5 Tips for First Home Buyers
Will is • 12 February 2024

Buying your first home is a big decision and a rewarding experience. We are here to support you along the way and make the process as smooth and easy as possible. Here are some tips and steps to help you get into your first home sooner.

 

1. TALK TO A LENDER


One of the first things you need to do is to sort out your finances and get a pre-approval for a home loan. This will give you an idea of how much you can borrow and what you can afford. Don’t just stick to your usual bank, talk to a mortgage broker who will be able to consider different lenders for you. Mortgage brokers can help you find the best loan for your needs and negotiate better terms and interest rates on your behalf. Better deals and lower interest rates can save you considerable money in the long run. Some lenders may also be able to lend you more than 80% of the property’s value, depending on your situation and the market conditions. This means you may not need a 20% deposit to buy your first home. However, you should be aware of the risks and costs of borrowing more than 80%, such as higher interest rates and fees, and the need for lenders mortgage insurance.

 

2. KIWISAVER WITHDRAWAL


If you have been a member of a KiwiSaver scheme for at least three years, you may be able to withdraw some or all of your KiwiSaver savings to put towards buying your first home. This can help you boost your deposit and get into your first home faster. However, you should also consider the impact of withdrawing your KiwiSaver funds on your retirement savings and seek financial advice before making this decision. There are some eligibility criteria and conditions that apply, so contact us to find out more.

 

3. FIRST HOME GRANT


If you are eligible to withdraw your KiwiSaver funds to buy your first home, you may also qualify for a First Home Grant from Kāinga Ora. This is a government initiative that provides a one-off payment of up to $10,000 for a single buyer or up to $20,000 for a couple, depending on the price, location and type of home you are buying. For the majority of people this will be $5,000 for a single buyer and $10,000 for a couple, unless you are buying a new build. The grant can help you with your deposit and reduce the amount you need to borrow. To apply for the grant, you need to meet some income, savings, and property criteria, and you need to live in the home for at least six months. For more information and to apply for a pre-approval, visit the Kāinga Ora website.

 

4. OPEN HOMES


Once you have your finances sorted and know what you can afford, it’s time to start looking for your dream home. Open homes are a great way to see what’s available in your area and get a feel for the market. You can also use online tools and apps to search for properties that match your criteria and budget. When you go to open homes, be prepared to ask questions and take notes. You may want to check the condition of the property, the size and layout, the neighbourhood, the amenities, and any other features that are important to you. You may also want to talk to the real estate agent and find out more about the property, the seller, and the method of sale. They may have some useful insights or tips that can help you with your decision.

 

5. TALK TO A LAWYER


When you find a property that you like and want to make an offer, you should talk to a lawyer or a legal executive before you sign anything. They can help you understand the legal aspects of buying a home and advise you on the best way to protect your interests. They can also help you with the paperwork, the due diligence, the settlement, and the transfer of ownership.

We have a team of experienced lawyers and legal executives who can assist you with your first home purchase. Contact us today and we can get started right away.


Ready to begin your journey to home ownership? Download our easy to understand First Home Buyers' Guide to get you started!

