Hi All
I have a question regarding partial ownership. If someone is buying a first home and they do not have the deposit. So, they ask someone to help them with the deposit. In return, the investor asks for partial ownership of the house (something like NZHF). Now, can the first house buyer still use his Kiwi Saver? Also, will it be considered with 20% deposit as it is First home for one of the owner but at the same time, investment property for the partial owner.
Please help..
I have a question regarding partial ownership. If someone is buying a first home and they do not have the deposit. So, they ask someone to help them with the deposit. In return, the investor asks for partial ownership of the house (something like NZHF). Now, can the first house buyer still use his Kiwi Saver? Also, will it be considered with 20% deposit as it is First home for one of the owner but at the same time, investment property for the partial owner.
Please help..
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