Feature article
10 stages to secure your home purchase
Check off each of these steps to buy your first house.
AI summary
Buying your first home involves several key stages, from paying the deposit to settlement. Key steps include meeting your bank's conditions, applying for your KiwiSaver withdrawal early (allow 10+ working days), and structuring your mortgage.
It's also crucial to conduct a pre-settlement inspection and arrange home insurance before settlement. If buying with a partner, consider a relationship property agreement. Your solicitor and mortgage adviser are essential guides throughout this process, helping you sign loan documents and navigate each stage.
Step 1: Paying the deposit
Step 2: Meeting the bank’s conditions
Step 3: KiwiSaver withdrawal
Step 4: Mortgage structure and pricing
Step 5: Relationship property agreement
Step 6: Pre-settlement inspection
Step 7: Bank onboarding
Step 8: Signing loan docs
Step 9: Home and contents insurance
Step 10: Personal
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