Shared Ownership

Want to buy your first home sooner but you only have a small deposit? Combine the support of our Shared Ownership option with traditional bank lending or lending from us to become a fully independent home owner, either:

  1. Build on the foundation of our Rent-to-Own pathway and continue to Shared Ownership by sharing the cost of purchasing your home with us; or

  2. If you are closer to home ownership you can go skip the Rent to Buy programme altogether and start with Shared Ownership instead! We will help you figure out which pathway is more suitable for you and your circumstances.

How it Works

  • Overview

    1. Kaenga Hou co-ownership: Kaenga Hou partners with you to co-own a portion of your home, reducing any financial barriers to buying. Both Kaenga Hou and you are recorded on the property title as owners.

    2. Buy us out over time: Gradually, you purchase our share as you can afford it , increasing your share until you independently own your home.

    3. A long term commitment: Buying back our share in your home typically takes 5 - 10 years, depending on your financial situation and goals.

    4. Wrap around support: Annual check-ins to ensure you’re on track to buy out our share and achieve your goal of becoming an independent home owner!

    5. Shared Ownership Agreement: All our relevant terms and conditions that apply are in our agreement.

  • This pathway is for whānau who:

    1. Are first home buyers.

    2. Have completed the Sorted Kainga Ora programme.

    3. Total household income before tax is less than $130,000 per year.

    4. Have manageable or no debt

    5. Have a deposit (KiwiSaver, savings etc)

    6. Intend to live in your home for at least 3 years.

  • Why choose the Shared Ownership pathway or continue your journey from Rent to Buy to Shared Ownership

    1. Support: Our Shared Ownership pathway offers you the stability and partnership needed to transition to independent homeownership.

    2. Mortgage Lending Options: Kaenga Hou can provide the mortgage lending for you OR we can help you find a bank that supports our Shared Ownership approach.

    3. Reduced deposit and smaller mortgage: We can provide up to a 45% share to support you with a smaller deposit and smaller mortgage required.

    4. Majority Ownership: You buy a majority share of your home and Kaenga Hou owns the remaining share of the home.

    5. Tōku rautaki hoko kaenga: we will create a plan to keep you on track to get to full home ownership

    6. No interest or hidden charges: You pay an Annual management fee but you wont pay any interest. Most whānau can fully own their own homes within 5-10 years.

Shared Ownership

Splits the cost of financing your home into 3 parts

Your Deposit

+

Kaenga Hou Share

+

Kaenga Hou Loan or Bank Loan

This is an example of how our Shared Ownership model works.

  1. Deposit: You contribute as much as you can towards a home deposit. It needs to be at least 5% but 10% is ideal!

  2. Kaenga Hou Share: Kaenga Hou will help with the rest of the deposit you need. The amount we provide will be the share amount we own in the home. This amount can vary according to your need.

  3. Mortgage: You have the choice to obtain lending from one of our banking partners or you can get your home loan from us.

Over time, and as you are able to afford it, you buy back Kaenga Hou’s share achieving independent home ownership while continuing to pay off your mortgage.

Start you journey today

Take the next step on your pathway to home ownership with Shared Ownership. Together, we’ll help you achieve the dream of owning your home completely.