RNZ reports Kāinga Ora’s First Home Loan insurance premium will rise from 0.5% to 1.2% on applications from July 1, 2025, as the government ends its contribution under Budget 2025—saving $17.9 million annually. The scheme allows first-home buyers to purchase with just a 5% deposit, bypassing standard LVR restrictions and often avoiding low-equity fees. The premium hike means a $550,000 loan’s cost could rise from $2,750 to $6,600, either paid upfront or added to the mortgage. Though the change was poorly communicated, Jeremy Andrews of Key Mortgages says the scheme remains valuable due to one-off fees and flexible approval options.
Key Mortgages comments with Tony Alexander and TMM Online the prospect of whether rising interest rates and global tensions are prompting a more cautious approach from buyers. Is mortgage demand softening as households take time to reassess affordability and market conditions?
NZ Banks are offering cash incentives to retain existing home loan clients. Jeremy of Key Mortgages summarizes with NZ Herald, whether to switch or stay depends on factors like break fees, equity, and overall costs. We can help and negotiate with your current bank to find which is the smarter move.
Key Mortgages recently joined Ryan Bridge on Newstalk ZB, to discuss the recent jump in mortgage rates and what it means for Kiwi borrowers.
Key Mortgages shares details with Good Returns how expanded low-deposit lending options may help eligible first home buyers enter the market sooner and with better pricing
As featured in Stuff, buying property with friends or family can improve affordability, but clear agreements and proper structure are essential.
Banks and Mortgages advisers discuss with New Zealand Herald, why home loan approvals may take longer as lenders apply more detailed affordability checks and tighter financial assessments.
.svg)
.svg)
