Do you need a little more savings for your first new home loan with a low deposit? A KiwiSaver HomeStart grant or KiwiSaver First Home Savings Withdrawal can help you buy your own first or new home and add to your deposit. If you have been contributing to KiwiSaver for 3 years you may be eligible to withdraw some of your KiwiSaver savings.

Key points to be eligible for a KiwiSaver First Home savings withdrawal include:

• Being a KiwSaver member for 3 or more years or a member of a complying fund
• You are buying your first home, to live in, and not as an investment property

It is important though to be aware that if you are considering withdrawing funds from your KiwiSaver account this may impact your long-term savings plan. This must be discussed with your investment adviser as KiwiSaver is an investment product, and the financial advisers and team at First Rate Mortgages Ltd are not able to provide advice on investments.

If you are a first home buyer and need to increase your deposit, and think you may be eligible for a KiwiSaver HomeStart grant or withdrawal, then contact one of our experienced and friendly team today. We aim to take the stress out of buying your first home and point you in the right direction for KiwiSaver advice.

NOTE: This website is operated by First Rate Mortgages Limited and is not endorsed by, or affiliated with, the New Zealand government or Inland Revenue. First Rate Mortgages Limited is using the KiwiSaver trade mark and logo under licence from Inland Revenue. To view the official New Zealand government KiwiSaver website, please click here .

“The process of using kiwi saver and the home start grant was complicated at times and I would have found it overwhelming without Amanda's support. She guided me through each step of the process and kept me up to date the whole way through. She was easy to contact and so helpful. Couldn't have done it without her!”

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