Deposit requirements vary depending on your situation and the type of property you're purchasing, it also depends on banks current policy. At Lemon Tree Finance, we help you understand your options and access the most suitable path to homeownership or investment.

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Owner-Occupied Properties

· First home buyers: Deposits from as little as 5%, subject to eligibility

· Existing homes: Standard deposit is 20%

· New builds: Minimum deposit can be as low as 10%, subject to eligibility

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Investment Properties

· Existing investment properties: Standard deposit is 30% (unless you have equity available in your existing property)

· New build investment properties: Deposits from 10%, subject to eligibility

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Deposit Options

· KiwiSaver: Eligible after 3+ years of membership, you may be able to withdraw funds for your first home deposit, subject to eligibility

· Family & Friends gifting: Financial gifts from family members can be used towards your deposit

· Cash Savings: Savings in bank account

· Sale of existing property: Selling and using equity to upgrade or downgrade in to another property

· Leveraging equity in your existing property: Using equity available in your current property towards new purchase

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Need help figuring out the best deposit pathway for your situation? Contact Lemon Tree Finance—we’re here to make your home buying journey easier.