Our residential property lawyers are skilled at guiding first home buyers through the purchase of your first home. There are a multitude of factors to consider, and processes that you need to understand – and things can go wrong, and deals can fall over if you don’t understand these at the outset.
We identify first home buyers at the beginning of our relationship with you – and we will answer all your questions and provide extra support throughout the process for no extra cost.
We can help you understand the different aspects of financing your first home purchase – from gifts from parents, loans from parents, parents as guarantors, KiwiSaver withdrawals, Kainga Ora FirstHome Grants, Kainga Ora FirstHome Loans, mortgages -including finance with the main banks or 2nd tier lenders – and whether you need a Contracting Out Agreement or Property Sharing Agreement to protect you (or your parents’) financial contributions.
We will help you understand the type of property you are buying – fee simple, unit title, strata title, cross lease, leasehold and the implications – your obligations and restrictions. We’ll explain the property title and any restrictions attached – covenants, easements etc. We will explain the LIM report and what the implications are.
If you get us involved early in the transaction we can review the documentation BEFORE you buy – we provide a pre-purchase review and a pre-auction review, providing advice on conditions that should be added or red flags we have identified so that there are no nasty surprises after you sign on the dotted line.
We will keep you informed throughout the process, and remind you when legal requirements are due.
Contact one of our friendly team today for help with:
- Reviewing and advising on an Agreement for Sale & Purchase
- Advise on clauses in the Agreement for Sale & Purchase
- Reviewing the Terms & Conditions of Auction
- Reviewing and advising on the title
- Property Sharing agreements & Contracting Out agreements
- KiwiSaver Withdrawals & HomeStart Grants
- Loans & gifts from parents/relatives
- Mortgage documentation