Life Insurance
Provides a lump sum payment if you were to pass away or are diagnosed with a terminal illness.
The GO Home Loan structure can be flexible enough to suit a variety of needs, lifestyles and budgets. Check below to find out more about how a GO Home Loan can help you pay off your mortgage faster.
Our GO Home Loan can help you take a confident first step into the property market. With your Adviser's help and a home loan that's on your side, it could be easier than you think.
Home loans for your first property
Our GO Home Loan can help you take a confident first step into the property market. With your Adviser’s help and a home loan that’s working for you, it could be easier than you think.
Talk to someone who understands
If you're thinking about buying your first property, we recommend you talk to an Adviser, who can help you understand your options and plan your goals. They’ll tell you how much you can borrow, arrange the paper work, and quickly get back to you so you can start looking for your first home.
How much of a deposit do you need?
You can still achieve the dream of owning your own home. You may be able to borrow up to 90% of the property’s value. For example, a home of $400,000 would mean you would need to save a minimum of $40,000. All home loans are subject to our home loan lending criteria.
From 1 October 2013, the Reserve Bank introduced restrictions on the proportion of high loan-to-value ratio (LVR) home loans (i.e. loans with a deposit of less than 20%) that we can issue.
While we can still approve a certain percentage of low-deposit home loans, some customers who don’t have a deposit of 20% may need to borrow less or save for a larger deposit. Note: construction loans are subject to different lending criteria from an existing dwelling.
Talk to your registered Adviser who can help you work through the options.
Other things to consider
As well as the deposit, you will also need to cover other costs associated with buying a home, including: valuation and solicitor's fees, insurance costs including mortgage protection, removal costs, and your share of any rates that have been paid by the vendor. It may be possible to add some of these costs to your home loan.
A GO Home Loan can be structured to suit your investment needs, and you can pay rental income directly into your floating account.
Property investment
Property remains one of New Zealand’s favourite forms of investment. Our GO Home Loan can be structured to suit your investment needs, and rental income can be paid directly into your floating loan account.
GO Home Loans are ideal for property investors
DISCLAIMER
The information contained on this site is of a general nature and is intended as a guide only, outlining some of the features and benefits provided by Sovereign Home Loans. All GO Home Loans are subject to our Sovereign Home Loan lending criteria. Early repayment adjustments may apply. For loans with less than 20% equity a Low Equity Margin may apply. The lender is ASB Bank Limited. The transactional account for Sovereign Home Loans is provided by ASB Bank Limited.
The information contained on this website is general in nature and is not intended as advice. It may not be relevant to individual circumstances and before making any investment, insurance or financial planning decision; you should consult a professional adviser. Copies of our disclosure statements are available on request, free of charge.
Other things you should know:
GO Home Loans Fees and Limits Guide
Terms and Conditions