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Excellent - Based on 1623 reviews

Buying your first home

What you need to know if you’re entering the property market for the first time.

Apply for a First Home Loan

There’s no place like home ownership

We have a wide range of loans and a team of experts to help get you on the property ladder.

Unlock the best interest rates
We offer fixed rates as low as 3.99% p.a. and floating rates as low as 4.50% p.a.

Lending Partners

We work with many of New Zealand’s most trusted lenders.

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Why Lending People?

We're lending a hand today, for tomorrow. We make lending a breeze with low-interest rates and 60 second* initial decisions, giving Kiwis the freedom to create brighter futures.

Do the maths with our calculators

Home Loan Calculator

Home Loan Calculator

Quickly calculate what your estimated repayments would be for a home loan.

Home Loan Rate Comparison

Home Loan Rate Comparison

Check out the latest home loan rates.

Banks vs. non-banks

What are the benefits of going with one over the other?

  • Banks

    Non-banks

  • Processing times

    60 seconds for the initial application
    1–10 days to receive an outcome, depending on the chosen lender

    Up to 10 Days

    Slow

  • Today’s lowest fixed interest rates

    Lender 1: x% p.a.

    Lender 2: x% p.a.

    Lender 3: x% p.a.

    Lender 1: x% p.a.

    Lender 2: x% p.a.

    Lender 3: x% p.a.

    Lender 1: x% p.a.

    Lender 2: x% p.a.

    Lender 3: x% p.a.

  • Lender Options

    30+

    10-15

    1

  • Break Fees

    Every situation is different. Apply online to work out what’s best for you.

    These can be significant and add up to several thousand dollars.

    Every situation is different. Your broker will have to take the time to work this out for you, individually.

  • Broker Fees

    ?

    Yes

    None

  • Other Fees

    Any fees incurred for early or larger payments on fixed-rate loans will be disclosed upfront

    Dependent on the lender chosen, the broker will disclose any additional fees

    Break fees, early fixed-rate termination fees and other charges may apply

  • Impartiality

    None

    Some

    Completely

Guides & Insights

First Home Buyers Hub

Guides and Insights.
First Home Buyers Hub

Posted in Personal Loans

Read more

Posted in Personal Loans

Read more

Posted in Personal Loans

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Lending People possibilities in three simple steps

Our application process provides faster decisions, greater transparency, and the freedom to interact with our advisers in a way that suits you.

Apply online

Apply online

Our 100% digital platform will assess the information you provide and approve, decline, or refer your application in under 60 seconds*.

Track your progress

Track your progress

Follow your application’s progress in real-time. Complete any tasks and chat with your dedicated adviser using your online dashboard.

Receive your loan

Receive your loan

Read, accept, and sign your loan documents electronically on any device. The lender will then transfer funds into your bank account overnight.

Don’t just take our word for it

Rated 4.9 / 5 based on 1623 Reviews. Showing 5 star reviews.

Great outcome, great staff.

Kristin Muirhead - New Zealand

July 18th, 2022

Fast and Reliable loan company

Clem Urlich - New Zealand

July 17th, 2022

Leonie Feata was amazing!

Liam Minhinnick - New Zealand

July 15th, 2022

Very impressed by the prompt service…

Setta - New Zealand

July 15th, 2022

Got questions? We have answers

We can tell you in about 60 seconds. Apply for a home loan online with us and you’ll get an initial decision within 60 seconds. There’s no obligation to follow through with the loan but if you like what you see, you’ll be assigned an adviser who can take you through the next steps and match you with the lender who will provide the best terms for you.

Your mortgage repayments will depend on the size of your mortgage and the terms of your loan. Try our online home loan calculator to get an idea of what your repayments might look like.

Essentially, a broker helps you to navigate the whole mortgage process. Here are a few benefits of using one:

  • Brokers deal with a number of lenders, so they can save you time shopping around.
  • They know the interest rates and application criteria for different lenders and can negotiate on your behalf.
  • They can help you put a loan application together.
  • They may be able to find an alternative lender if a bank declines your application. They may also be able to get you a better deal than if you were to approach the lender directly.
  • All mortgage brokers are now required to be Registered Financial Advisers. That means they must have a complaints process in place and belong to a dispute resolution scheme. You can check any broker on the official Financial Services Providers Register.

Lending People are brokers, but not the traditional kind. Our process is 100% online, and we don’t charge broker fees. Aside from that, we’re the same!

An interest rate can be fixed, floating or a mix of both. Fixed means that the rate stays the same for the duration of your loan term. Floating means that it will fluctuate depending on what the market interest rates are doing. You can also choose to split your mortgage so that one portion has a fixed rate and the other has a floating rate. There are pros and cons to all three options, which we explore further here.

Generally, you need 20% of the total property price, but some non-bank lenders only require 10%. First home buyers may be able to get finance with a 5% deposit. In this case, the finance structure would use a combination of home loan and caveat. Usually the caveat is that the lender can claim interest on the property, which provides them with enough security to lend you the rest of the money for your deposit.

First home buyers have more options available to help them get into the housing market, including first home grants of up to $10,000 and Kiwisaver (if you’ve been contributing for over three years).

Some people may also be lucky enough to get a helping hand from a loved one. There are three ways someone can help you:

  1. Gifting you money
  2. Guaranteeing your mortgage
  3. Borrowing against their own home

Not necessarily, but it does make things easier. Getting pre-approved means that you can bid at an auction or put an offer on a house, up to a limit that you and your lender have agreed to.

Alternatively, when you find a home that you’d like to purchase, you can ask the real estate agent to insert a ‘finance clause’—this gives you time to get approved to buy the property. Fifteen working days should provide you with plenty of time to get approval from a lender.

The short answer is yes. You can consolidate other debts like vehicle finance, credit cards and personal loans into your home loan. It’s likely that your home loan will have a lower interest rate, so this could be a good option to become debt-free faster. It’s a good idea to have a chat with your mortgage broker before doing this, as they’ll be able to look at your specific circumstances and advise accordingly.