Join the KiwiSaver scheme others look up to
Settling
At the last stage of buying a home, you'll confirm your home loan structure and house insurance, and complete paperwork and tasks required to get you across the line on time.
Choosing the right home loan for you
At ANZ, we have a range of home loan options. Your ANZ Home Loan Coach can help you understand the different loan types and interest rates, so we can set up a loan structure that meets your needs.
Bridging finance
When you're buying your next home, your new home may settle before your current home. ANZ may be able to help bridge this gap with a short-term, interest-only loan.
Settlement day is a big milestone. It's when the purchase price (less any deposit paid) is paid to the vendor and the title transfers to you. It's probably one of the most exciting parts of the process. On settlement day, most of the work is completed behind the scenes by your solicitor. Here's an overview of what will happen, including if you've used your KiwiSaver savings for settlement:
- Your KiwiSaver first home withdrawal, and if applicable, your First Home Grant from Kāinga Ora (Housing New Zealand), is paid directly to your solicitor on or before the settlement day
- Your solicitor will notify the bank of the amount required to settle the purchase and will arrange for your loan to be drawn down and the money transferred to the vendor
- Your solicitor will also check that the rates have been paid by the vendor and are up-to-date
- Once they receive confirmation that the vendor has received the money, your solicitor will register the property in your name and arrange for you to receive the keys.
Once settlement has taken place, your solicitor or real estate agent will notify you, and you can then get the keys.
Congratulations, welcome to your new home!
Tip:
It's important to ensure your funds have cleared by the agreed time on settlement day to avoid possible penalties.
ANZ lending criteria, terms, conditions, and fees apply. Interest rates and fees are subject to change.
A copy of the Bank's General Disclosure Statement under the Reserve Bank of New Zealand Act 1989 is available on this website or on request from any ANZ branch, free of charge.
This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. An ANZ Authorised Financial Adviser will, on request and free of charge, provide you with his or her disclosure statement prepared under the Financial Advisers Act 2008. If you wish to consult one of ANZ's financial advisers, please contact us on 0800 269 296.