Good news as YouOwn expands the options for first home buyers.
Since Kainga Ora closed up the First Home Partners shared home ownership scheme, the only major player left is YouOwn.
The issue that YouOwn has had is the inability to access bank finance, with most customers having to go with non-bank finance to use the shared home ownership scheme.
The good news is they have now expanded.
YouOwn expands and has now got more advisors offering bank finance with the shared home ownership scheme. Not a lot more – but there are now a few more advisors that are accredited and can start offering this.
Stuart Wills at Mortgage Managers is one of those first to be approved.
Stuart was instrumental in promoting the Kainga Ora First Home Loan Scheme, predominantly through the Kiwi First Home Buyers Facebook group which he started over 12-years ago – a group that has grown into one of the largest support networks for first home buyers in New Zealand with approx 150,000 members.
You will no doubt see more about YouOwn now that it is competitive again.
It is a real option now for people that have a 5% deposit, and when you crunch the numbers it does really stack up.
This is a short video that explains how YouOwn works to help first home buyers.
They offer a shared home option that makes it easier to own your own home sooner.
Some of the experts, such as Stuart Wills, can help explain what the real costs, the pros and cons and how to implement this to get yourself into your first home.
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