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: Should drivers retake the theory test every 10 years?
Drivers get where they need to go, but sometimes it seems that we are all abiding by different road rules (for example, the varying ways drivers indicate around a roundabout).
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49.5% Yes
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48.6% No
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1.9% Other - I'll share below
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