Feature article
10 stages to secure your home purchase
Check off each of these steps to buy your first house.
AI summary
Securing your home purchase involves key financial and legal steps. After paying the deposit, you must meet the bank's conditions, which can include a valuation. Organise your KiwiSaver withdrawal early and decide on a mortgage structure.
A relationship property agreement is vital if buying with others. Conduct a pre-settlement inspection and sign loan documents with your solicitor. Finally, secure mandatory home insurance and consider personal insurance before the settlement is complete.
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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