We call it co-ownership. It’s an easy and exciting option for first home buyers where we partner with you to purchase a home. It gets you a foot on the property ladder and the confidence of your own roof over your head, without the stresses of renting or anxiety as house prices continue to rise.
It’s simple. You buy a portion of the property you can afford now, and we help with the rest. You pay a charge on our portion and after five years, you can buy our share when you are able to. With our help it really is possible to step into your own home today and create the future of your dreams.
Check out our eligibility criteria to see if YouOwn is right for you, then register your interest by completing our simple online application.
If you’re eligible, we’ll contact you to discuss your ownership plans and explain our process. We’ll introduce you to a bank in the YouOwn programme and help you to obtain a home loan.
Together, we sign the sale and purchase agreement as co-owners and pay the builder or vendor a deposit. We sign a legal agreement that specifies our joint rights and obligations.
We help you complete documentation to withdraw any KiwiSaver funds and you sign the loan documents with the bank.
The balance of the purchase price is paid, the bank issues a mortgage over the property and you move in!
“The communication was great, the whole process was easy.”
“Our kids are saying, this is our forever home. And they’re right.”
“The YouOwn programme helped us to overcome the challenges we were facing to buy our first home.”