Welcome home loans used
Housing minister Chris Carter says more than 3000 people have accessed the government’s Welcome Home Loan scheme.
Saturday, November 3rd 2007, 12:00AM
by The Landlord
The scheme launched four years ago means that Housing NZ underwrites private bank loans to people who have little or no deposit but who have income to service the loan.
A household can borrow $200,000 without a deposit and can borrow up to a maximum of $280,000.
The scheme has been criticised for its slow uptake but Carter says the rate of two families a day is a fantastic result in a difficult market for first homebuyers.
| « Property investors refocus on cash flow | Free Investment Property Showcase Events: Auckland, Wellington and Christchurch » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
