You might have seen the recent announcement by BNZ about their new shared homeownership scheme. So, what exactly is it and what does it mean for people who are keen to take their first step onto the property ladder? As an Auckland lawfirm specialising in property law and conveyancing, here's our take: BNZ Shared Homeownership Scheme - The Details The BNZ shared home ownership scheme is not dissimilar to homebuying schemes which have been run in the UK and Ireland with success for a number of years. In summary, a first-time buyer teams up with an equity investor to co-purchase a house. The...

A property auction is a way to sell or buy a property through a process of negotiation open to the public. The intention behind the process of publicly negotiating the price is to ensure the property is bought or sold at its true market value at the time of the auction....

The term deposit is used by different parties within a conveyancing transaction and each party whether they are an agents, bank or KiwiSaver representative, can have a differing meaning on the word property deposit....

Auckland Conveyancing – The property deposit and related questions that you may want your conveyancer to explain to you....