Can I use the loan to purchase a property in a Trust or a Company?

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• What is your eligibility criteria?

  The Eligibility Criteria below, will apply to your Loan: As a first home buyer You will use the loan to purchase your first home. You must be a Simplicity KiwiSaver member. We will lend up to 80% of the value of the property you wish to purchase, ...

• Will there be the option of getting a second mortgage over the property?

  No, if you have a home loan with us, you will not be able to get a second mortgage on the property. We don’t allow any other borrowed funds to be used towards the purchase of your first home and we don't accept third-party guarantors as added ...

• Can I apply for a refinancing loan jointly with someone else?

  Yes. You must confirm that you comply with the eligibility criteria for a Simplicity First Home Loan and at least one applicant must meet all of the following criteria: Simplicity KiwiSaver member Refinancing their first home Does not own any other ...

• Will the property need to be valued?

  Yes, all first home loans (including refinancing) will require a registered valuation addressed to Simplicity Investment Management Limited. We will arrange the valuation with our approved valuer and you will be responsible for paying them. The cost ...

• Does being selected in the refinancing ballot guarantee I’ll get a loan?

  No - selection gives you the opportunity to apply for a home loan. All applications are still subject to Simplicity’s lending criteria, credit checks and legal requirements.