First Home Buyer Deals You Can't Say No To
With all the media backlash, controls and measures surrounding investors in APRA's attempt to slow down investment lending, some lenders have introduced cracking deals to put First Home Buyers back on the front foot.
All the below deals are from different lenders and are subject to change at any given time.
Upon request from a mortgage broker, Bank X will reimburse conveyancing fees up to the value of $1,000 for first home buyer applications that meet the following criteria:
Applicants must be the recipient of a state First Home Owners Grant (FHOG) and/or stamp duty reduction
Applicants must take out new lending FUM of at least $250k
Applications must be submitted between July 1 2017 and 31 October 2017 and drawn by 31 January 2018
Applicants are required to provide proof of conveyancing costs to Bank X within 30 days of loan drawdown
To process the rebate, post draw down of the eligible loan and sighting proof the conveyancing fees have been paid, submit the rebate form and available via the Broker Portal
This discretion is available for a limited time only and may be withdrawn or altered by Bank X at any time
Bank Y is offering prospective first home buyers a record low 3.69% per annum on our 2 Year Package Fixed Rate for Home Loans
All home loan applicants must be first home buyers purchasing a residential property (i.e. not available for customers who currently have or have previously purchased a property; product swaps are not available).
Owner occupier, principal and interest customers only; excludes external and internal refinances; maximum of 90% LVR applies.
The Choice Package annual fee of $395 per annum applies.
Indicator rates are subject to change. Brokers should discuss the importance of Rate Lock with your customers when discussing this special offer.
Bank Z is offering low deposit solutions by offering an increased loan to value ratio (most banks allow between 90%-95%
Exclusive for First Home Buyers 95% of valuation plus capped LMI up to 97% LVR.
With improvements to stamp duty savings and First Home Owner Grants along with the above deals, the Great Australian Dream is still alive!
Contact us if you want to discuss anything further or have any questions.