Buying your next home

Sell before you buy

Selling your current house before you buy a new one means you won’t end up stuck with two mortgages. However, there’s no guarantee that you’ll be able to find your next house before your house sale settles. This means you could find yourself renting for a while as you house hunt.

If you already have a home loan with Kiwibank, we can usually switch it straight over to your new property. If you’re on a fixed rate, that will stay the same until the end of your current term. If you need to borrow more to afford your new home, this will be set up as an extra part of your home loan. Try our next home calculator to work out how much you may be able to borrow.

Buy before you sell

Found your dream home before selling your current one? You might need a bridging loan. It's a short-term loan that enables you to settle on your new property before you sell your current one. You’ll continue to pay your existing home loan at its usual repayment rate and pay the bridging loan on the new property. Interest rates on bridging loans are 1% p.a. higher than our standard variable rate. Our next home calculator allows you to work out whether you could afford to keep your current home and buy another.

Invest in property

You could join the property investor ranks by tapping into the value of your current house – whether you want to keep your current property as your primary home and buy an investment property or make your current property an investment property and buy a new home.

You might be able to use some of the equity you’ve built up in your current house as a deposit on the next property you buy. Talk to one of our home loan specialists to talk through your options.