If you’re interested in co-ownership with us, you probably have a few questions about the process. We’ve provided answers to some of the more common questions we get asked below.

Entry Qualifications

YouOwn is a private programme and there is no income cap or eligibility criteria specified by the government.

You may rent this property if your circumstances change.

You need at least 5% of the purchase price of the house. You may be eligible to withdraw some savings from your KiwiSaver if this is your first home. Check with your KiwiSaver provider.

With houses priced in the range of $600,000 to $1m Auckland you're likely to need to be able to borrow around $550,000. For a couple this requires an income of at least $120,000 per annum but may vary depending on other expenses and debt you have.

Purchase Process

The programme is for new houses and apartments supplied by recognised building companies.

The builder sets the price of the house. YouOwn buys 15% to 25% with you so you will need 75% to 85% from your deposit and home loan.

We can put you in contact with one of our financial partners to talk about your home lending options.

The lender will require a market valuation from an independent registered valuer and we will arrange this for you.

Co-Ownership

YouOwn plays a passive role. When the property is sold, we get our share of the sale price.

At any time after the fifth anniversary.

No – YouOwn will own the house with you until you buy our share or sell the house.

There is an equity charge on the amount of YouOwn’s share. Currently this is 4.95% This is fixed for five years and is payable monthly. At the fifth anniversary the equity charge is increased by the change in the value of your house.

There is no application cost or other upfront fee. Instead YouOwn charges a transaction fee to the builder or vendor. You pay the costs of obtaining a home loan, such as legal, valuation and the loan application fee.

All the usual costs of home ownership including rates, insurance and maintenance. Because the house is new there should not be a lot of maintenance.

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