Subsequent home benefit

The subsequent home benefit can be used where you are suffering significant financial hardship in one of these situations:

• You can use it to meet mortgage payments if you are facing a mortgagee sale. The benefit is only available to meet mortgage arrears and payments. It will not be paid as a lump sum, and you cannot use it to pay off other debt.
• You can use it to buy your house in your own right or re-establish yourself in another home if you have a breakdown in your relationship. You will need to provide a relationship property agreement before we can progress your claim. A solicitor will be able to help you with this.

The subsequent home benefit cannot be used to raise cash for any other purpose. That includes paying off any other debt you may have or an investment decision that has gone wrong. Remember, it is not an automatic benefit. Any application you make will have to be approved by the trustee.

Call Nick Economu on 0800 697 728 (choose option 2) or email nick.economu@nzpost.co.nz if you would like to apply for this benefit. He will send you the form you need and guide you through the process.