Property and Commercial Law

We are ready to assist in all property and commercial law transactions.  From the sale or purchase of the family home, to refinancing, leasing, or buying and selling commercial and rural property, we offer expert advice, delivered in a friendly, cost effective manner.  Our areas of expertise include:
  • Buying and selling residential and commercial property
  • Leasing
  • Business sales and purchases
  • Rural transactions
  • Franchise law
  • Banking and finance 
  • Commercial contracts
  • Terms of trade
  • Asset protection and structuring

Using Your KiwiSaver Scheme
As a first  (or "second chance") home buyer you may be eligible to withdraw all or part of your own KiwiSaver contributions plus your employer contributions to put towards your home purchase.  None of the Government contribution (including the initial $1,000 kickstart) can be accessed.  If you are intending to use KiwiSaver funds to purchase a new home you need to discuss this with us before you sign the agreement to purchase your property.  The application process for the release of your funds is quite rigorous and requires certain time allowances to be made.

KiwiSaver First Home Deposit Subsidy
This scheme is administered by Housing New Zealand.  If you are eligible for this subsidy you wil receive $1,000 for each year of contribution to your KiwiSaver scheme, where you have been in the scheme for at least three years, up to a maximum of $5,000.  If you think you may be eligible for this subsidy we suggest you obtain pre-approval from Housing New Zealand prior to signing up to purchase a property.  We can help with this process - just give us a call.

The word "deposit" is often used by different professions to mean different things in relation to your property transaction.  For instance, your Bank may refer to the cash you are contibuting to your purchase, as opposed to the funds you are borrowing, as your deposit.  The real estate agent may refer to the deposit which is detailed in the contract that you signed.  They are talking about different things.  It may help for you to refer to your own funds that you are putting towards the purchase as your "cash contribution".
The government, acting through the Reserve Bank, have now imposed restrictions on what level of cash contribution you need to have before they will lend you money to complete your purchase.  From 1 October 2013 you will need to have a deposit or cash contribution of 20% of the value of the property you are purchasing.  According to Governor Graeme Wheeler the regulations will remain in place until "there is evidence of a better balance in the housing market and we are confident that their removal will not lead to a resurgence of housing credit and demand".
Until that time arrives, purchasers with less than a 20% deposit will have to overcome the new regulations if they are to become home owners.