Buying a home with a sibling can be a smart way to get on the property ladder—especially when you’ve both worked hard to build up savings and KiwiSaver. That’s exactly what we helped these two do as they purchased their first home together in the Waikato.
Here's how we helped:
Step 1: Understanding the full picture
With a strong combined deposit from both savings and KiwiSaver, this sibling duo came to us ready to take the next step. They were looking for the best bank option to support them in securing their first home together.
Step 2: Exploring lender options
We approached ASB, where one of them already banked, and Westpac, who had favourable policy for this kind of joint purchase and quick turnaround times to keep the process moving smoothly.
Step 3: Comparing the offers
We secured formal loan offers from both ASB and Westpac. We reviewed what each bank could offer—looking at things like required documentation, interest rates, and any added benefits like cash back. ASB’s flexibility around using a boarder declaration instead of detailed letters helped simplify things further.
Step 4: Making the right choice
With strong rates, a helpful cash back offer, and the benefit of an existing banking relationship, moving forward with ASB was the best fit for their situation.
The result?
A smooth and successful first home purchase for two siblings ready to take this big step together—with lending structured in a way that supports them both now and in the future.