

Thank you whaanau for your patience while we confirmed details and tribal member statuses from the EOI’s, we are pleased to say that it is now time for Step 2 in the application process!

If you haven’t received the email with the prompts to the eligibility form, then please head to our webpage to download, fill out and provide all the necessary documents.

There is also a question and answer section on the website as well.

✅ Here is the website address to download the form: https://waikatotainui.com/learn-post/housing/

✅ Here is the email to send your completed applications and any patai to: [email protected]

11/10/2021

Further details in this article.
But if you're interested in applying go to the kainga ora website to see if you eligible, and if you are you can apply online from there.
There are only two banks participating in this programme. Westpac and BNZ and they will have their lending criteria as well.

Kāinga Ora will co-buy homes with families struggling to save deposits.

05/10/2021

Some amazing news whaanau!
Now to find out all about it😁🙏😁

Kāinga Ora will now offer to co-buy healthy homes with families struggling to save deposits. That’s just one of the new housing opportunities our Government announced today, as we get on with the job of ensuring all whānau have a warm, dry, home and a secure future.

🌿 ‘First Home Partner’ sees first home buyers who can service a mortgage but need help raising their deposit, chip in a minimum of 5%, with Kāinga Ora investing up to 25​% of the purchase price or $200,000,​ whichever is lower.

This welcome news is boosted by more innovative ‘first home’ support for Iwi, Māori, as our Housing-related Ministers promised the National Māori Housing Conference back in March.

🌿 $400m - as a second round of funding - has through our Progressive Home Ownership Fund’s Provider pathway. The $400m pūtea will help up to 4,000 individuals and whānau buy their own homes - with backing the aspirations of Māori and households otherwise unable to buy key priorities.

🌿 To make the most of this opportunity, Te Au Taketake - which focuses on better housing outcomes for Māori, providing dedicated funding - is continuing to strengthen abilities of Iwi and Māori organisations to establish their own supported home buying options and support whānau Māori into home ownership.

All of these kaupapa not only add to our already extensive plan to tackle the housing crisis at every level, they further prove this Government is committed to working in partnership with Māori to do it. By combining our strengths, we can build more housing pathways that suit the needs of our people. Hoake tonu tātou.

This pic was recently taken at the Maori Housing conference and the korero had there with Māori was hugely progressive and now we are seeing the fruits

MORE: https://bit.ly/3mtrazL

27/06/2021

Kainga Whenua Loan information courtesy of Zack Makaore

Advice received from Kiwibank for Kainga Whenua loans & info:

"If you are looking to build on Māori land as a sole owner on a freehold Māori land title, then we would treat this like we do general land and can take security over the land to lend you the funds to build.
If you are building on multiply own Māori land The criteria is as follows: The criteria for the size of the house is highlighted in yellow for you and must be a minimum of 70 square metres.

Eligibility criteria for Kāinga Whenua loans

You need to be able to gain a licence to occupy the land you wish to build on
You will need to meet standard lending criteria, as well as the Kāinga Whenua criteria
Must be in the same job for a minimum of 12 months or the same industry for the past 2 years
Good account conduct (no defaults, no unarranged overdraft frees, no missed payments on any debts in the past 6 months)
Clear credit history (no outstanding defaults with Baycorp or Veda advantage)
Income vs debts
No deposit required for any borrowing under $200,000.
Any amount above $200k requires a 15% deposit .ie. $250k will require a 15% deposit on the amount of $50k = $7,500.
Deposit can be from KiwiSaver, genuine savings or gifted funds
If the borrower is able to provide an acceptable alternative security for the loan, the house does not have to be re-locatable. If alternative security is not available the house needs to be re-locatable.
The house you are planning to build, purchase or relocate must:
be built on piles
be one storey of at least 70 square metres
have reasonable road access
The land needs to be Māori land that can’t be mortgaged, and must be owned by multiple beneficial owners or have the land ownership vested in trustees of a trust or incorporation, created under Te Ture Whenua Maori Act 1993.
Land for social housing development received by iwi as part of their Treaty of Waitangi settlement is eligible for a Kainga Whenua loan.

Eligibility Criteria Broader

Previous home owners can now apply – the scheme has now been opened up to previous and current home owners. Previously Kāinga Whenua loans have been available only for first home buyers (or those in a similar financial position to first home buyers),
Only one borrower needs to live in the property – under the new rules, only one borrower needs to live full time in the house. This means that other members of the whanau, who won’t be living in the house, are able to contribute to the loan repayments.
There is no income cap
The scheme covers repairs and maintenance – Kāinga Whenua has been extended to allow loans for repairs and maintenance to existing homes on multiple-owned Māori land, in addition to loans for building, buying or re-locating homes on multiple-owned Māori land.
Māori trusts and/or Māori collectives that own land can now apply – the scheme has been expanded to allow lending for housing to Māori Land Trusts and/or other Māori collectives. Under the revised eligibility rules, land owning trusts will be able to access loan funds to build homes for tenanting or on-sale to beneficial owners of the land. Māori Land Trusts can register their interest in accessing Kāinga Whenua loans.
If the borrower is able to provide an acceptable alternative security for the loan, the house does not have to be re-locatable. If alternative security is not available the house needs to be re-locatable.


Licence to Occupy / Tripartite Agreement

The term, ‘licence to occupy’ means that it is a right to occupy the land, granted by owners of the land. This allows Housing New Zealand (as insurer of the loan) to take security over a house, which is a requirement of the loan. The Māori Land Court will register the Licence to Occupy against the land block.
The Licence to Occupy forms part of the Tripartite Agreement, which the owners of the land will be required to sign after the application has gained final loan approval from Kiwibank. Housing New Zealand will provide the Tripartite Agreement to the borrower with the loan documents. It is a good idea to gain approval from other land owners (or the trust, if one exists) early in the process.
*Kiwibank has no other involvement in this process. The borrower is not required to provide any evidence to Kiwibank that they have successfully gained agreement from the land owners for the borrower to occupy part of the land block.



To proceed with an application you will need to complete the Home Loan application and provide the following documents:

A signed and completed home loan application form (must be signed by all applicants)
The last 3 months of bank statements of your everyday account where your pay goes into and any other transact accounts not with Kiwibank (full statements including bank logo etc.)
Latest three statements for any credit card, hire purchase, personal loans out side Kiwibank etc.
Evidence of income: your last 3 payslips and a letter from your employer confirming your employment. If you are self-employed we will require 3 mos

27/06/2021

Breaking News!
ANZ cut their floating rate for new builds to 1.68% and up to $3,000 cash back.

ANZ follows ASB with a deeply discounted floating rate for home loans for new built houses, and it's cash back offer also applies for first home buyers and for homes with a 6+ Homestar rating

27/06/2021

Shux it's been a while since we've posted.

Well we're back, and as you know there's been so much happening in the housing space.

What's going on today 🤔

The First Home Grant - that's always interesting...good to see government is looking at more improvements...hope it's worth it!

Have a read...

Housing Minister Megan Woods says caps on the First Home Grant scheme might soon be indexed to house prices.