Mortgage News

First home buyers' scheme expanded

Thursday 20th of August 2009

First home buyers can now borrow up to $350,000, up from the previous cap of $280,000.

Other changes include extending the scheme to make it available for new builds and buying a first home on multiple-owned Maori land.

Housing Minister Phil Heatley announced the changes that will deliver a helping hand to first home buyers in higher priced areas around the country.

"Borrow...

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