PHOTO: TOM LEE/STUFF – ASB is offering aspiring Kiwibuild buyers mortgages with a deposit as low as 5 per cent.
ASB has offered aspiring home owners through the Government’s KiwiBuild programme a tasty carrot – a 95 per cent mortgage.
The bank announced on Friday that it was offering pre-approvals to eligible customers with a deposit as low as 5 per cent of the property’s price, on a KiwiBuild property.
The bank was also offering a $2500 cash contribution to KiwiBuild customers to “take away a layer of expense” such as legal fees or a property valuation, said the bank’s acting executive general manager of retail banking, Claire McKinnon.
Last month Kiwibank announced it would offer 90 per cent mortgages to Kiwibuild clients and contribute $2000 towards moving or legal expenses.
READ MORE: Kiwibank’s 90 per cent KiwiBuild mortgages
READ MORE VIA STUFF