I have a small business but I can’t get a home loan.
Does this sound like you? Well it sure was our family about 12 months ago. My beautiful wife works for
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Buying your first property is one of the biggest decisions you’ll ever make.
We provide you with the basic facts and options in a clear and easy to understand manner. Whether this involves a parental guarantee, low savings loan, high LVR or simply the best rate, we will get you the deal that best suits your individual circumstances. We can also help you with the First Home Owners Grant
As life moves on, family and needs grow, as well as the need for more space.
You will likely start to look at bigger properties to suit your changing circumstances. Trading up or trading down are both significant stages in life. We will provide you with advice at every step by letting you know what’s possible.
Ben and Jessie were looking to trade-up. Ben is an electrician in the Northern Beaches, Sydney. His wife, Jessie, works in Marketing and is on extended maternity leave. They bought their first home five years ago. The family has grown and needed a bigger home. They found an ideal place, but it needed renovation work.
As a tradie, Ben’s experience of banks has been consistently poor. Not only would they not give him a straight answer, they made him take time off work to gather endless heaps of paperwork for even the simplest of things.
The problem they also faced was that banks don’t lend for future renovations when buying a property. Banks will generally only lend up to 80% of current property value, but Jessie and Ben needed and additional $200,000 for repairs and renovation.
They also needed part of the cash from the sale of their first home for Stamp Duty and other taxes.
We managed to get them a loan that allowed them to buy the new home, borrow to renovate, and also keep and rent their first property. The existing equity, as well as the new source of rental income allowed them to borrow more than they previously thought possible. In addition, we found them a lender that would accept Jessie’s income while on maternity leave.
Ben and Jessie were looking to trade-up. Ben is an electrician in the Northern Beaches, Sydney. His wife, Jessie, works in Marketing and is on extended maternity leave. They bought their first home five years ago. The family has grown and needed a bigger home. They found an ideal place, but it needed renovation work.
As a tradie, Ben’s experience of banks has been consistently poor. Not only would they not give him a straight answer, they made him take time off work to gather endless heaps of paperwork for even the simplest of things.
The problem they also faced was that banks don’t lend for future renovations when buying a property. Banks will generally only lend up to 80% of current property value, but Jessie and Ben needed and additional $200,000 for repairs and renovation.
They also needed part of the cash from the sale of their first home for Stamp Duty and other taxes.
We managed to get them a loan that allowed them to buy the new home, borrow to renovate, and also keep and rent their first property. The existing equity, as well as the new source of rental income allowed them to borrow more than they previously thought possible. In addition, we found them a lender that would accept Jessie’s income while on maternity leave.
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Does this sound like you? Well it sure was our family about 12 months ago. My beautiful wife works for
What is a bridging loan? A bridging loan is a type of short-term financing, typically for the purpose of buying
Pre-Purchase Property Inspection Our good friends at Resicert show you how to ensure peace of mind and avoid any post-purchase
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