If you’ve found a home that you are interested in buying, it’s time to get your KiwiBuild application together.
Getting pre-approved for KiwiBuild
Getting pre-approved for KiwiBuild confirms that you meet the eligibility criteria requirements and will be the process move faster when it comes to finalising your home purchase. To complete this process, you will need to:
- Create a KiwiBuild account to begin your application
- Upload your eligibility documents
- Submit your pre-approval application to the KiwiBuild team
Your pre-approval will last for six months following a successful application. You will be reminded to update your details if it is getting close to expiry.
If you have found a KiwiBuild home you are interested in now, you can sign a conditional Sale and Purchase Agreement straight away, but you will need to successfully complete the KiwiBuild eligibility application process before the sale can be finalised.
We recommend seeking independent legal advice before you enter into a Sale and Purchase Agreement.
Preparing your eligibility documents
To prove that you are eligible for KiwiBuild, we will need to see:
- proof of residency (a certified copy of your passport, visa status, New Zealand birth certificate or citizenship certificate)
- proof of income (an IRD Summary of Earnings for the last 12 months).
If you are self-employed, you must provide one of the following as proof of income:
- an IRD Individual Income Tax Return for the most recent tax year; or
- an IRD Individual Tax Return prepared by an accountant (if your Individual Income Tax Return is unavailable); or
- an IRD Summary of Earnings for the most recent tax year (if you have not been self-employed for the full tax year).
You will need to certify your documents and sign the KiwiBuild Statutory Declaration in front of an authorised person. This declares that the information you submit to KiwiBuild is accurate and genuine.
An authorised person can be your lawyer, notary public or Justice of the Peace.
Getting your finances sorted
Just like any home purchase, you will need to provide a deposit and prove to a bank or financial institution that you are able to service the mortgage on a home.
The specific details around your deposit amount, mortgage value and repayment options are something to discuss with your bank, mortgage broker or financial advisor.
If you meet the relevant criteria, you may also be able to use:
KiwiSaver First Home Withdrawal
If you have been a member of KiwiSaver for three years, you may be able to withdraw savings from your fund to put toward the deposit on your first home.
First Home Grant
If you have been making regular contributions to your KiwiSaver fund for at least three years, you may be eligible for a First Home Grant from Kāinga Ora to contribute toward your home deposit.
First Home Loan
If you are able to service the mortgage repayments on a home but are having trouble putting together the deposit, you may be able to apply for a First Home Loan from Kāinga Ora to finance your mortgage with a 5% deposit.
KiwiBuild does not administer these financial products. Please refer to all eligibility information with their providers to check if they are applicable for you.