Shared ownership with YouOwn.
We call it shared ownership. It’s an easy and exciting option for first home buyers where we partner with you to purchase a new home. It gets you a foot on the property ladder with low deposit (as little as 5%) and the security of your own roof over your head, without the stresses of renting or anxiety as house prices continue to rise.
Features:
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No income cap
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YouOwn contributes up to 15% deposit
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You aim to buy YouOwns share out after five years
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Able to buy new or existing properties
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Available throughout New Zealand
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YouOwn plays a passive role
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No timeframe to buy equity share back
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No minimum income (but to buy a house, you generally need a combined household income of more than $150,000 to borrow enough with 5% deposit)
