You might have seen the recent announcement by BNZ about their new shared homeownership scheme. So, what exactly is it and what does it mean for people who are keen to take their first step onto the property ladder? As an Auckland lawfirm specialising in property law and conveyancing, here's our take: BNZ Shared Homeownership Scheme - The Details The BNZ shared home ownership scheme is not dissimilar to homebuying schemes which have been run in the UK and Ireland with success for a number of years. In summary, a first-time buyer teams up with an equity investor to co-purchase a house. The...