With AffordAssist your home ownership journey could be achieved by:
You:
5%*
AffordAssist Deferred Deposit:
10%
1st Mortgage Loan:
85%
Property Purchase Price:
100%
* Where possible, the cash deposit may be sourced from your KiwiSaver account.
AffordAssist is suitable for applicants:
1. Have income but not the full-cash deposit.
2. Have the full-cash deposit — Cash is king, and you may want to keep some. Receive two approval options.
3. Struggling to settle on a property — Can’t bridge the gap. Consider the AffordAssist Deposit Certificate solution.
Together
An AffordAssist accredited mortgage broker will work with you to obtain a first mortgage loan.
Reduce mortgage stress
A Home Loan with an AffordAssist Deferred Deposit can reduce mortgage stress by reducing the loan amount and thousands on interest payments.
AffordAssist
Intending Purchasers apply to AffordAssist for a “Deferred Deposit Agreement” (DDA).
The DDA is an arrangement where purchasers typically pay 10% of the purchase price over typically 60 equal monthly instalments, without interest.
This is achieved via an arrangement with the approved developers whereby they defer receipt of 10% of the purchase price over a 5-year term, again without the developer receiving any interest.
The AffordAssist Deposit Solution complies with the requirements of the Credit Contracts and Consumer Finance Act 2003 (CCCFA).
Selecting a Property
AffordAssist is building new relationships with developer partners and licensed real estate agents showcasing properties available to purchase with our Deferred Deposit Solution. Please contact us for details on Approved properties presently available to purchase.
AffordAssist team can also help explain how to purchase with our Deferred Deposit Solution to your preferred developer and or licensed real estate agent.
Once a property is selected, approval from AffordAssist is confirmed and a 1st mortgage loan approval is obtained, you can then proceed to settlement.
Full Legal Ownership
At settlement of your purchase you become the proprietors of the property.
Pay the deferred amount, No Interest, 'Periodically’ within 60 months.
The AffordAssist program isn’t a shared equity or ‘rent-to-buy’ scheme!
Customer Care
Owning your own home can be one of the most rewarding life experiences, made much easier with the right team on your side.
The AffordAssist governance and service process are in place for the protection and interest of all stakeholders. Includes accredited professionals who understand AffordAssist to ensure your successful property purchase.
Right through the entire service process you are assisted by a dedicated AffordAssist customer care team member.
AffordAssist will initially determine your eligibility for the AffordAssist program, with one form to complete.
Contact us
Book a short 10-15 minute Explain Service call, how AffordAssist may work for you.