When must I repay my Shared Equity loan?

You must repay your Shared Equity loan when:

  • you sell the property or at the end of the term of your Shared Equity loan (usually the same as the term of your Kiwibank Home Loan), whichever comes first
  • if all the original borrowers named on the loan agreement die
  • if you switch your Kiwibank Home Loan to another lender
  • if you default on your Shared Equity loan conditions and Housing New Zealand decides you have to repay it.

The amount you owe Housing New Zealand will be equal to the percentage share at sale multiplied by the current market valuation (excluding the value of any approved improvements).

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