Shared Ownership
Kōkiri
Shared Ownership is our primary pathway to home ownership. It is designed for whānau where a standard mortgage is not affordable.
The information on this page is general in nature and does not constitute personalised financial advice. Please speak with a qualified financial adviser before making decisions. Full details of interest rates, fees, and your rights as a borrower will be disclosed before you enter into any agreement with us.
Understanding the Pathway
Shared Ownership lets you purchase a share of your home at a level you can afford. Kaenga Hou or a capital partner holds the remaining share. Over time, you buy that share back until the home is fully in your name.
Kaenga Hou’s role in Shared Ownership:
We contribute the share of the purchase price that you cannot yet cover. As your circumstances allow, you buy that share back until the home is fully in your name.
Shared ownership splits the cost of financing your home into 3 parts. This is an example of how our Shared Ownership model works:
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Your Deposit: Deposit requirements may vary depending on the project and your circumstances.
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.
Home Loan: You will need a home loan to fund your share of the purchase. We will help you explore your lending options and find the right fit for your situation.
Shared Ownership is part of home ownership projects that Kaenga Hou works on alongside Iwi, hapū, marae, and housing providers. If your community is planning or developing housing, get in touch to find out if this pathway could work for you.
Start your journey today
Take the next step on your pathway to home ownership with Shared Ownership.
Contact us to find out if Shared Ownership is the right pathway for your whānau.