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5 July 2026
We're pleased to shine a light on Harry Calcott, a solicitor in our Property Team. If you've worked with Harry Calcott , you'll know he has a knack for making complicated processes feel straightforward. As part of our Property Team, based in our Hastings office, Harry guides clients through some of the biggest moments of their lives, and he brings genuine care to every step of the way. Although, Harry didn't set out to be a property lawyer. The plan, when he graduated with his Bachelor of Law and Commerce, was criminal law. He spent time as a law clerk with the Public Defence Service, a grounding experience that gave him an early look at the realities of legal practice, but somewhere along the way, something shifted. "I realised I was drawn to helping clients through positive milestones rather than difficult disputes," he says. The work of guiding people through important life events, buying a home, planning for the future, felt more like where he was meant to be. His commerce background turned out to complement property law naturally, and what might have looked like a change of direction began to feel inevitable. Sometimes the path surprises you. For Harry, one of the most rewarding parts of the job is sitting across the table from a first home buyer. He knows the process can feel overwhelming, and he's deliberate about making it feel anything but. "I try to provide as much information and reassurance as possible to make the process straightforward and stress free." What keeps it meaningful, he says, is the people themselves, the excitement and optimism that first home buyers bring with them is something that never gets old. "It's a privilege to be part of such an important milestone in their lives." Harry made the move from Wellington to Hawke's Bay to join the Willis Legal team, and by the sound of it, he's settled in well. If you're visiting him in the region, he'll take you to Sutto for the eggs benedict or Kami for sushi, then walk you around Windsor Park. It's a low-key itinerary that suits him; good food, fresh air, no fuss. The weekends follow a similar pattern. Good food, sport, time outdoors when the weather allows, and getting organised for the week ahead, plus the odd trip back to Wellington to visit friends and family. For someone who spends his working days helping clients prepare for the moments that matter most, a little structure away from the office clearly goes a long way. Harry is a solicitor at Willis Legal. If you're buying your first home, planning for the future, or simply want someone in your corner who'll make the process feel manageable, get in touch with us today.
2 July 2026
People often get confused by the way we lawyers speak. Part of our job is to communicate with you in a way you understand, not to sound smarter than we are. We try our best to break it down in a way that you can understand, but sometimes we can’t avoid it, especially when the jargon comes from a contract, legislation, or Land Information New Zealand requirements. Knowing what these terms mean is important to ensure that you understand your options and rights, a deadline is not missed, or you do not walk out of a meeting expecting a different outcome. It does not help that some of our jargon is different to America and what you see on television. I asked my friends and family what terms they hear me using and think “I have no idea what you are on about”, and I have collated them and translated them. These are just a few examples. Contact one of our esteemed legal professionals if you have any other specific questions for a breakdown. Legal jargon and their translation Client The individual or entity receiving legal advice or representation. Solicitor/Barrister A person who has completed the educational qualifications and character requirements to be admitted to the “bar and holds a practising certificate”. Generally referred to as a lawyer. In New Zealand, unlike in some other countries, all solicitors are also barristers. Caveat A formal notice lodged on a property title to protect your interest in the property. It acts like a flag on the property title, preventing the registered owner from doing anything with the property until the caveat is removed. Intestate When someone dies without leaving a valid will. Memorandum A formal written document that is filed in court proceedings, used to talk to a judge, generally setting out your position or proposed next steps. Often referred to as a memo. Probate The legal process of obtaining a grant from the High Court of New Zealand to allow the executor to administer the deceased's will. This application is only required if the deceased has one asset valued at more than $40,000. Attorney A person you appoint to make decisions and/or manage your property on your behalf. This can either be from the date you sign your Enduring Power of Attorney documents or come into force once you lose capacity. In America, an attorney is a qualified lawyer. Executor The person named in a will who is responsible for administering and distributing the estate. Deed A formal written document that is signed and witnessed in a particular format. A Deed, unlike a contract, does not require each party to give or promise something in return(consideration). Common types are a Deed of Trust or a Deed of Lease. Affidavit Your written statement of facts is used as your evidence in legal proceedings. By signing, you swear (on the bible) or affirm (make a solemn declaration) that the contents are true. Purchaser The party buying the goods or services from another party. Vendor The party selling the goods or services to another party. Tenants In Common A way for two or more people to own property together in defined shares. Record of Title The land record that proves ownership of land and the rights and restrictions that apply to the land. Chattels Moveable items of personal property. Things you can pick up and take with you. Conveyancing The legal process of transferring property ownership from a seller to a buyer. Counsel The lawyer providing the legal advice and representation in court. Covenant A legally binding agreement against your property title that dictates how you can use, develop, or maintain your land. Disclosure The legal obligation to provide all relevant information and documents to another party. Written by: Laurel Williams
26 June 2026
If you manage a rental, there’s a date worth marking. As of 29 June 2026, bond transactions will go digital and paper forms will be phased out. This follows Tenancy Services’ announcement that after this date, they will be moving remaining bond transactions online through their portal ‘ Bond Hub ’. What’s changing? Refunds Change of tenant Change of landlord Viewing/updating your details Registration of bonds moved online in December 2025, paving the way for these other services to follow. The benefits of these changes Faster - Once all parties agree, transactions can be processed straight away Simpler - No paperwork or manual handling More reliable - Fewer errors and delays, with easier fixes More transparent - Track progress in real time Instead of waiting weeks for a posted paper refund form, or out of date contact details affecting slow communications, tenancy transactions can be processed quickly online. Both parties can keep a record of bond transactions. For example, tenants decide to move out, and you are asked for a bond refund. You can complete this process online as agreed, and the money is released quickly, making for a seamless transaction. This will help landlords in those hurried weeks where tenants move out to get everything sorted. When processing a bond refund, it would be sensible to agree on a bond refund amount before lodging to avoid creating extra work for yourself. Tenancy Services won’t be processing bulk change of landlord requests going forward. These will need to be registered individually through their self-service function on Bond Hub or your property management software if it supports this. You will need to get registered with Bond Hub if you haven’t already and familiarise yourself with the changes. You may already be using existing property management software with refund functionality built into its system and wondering how these services will interact. It would be sensible to discuss this with your current property management software provider to understand what these changes mean for you. What you should do now Register for Bond Hub Review how you are currently communicating with your tenants Complete bond transactions through Bond Hub going forward What to tell your tenants Register for Bond Hub Communicate that bond transactions will be completed through Bond Hub going forward Encourage tenants to keep their email addresses and phone numbers up to date on Bond Hub Ask tenants to keep their tenant number somewhere safe In the Hawke’s Bay, we know many local landlords handle their tenancies themselves. These changes will have great benefits for you. Getting set up early will help avoid a chaotic few weeks after 29 June 2026. As with any changes, there’ll be a learning curve. However, the process should be more streamlined once you’re set up. Our team are happy to guide landlords through the new tenancy processes. If you have any questions regarding your obligations as a landlord, we’re here to help.  Written by: Harry Calcott
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