The decision to buy a property should be taken after considering all of the options. If you are investing for the first time, then you need to understand all the laws and regulations. There are various options to buy a property, such as first-home buyer grants, deposit schemes, and family guarantee options. We, at Key Partners Finance, will guide you through the whole process of acquiring a loan to buy the property. We also have some low document loans that will relieve you from the stress of providing proof of income. To start the process of obtaining a loan, first of all:-
- Our professional brokers will communicate with you about all the details of the need for the loan. After analyzing all the details and documents, our expert will suggest some options according to your priorities and budget.
- The broker will give you all the information about the home owner grants and buyer schemes. With the information provided you will be able to assess the deposits that you need to save and how much money you need to borrow based on the income.
- Key Partners Finance will help you prepare an appropriate budget, which is needed to set up a savings plan for your loan to meet the deposit requirements.
- If you are permitted by the first home buyers deposit scheme, then it is necessary to clean your credit history and along with that your debts should be paid within the desired period of six months. After that period you can apply for your first ever home buyer loan.
- In order to obtain the loan easily, one needs to pay off all of their short term debt like buy now, pay later options. We have different services for your convenience like ZipPay or After Pay.
- It depends on your financial situation, as there are numerous home buyer deposit schemes to choose from like 0% under a home buyer family guarantee, 2% under the guarantee of the family home and 5% under the home guarantee for the region. If you are eligible to pay a full 10% deposit then we will assure that you will be given relevant home buyer grants and stamp duty exemptions.
- In the end we will prepare your home buyer low document loan application. Your application will be submitted for the appropriate scheme.
Our brokers will assist from providing you with different schemes to handling all of your application process. You can visit our website which will help you to understand the steps that you need to follow for acquiring a loan.
