your first home

a warm welcome from SBS Bank

There’s no better feeling than getting the keys to your very first home - being able to stamp your own mark and fulfill your dreams for the future.  SBS Bank is a Welcome Home Loan lender. The Welcome Home Loan, supported by Housing New Zealand Corporation is an initiative to make access to home ownership even easier for everyday New Zealanders.

Welcome Home Loan benefits:

» You can borrow up to 90% of property value – that means a deposit of only 10%.
» We'll give you a $1,000 cash bonus.
» With SBS Bank you pay no application fee.
» To be eligible you must have an individual income of less than $85,000 or a combined income of less than $130,000 - effective Monday 1 August 2016.
» You must live in the home.


For more information please visit the Housing New Zealand website by clicking here.



KiwiSaver first home withdrawal

You may be eligible to withdraw all your KiwiSaver savings (except for the $1,000 government kick-start). 


KiwiSaver Home Start grant

buying an existing house:

» You could get up to $1,000 for each year you have contributed to KiwiSaver 
» Maximum of $5,000 for an individual borrower ($10,000 for two borrowers) 

buying a new house:

» You could get up to $2,000 for each year you have contributed to KiwiSaver 
» Maximum of $10,000 for an individual borrower ($20,000 for two borrowers)


Welcome Home Loan

Further information on the KiwiSaver Home Start Grant and the First Home withdrawal can be found at kiwisaver.govt.nz 


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important information

First Home Offer Terms and Conditions apply. Requires primary source of income paid into a SBS Bank transactional account. Welcome Home Loan lending and eligibility criteria along with Standard Contract Terms for Welcome Home Loans apply. 1% HNZC premium fee applies. Additional fees and charges may also apply. Welcome Home Loans are for owner-occupied homes only, are supported by Housing New Zealand Corporation and owners must not own any other property. Copies of our Standard Contract Terms for term Welcome Home Loans and Credit Fees and Charges are available on request and free of charge from any branch of SBS Bank or at sbsbank.co.nz.

 

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important information

This calculator is a useful tool to provide you with information about how much you could borrow, based on the accuracy of the information entered. This calculator does not constitute an offer of finance. While any assumptions used in this calculation are reasonable, they are subject to limitations. The calculations do not take into account any future changes (such as changes to taxation or interest rates, or changes in your personal financial circumstances), do not constitute a personalised financial adviser service under the Financial Advisers Act 2008 and are not intended to be relied on for making a decision in relation to a financial product. We recommend that you consider obtaining advice from a financial adviser before making any financial decisions. Please contact SBS Bank on 0800 727 2265 for more information.

 
A copy of the current Southland Building Society (SBS Bank) Disclosure Statement along with our Term Investment Terms & Conditions and QFE Adviser Disclosure Statement are available on request and free of charge from any branch or agency of SBS Bank or on this website
© Southland Building Society, 2016