2322 days ago

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.

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