PHOTO: 123RF – The scheme is aimed at owner-occupiers.
BNZ is preparing to launch a scheme that will help first-home buyers into houses – in return for a slice of the equity.
The shared ownership programme, involving an as-yet-unnamed third party, will not launch until next year.
If people identify a house they want to buy, they will be apply to the bank for a mortgage for part of the price. BNZ gave the example of buyers with the deposit and ability to service a loan for 85 per cent of a property.
READ MORE VIA STUFF
[advanced_iframe src=”//www.facebook.com/plugins/post.php?href=https%3A%2F%2Fwww.facebook.com%2FPropertyNoiseNZ%2Fposts%2F1948492015270853&width=500″ width=”100%” height=”600″]