We'll arm you with all the info you need, help you steer clear of the traps and sort you out with the best possible deal from the bank. We've even put together a handy with answers to questions you probably haven't come up with yet.
We've built our entire business around making sure the house buying process runs as smoothly as possible for you, leaving you to get on with the fun stuff, like planning your first BBQ.
We do a lot more than negotiate a good deal with the bank. Here's a snapshot of what we'll do for you:
If you like details, here are a few more reasons to use a mortgage broker (50 to be precise).
See for yourself what our clients think with over 1091 5 star reviews on Shopper Approved.
Sudam was great! Very helpful and very informative. I was pleased with everything and would highly recommend squirrel, especially Sudam. Thank you so much for all the work that was put in to get us into our first home.JW
Auckland, New Zealand
I liked there services, gave me options and a better understanding on what best suits my loan type very grateful for there professional staff have recommended to other family members.KS
Emma was ultra responsive, very helpful and made the mortgage process for a first time buyer (from overseas) super simple and pain free. Would highly recommend her and Squirrel! Planning to get in touch on the next purchase.K
We worked with Sam Ludbrook. He was great at securing a low rate and explaining the various options for us and tireless in chasing me up despite my travelling vastlyL
Leigh , New Zealand
Shaun is AMAZING! I would highly recommend him to anyone. We are young investors and he assisted us in purchasing our first two investment properties and made the process that was so daunting so easy for us!AL
Auckland, New Zealand
Really efficient and quick. Got a better rate than I could on my own and arranged a bigger loan on short notice. Thanks.K
I have used Squirrel for several years and have brought a friend and family members for help with their mortgages.NS
Tauranga, New Zealand
We have always found Squirrel awesome to work with. They provide informed advice in a timely manner and make the whole process really easy!CS
If you’ve got all the legal and financial stuff sorted early you’ll get in first on the great properties. Almost makes you feel sorry for everyone else. Almost. Tip: we can help you with this.
A mortgage is a huge sum of money, which means squeezing what feels like loose change out of your bank can save you thousands of bucks in the long run. Seriously. Get your mortgage right and it's the easiest money you'll make.
Don’t fall for their free-tv-cash-back-free-groceries-for-a-year trickery – choose the right mortgage, and you’ll be able to buy your own TV. Being on salaries (therefore unbiased), Squirrel advisers won't get sucked into sending you to a specific bank either.
It's usually the first thing to figure out, so you have a realistic idea of what house you're going for, what area and what kind of houses are in your price range. Our handy dandy calculator will help figure this out for you.Find out how much you can borrow
To give you an idea of what you can afford in real terms, try setting up a bank account so that your savings (+rent) equate to your probable mortgage repayments. You’ll find out pretty quickly if you can cope or not.Repayments calculator
When it comes to borrowing, the bigger the deposit the better. Yep 20% is a hefty chunk, but it’s ideal so you don’t have to pay extra interest. It's not as black and white as you might think though. As well as KiwiSaver, there are a few ways of making up that 20%.Learn the ins and outs of deposits
When we’re talking hundreds of thousands of dollars, a fraction of a percent change in interest or repayment rates can save you a packet. Having said that, life’s not all about money and sometimes it’s better to go with the lender that works for you long-term rather than saving some dollars in the short-term. We can help you make the right choice.Understanding your mortgage
We have tons of blogs just for you, young home buyer. Arm yourself with all the knowledge you can so you've got the edge above your competition.All articles
Buying a home is a tricky business. There are so many considerations to take into account.
Buying a home isn’t easy at the best of times. There are a lot of crap overpriced houses out there, poorly-maintaine...
There could be any number of reasons why a mortgage application might get declined. Here are the most common:
Stay up to date with what's happening in the property market, and get the latest tips and tricks to help with your journey to your first home.
Filling in our online application gives us enough information to have a good chat about what you're wanting to achieve, and focus on the stuff that's important to you. In a nutshell, we'll meet with you to discuss next steps, answer any questions you may have and once you're ready, we'll submit an application for pre-approval to the bank on your behalf.
Once you're pre-approved, you'll be in a strong position to hit up all the open homes your heart desires! We'll be just a phone call or email away to answer any questions you have, or to put any properties you're interested in under the microscope and give our thoughts on it. We can also help with all the due diligence like arranging building inspections and valuations, and looking over the LIM report.
Eventually when you find the one, we'll walk you through the process of purchasing. After all of that, we arrange your finance, negotiate a sweet deal with the bank and structure your mortgage in a way that works for you.
If you're a first home buyer you can withdraw KiwiSaver contributions made by you and your employer to use as a deposit towards your new home if you meet these conditions:
It normally takes less than three days to arrange finance but it pays to get organised ahead of time. Every now and then, the banks can be a bit slow, especially if the mortgage is over 80% of the property’s value. So, if you are borrowing over 80%, allow for 5-7 working days to get an approval. Bottom line is, the earlier you talk to us and get things rolling the easier it’ll be for all.
You normally agree to pay the deposit once the sale goes unconditional. Occasionally real estate agents ask for the deposit upfront but this isn’t all that common.
Although it is best to pay the deposit on the day you go unconditional, this is often not possible because of the amount of paperwork required to get temporary facilities in place. If this is the case, you can go unconditional and just let the agent know that the deposit will be paid within 48 hours.
Always check with your solicitor – you have three working days from being served notice (by the vendor’s solicitor) to pay the deposit. This means you have at least three working days from going unconditional to pay it. That’s enough time to search through a few couches – or set up alternative arrangements.
Remember: The KiwiSaver rules changed recently to allow the early release of funds to be used as a deposit. This needs to be managed through your solicitor and is worth getting underway as early as possible.
Head over here - we've put together an A-Z of what every potential first home buyer needs to know.