How to match first-home buyers with everyday investors
What do you think of the new online NZ platform Levridge aiming to match first-home buyers with everyday investors? Those with money to invest, put up a 20 percent deposit and those who have an income, but don't have enough to pay a deposit, take on the mortgage and live in the house.
After five years, the house can be sold and the two parties split the capital gains 50/50. Amy Wilkes is director of online house-buying platform Levridge.
What it costs To buy or invest
FOR BUYERS
In summary, a first home buyer is likely to have upfront fees of approx. $3,000-$4,000.
FOR INVESTORS
In summary, as an investor you will need to have sufficient capital to invest 20% of the value of the property, plus upfront fees of approx. $10,000.
Full description is detailed on their website.
Poll: 🗑️ Would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Aucklanders, our weekly rubbish collections are staying after councillors voted to scrap a proposed trial of fortnightly pick-ups.
We want to hear from you: would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Keen for the details? Read up about the scrapped collection trial here.
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85% Same!
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15% Would have liked to try something different
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🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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21.2% No. It's the thought and effort that matters
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