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PHOTO: VIRGINIA WOOLF/STUFFIf you’re hoping to use your money for a first home, you may worry about KiwiSaver wobbles.
Shane Tamatea has recently been approved for a first-home loan, to buy a house in Halswell with his brother.
They were planning to use their KiwiSaver money as the deposit.
But just as they were about to sign the sale and purchase agreement, they were told by a mortgage broker to check their KiwiSaver accounts. Between them, they have now lost more than $8000.
Tamatea said that meant they no longer had enough of a deposit to get the loan required.
“We’ve had to put getting a house on hold now due to the uncertainty.”
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