Your Guide to Buying Your First Home 

Buying your first home can feel overwhelming, but breaking it down into simple steps makes the process much smoother. Here’s a user-friendly guide to help you navigate your journey with confidence. 

Step 1: Get Started 

Before diving into house hunting, it’s a great idea to connect with a mortgage advisor to understand your borrowing power and explore the support available to you. The friendly team at Boost Brokers offers no-obligation advice and has access to a wide range of banks and lenders, ensuring you get the best deal possible. 

Step 2: Plan 

Your home-buying journey starts with a conversation. Whether in person, over the phone, or online, we’ll discuss your current financial situation, future goals, and any questions you have. This is your chance to explore your options and gain clarity on the next steps. 

Step 3: Gather Information 

After our initial chat, you’ll need to gather the required documents for your mortgage application. We’ll guide you through exactly what’s needed based on your circumstances, making the process straightforward and stress-free. 

Step 4: Assess & Apply 

Once we have all your information, we’ll compile your application and submit it to the bank. This includes our calculations, detailed diary notes, and a full financial overview to present your strongest case for approval. 

Step 5: House Hunting & Making an Offer 

With your finances in order, you can start looking at properties. There’s more to finding the right home than just price—location, property condition, and future potential all play a role. We’ll guide you through key considerations and the offer process to ensure you make an informed decision. 

Step 6: Legal & Loan Structuring 

Once you've found the perfect home, we’ll work with lenders to secure the best loan structure and interest rates for you. It’s essential to have a lawyer review the sale and purchase agreement before signing, as buying a home is a significant financial commitment. Choosing a lawyer you trust will ensure everything is in order before settlement. 

Step 7: Ongoing Support 

Your mortgage journey doesn’t end once you’ve bought your home! Each time your fixed rate is up for renewal, we’ll review your mortgage and provide tailored advice on market trends, competitive rates, and any adjustments that may benefit you. Our goal is to support you throughout the lifetime of your loan, ensuring you continue to get the best deal. 

Why Choose Boost Brokers? 

Using Boost Brokers when buying your first home makes the process smoother and less stressful. Our advisors have access to a wide range of lenders and mortgage products, allowing us to find the best rates and terms tailored to your unique financial situation. 

We simplify the paperwork, guide you through the approval process, and help you avoid common pitfalls. Plus, our expertise can save you time and potentially thousands of dollars, ensuring you make a well-informed decision on one of the biggest purchases of your life. With us by your side, you’ll have the support, knowledge, and confidence to secure the right home loan for your needs. 

 

  • If you’ve been in KiwiSaver for at least 3 years, you may be able to use most of your savings to help buy your first home. You’ll need to leave at least $1,000 in your KiwiSaver account, and you can’t withdraw any funds transferred from an Australian super fund. The money is usually paid directly to your solicitor around settlement.

    You may be eligible if:

    • You’ve been in KiwiSaver for 3 years or more

    • You’re buying your first home or land in New Zealand

    • You plan to live in the home you’re buying or building

    • You haven’t used a KiwiSaver first-home withdrawal before

    Previous homeowners may also qualify if:

    • You haven’t used your KiwiSaver to buy a home before

    • You’ve been in KiwiSaver for at least 3 years

    • You no longer own any property (excluding Māori land)

    • Your assets are below 20% of the house price cap for your region

  • The First Home Loan, supported by Kāinga Ora, helps more Kiwis get into their first home with a smaller deposit—just 5% in most cases. It's available through selected lenders and designed for eligible buyers who might otherwise struggle with the usual 20% deposit requirement. Income and house price caps apply, and you’ll need to live in the home you're buying. It’s a great step forward for first-home buyers ready to take the leap.

  • Buying a home involves more than just the deposit and purchase price. Be prepared for extra costs like legal fees, building inspections, LIM reports, mortgage setup fees, and home insurance. You may also need to budget for moving costs, ongoing maintenance, and council rates. Factoring these into your budget early helps you avoid surprises and stay financially secure as a new homeowner.