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First Home Buyers

Buying your first home is probably your biggest investment to date.

After years of saving, many weekends spent going through open homes around Christchurch, and perhaps some assistance from Mum and Dad, you’re finally ready to get on the property ladder and buy your first home.

While it’s easy to get excited about moving in and discussing how you will arrange the furniture in your new home, before you sign anything you must see a lawyer.

Even if this is your first time buying a home, you probably knew lawyers were involved at some stage.

At Godfreys Law, we make the process easy and affordable by offering a fixed fee for first home buyers.

We can take care of all the legal property conveyancing paperwork, making your first property transaction a smooth and simple one.

Most of the property conveyancing we do is like an iceberg. Once you’re ready to buy your first home, you only see a small part of the work that needs to be done to complete the deal. Our three step property conveyancing process is what happens behind the scenes, to get you into your first home.

Identify The Property

Slightly more complicated than it sounds, this involves going through all the paperwork associated held by LINZ and the Christchurch City Council about the house you are looking to buy, making sure it matches the land area and legal description on the sale documents.

We’ll also check to see if the Christchurch property has:

Covenants: Any restrictions around what owners can change about the property. These are particularly popular in new Christchurch subdivisions where the developer wants to create an overarching theme for the sections.

For example, a covenant could apply to what material you can use for house cladding, how high you can build your front fence, or the colour of your roof.

Right of Way: Does anyone else have legal access to your land? For example, on a cross-lease section, neighbours may share a driveway.

Easements: These are agreements to use your property for a specific purpose. Like an agreement with the Christchurch City Council to have water mains or sewage pipes running underneath your property that connect to the main grid.

Our property law team will sit down with you and highlight any issues we can find before you commit to buying your first home. This will probably be your biggest investment, so we want to make sure you know exactly what you’re committing to. We’ll explain any covenants, easements and rights of way, plus any outstanding EQC or insurance claims, so you can make a fully informed decision around buying.

Property Finance

How are you planning on paying for your first home? Godfreys Law take you to the next property conveyancing step by working with your bank or mortgage broker. We can confirm the details of any sale documents, that both sides have agreed to the terms, and help get your finances together to make your deposit.

Kiwisaver: As a first home buyer, you can take money out of your retirement fund for a property deposit. The government also offers Homestart Grants if you need extra help getting on the property ladder. In both cases, Godfreys Law can coordinate with government departments and help you with the paperwork.

Guarantor: This is a condition a bank may place on a property transaction to make sure they don’t lose any money. A guarantor, usually a parent or guardian, takes ultimate responsibility for your mortgage payments by guaranteeing they will be met.

Settlement Day

This is the big day. After waiting through the settlement period, this is the day you get the keys to your new house and become a Christchurch homeowner.

We will make sure money from your bank or mortgage lender is transferred safely and securely through our trust account and to the vendors lawyer, who will settle any outstanding mortgage and pay the difference to their client.

Our property law team will also confirm all the legal paperwork is correctly filed, including making sure your name is on the deed of property, so your settlement day goes ahead as planned

Fixed Fee

To help make the process as easy for you as possible Godfreys Law offers a fixed fee of $1,400 (GST inclusive) plus any add on work if applicable.

Add on work (if applicable) Fee
Mortgage $300 per mortgage (GST inclusive)
Kiwi Saver $150 per withdrawal (GST inclusive)
Homestart Grant $150 per grant (GST inclusive)
Plus disbursements (e.g. LIM, title fees, etc.) $550 maximum (GST inclusive)

Real people. Real solutions.

Becoming a first home buyer can be one of the biggest moments in your life.

Let Godfreys Law make your first transaction in Christchurch as easy and stress free as possible.

For a no-obligations consultation, contact Godfreys Law on 03 366 7469.