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.

Shared Ownership

In order to qualify for shared ownership, you need to be a New Zealand Citizen or Permanent Resident, have a 5% deposit from savings or Kiwisaver, be less than $15k in debt, have a household income above the median in your location.
The deposit of 5% is lower than the standard deposit requirement of 20%, which opens up home ownership to many more financially capable buyers. There is no income cap, YouOwn partners with specific lenders who have systems in place for shared ownership lending.
If you’re wanting to own your home and struggling to afford the home you want then yes, shared ownership is a good solution to consider.
With YouOwn’s programme, you can sell at any time after five years or buy them out. You list your house with a real estate agent.
‘Shared ownership’ means you are buying your house with someone else. So, instead of owning 100% of your home, you own 75% to 85% of the property depending on how much you can afford. You pay a monthly equity fee to the third party, and after five years you can buy their share of the house, and become the complete owner.
There is no minimum income but to buy a house, you generally need household income of more than $110,000 to borrow enough with 5% deposit.
By purchasing a 75%-85% share of a property rather than the whole property, you have a lower mortgage. You do pay a monthly fee on the shared ownership, but the cost of this and your mortgage payment, is less than the interest rates the banks charge on low equity home loans.
If your financial or situational circumstances change, yes, you may rent the property.
Not all lenders offer home loans for shared ownership. The selection of houses you can buy through shared ownership is more limited. Capital gains or losses are shared relative to ownership. You are responsible for the outgoings and maintenance.
There are many benefits to shared ownership such as; security of tenure, being on the property ladder, a smaller deposit, no time pressure to buy the entire property, lenders who specialise in lending for shared ownership, payments are less than having a mortgage over the whole house.
After five years you will have paid off some of your home loan. You can redraw this amount to buy out some of the shared ownership.
Yes, the shared ownership programme is open to anyone who meets the criteria.
The deposit requirement on a shared ownership property is only 5%, which is much less than the standard 20% required by banks due to the loan-to-value ratio restrictions.
No. You must demonstrate to the bank that you have a good payment history.
Co-ownership of a property means owning a home with a third party. So, instead of you paying a 20% deposit, you pay a smaller deposit for a share of the home and buy out the third party when you are able to, after the first five years.
To buy your own house you put a financial plan together to repay or reduce debt and have a deposit of 5%. It is a good idea to have an idea of how much houses cost in the location you want to live and how much you can borrow.

Purchase Process

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


YouOwn plays a passive role. You are always the majority owner. 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. This is fixed for five years and is payable monthly. At the fifth anniversary the equity charge is adjusted by the change in the value of your house. When you buy your home at the outset, there is no fee if you buy from one of our property partners. If you buy the home yourself, a transaction fee is paid on settlement of the purchase. You pay the costs of obtaining a home loan, such as legal, valuation and any loan application fees.
The usual costs of home ownership including rates, insurance and maintenance.

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