Is anyone aware of any circumstances where a lender won't accept Kiwisaver funds for a deposit for a first home?
andrewNZ: It is a deposit to the bank, but not to the vendor.
Geese:andrewNZ: It is a deposit to the bank, but not to the vendor.
No, it is possible to use KiwiSaver funds for a deposit on a first home before settlement, ie once conditions are met for going unconditional.
So it can be a deposit for either.
mattwnz: No I don't believe that is the case, at least not an an existing /older houses, as per the Housing NZ website http://www.hnzc.co.nz/buying-a-house/KiwiSaver-helping-you-into-home-ownership/kiwisaver-homestart-grant/homestart-faq