Mortgage expert discusses National’s new first homebuyer policy
National is promising to help more people buy their first home by expanding access to the government's low-deposit scheme. The First Home Loan scheme run by Kainga Ora would allow buyers to purchase their first home with a 5 percent deposit, rather than 20 percent which most banks require. David Cunningham runs Squirrel Mortgages and spoke to Guyon Espiner.
The skinny
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