We must say it was a very moving Memorial Service put together by New Zealand for the 29 men lost to the mine. Greymouth has stood tall in a time of loss. Our thoughts and prayers again go out to the whanau of all. NZ has the endurance to over come this adversity. Stand tall and strong. 
Tag: New Zealand
First Home Buyers – KiwiSaver
November 28, 2010
Great news, great news. Did you know -
If you or any of your clients are first home buyers and have been a member of Kiwisaver for 3 years you may be able to withdraw some of your Kiwisaver savings to put towards buying your first home.
You are not able to withdraw the $1,000 kick-start contribution.
Furthermore you may also be eligible for a first home subsidy.The subsidy is administered by Housing New Zealand and will be paid to your Conveyancing Practitioner or Solicitor on the settlement date.
To be eligible for the subsidy you must -
* Have contributed at least 2% of your income to a Kiwisaver scheme, or a complying superannuation scheme for at least 3 years.
* Be buying your first home.
* Be planning to live in the property for at least 6 months.
The subsidy is worth $1,000.00 for each year you’ve been contributing to Kiwisaver, up to a maximum of $5,000 for 5 years. Even better if your a couple buying a house together you both qualify for a subsidy and could receive a combined subsidy up to $10,000.00.
So what are you waiting for the property market is full of bargains for first home buyers.
For any further help or advice do not hesitate to contact your Industry Professionals. Property Conveyancing Services 0800 2 87878.
We would love to hear your feedback and comments
Early Release of Deposit
November 14, 2010
We are all aware of the requirement under the Terms of the Sales and Purchase Agreement is for the deposit to held in the Trust Account of the Real Estate Agent for a statutory 10 working days before it can be released. Given the current market in New Zealand both a Solicitor or Conveyancing Practitioner acting for a Purchaser first must obtain consent from the Purchaser for early release of the deposit, and secondly ensure they obtain the appropriate undertaking from the Vendor’s Solictor or Conveyancing Practitioner that the Vendor has sufficient funds to repay any debt to a mortgagee, outstanding rates or any other debt payable at settlement. Being proactive is the key. We look forward to any posts or comments you have.
Introducing Kainga Whenua Loan Housing New Zealand
September 16, 2010
Housing New Zealand and Kiwibank are working together to help Maori achieve home ownership on their multiple-owned ancestral land with the introduction of a new loan called Kainga Whenua.
If you have a right to live on multiple-owned Maori land (hold a license to occupy), a Kainga Whenua loan enables you to build, purchase or relocate a house on that land.
Kiwibank will approve and provide the loan, you will need to meet their standard lending criter1a as well as Kainga Whenua criteria. Housing New Zealand will provide lenders mortgage insurance to Kiwibank for the loan.
A Kainga Whenua loan is secured only against the house, not against the house and land as is the case with most home loans.
With a Kainga Whenua loan, Kiwibank can lend 100% of the house building costs or the purchase price of the house, upto $200,000.00 subject to conditions.
The conditions include obtaining a license to occupy the land, a valuation from a registered valuer and a satisfactory building contract. No deposit is required for a loan below $200,000.00.
Kainga Whenua loans are only available to those people who have no other access to finance to build or re-locate to or buy on their multiple-owned Maori land.
For further information about this loan please contact Housing New Zealand, Kiwibank or us for further information.
Comments and feed back welcome.
Land Information Fees rise 1st July 2010
May 18, 2010
Hi all just a quick blog to inform you effective from the 1st July 2010 the Land Information New Zealand has announced fees for registration and searches will increase.
Registration fees will increase from $37.00 per document to $51.00 per document.
Search fees will increase from $3.00 to $4.00 per search request.
It would appear the Government Departments are looking at ways to increase revenue in this economy.
Stay posted
