Rent to Own Programme

Our Rent to Own (HomeSaver) Programme helps people who thought they could never own their own home, to own one!  This programme provides a way of getting you into a new home and helps you to manage your finances so you can afford to buy it after a period of time.

You might be facing one of the following challenges:‚Äč

  • Looking for a safe, secure, stable home for you and your family
  • Trying to save for a deposit
  • No spare cash - too many weeks in the month!
  • Have credit card and/or other debt
  • An income or credit history in which the banks won't give mortgage finance
  • Renting feels like money down the drain and you are paying a high percentage of your household income on rental costs
  • Are desperate to own your own home but feel like there is no way to make it a reality.


Here’s how the Rent to Own Programme could help:

  • You occupy a new home built by The Housing Foundation, paying the equivalent of a fair market rent and determined by what is affordable based on your total gross household income (before tax)
  • Over a 5 year period The Housing Foundation provides financial planning support so you can clear your debts and save a deposit
  • You will join Kiwisaver (if not joined up already) and after the qualifying period can use your savings towards the deposit for your home
  • Assuming the property increases in value above the original cost, you will get a portion of this increase (generally 25%) to use as a deposit to buy your home
  • After 5 years, instead of paying rent, you will have similar-sized mortgage payments - but now you are buying your own home.


Find out more detail on Rent to Own in our Frequently Asked Questions (FAQs).

back to top