No Deposit Lender extract:
Features and Benefits of Our No-Deposit Loans
. No Deposit Loan Plus is a No-Deposit loan that also lends the funds required to pay the stamp duty costs.
. First Home Buyer's Grant is the borrower's to keep
. No Lenders Mortgage Insurance
. No reliance on 'other' security of any kind
. No 'equity grab' upon refinance or property sale
. No monthly or ongoing account keeping fees
Establishmentloan PLUS:
BUY YOUR FIRST HOME AND KEEP YOUR LIFESTYLE
Haven’t had time to save a deposit and want to get into the property market before you miss the boat? If you have a good income, good credit history and secure employment, the Establishmentloan PLUS may be for you.
We lend qualified borrowers 100% of the property valuation plus enough to cover all Stamp Duty & Transfer Duty costs and in most cases, other fees such as legal costs.
BENEFITS of Establishmentloan PLUS
• No need for any deposit and no need for any additional security or guarantees from family or friends
• We also lend you all the Stamp Duty & Transfer Duty plus all or most of the other transaction costs such as legal fees
• You get to keep the Government’s First Home Owners Grant (if you are entitled to receive it)
• 30 years loan term available
Who does the Establishmentloan PLUS suit?
• First home buyers on higher incomes who haven’t yet had time to save a deposit
• Separated or divorced people who need to re-establish themselves in a home of their own
• Good credit history and a stable income.
Investorloan PLUS:
INVEST WITH NO ADDITIONAL SECURITY AT ALL
As we know, to maximise your negative gearing benefits you should have as little equity as possible in your investment property. While many lenders will offer to lend you 100% of the property value, they will ALSO require your family home as additional mortgage security. Investorloan PLUS does not require any additional security (e.g. your family home) and will also lend you all the Stamp Duty & Transfer Duty. Peace of mind and the ability to move quickly on the right property.
BENEFITS of the Investorloan PLUS
• Loan terms of up to 50 years
• No need for ‘additional’ security such as the family home or any other security whatsoever
• In addition to a no deposit investment loan we will also lend you ALL the Stamp Duty & Transfer Duty fees – avoiding the large outlay of cash you would ordinarily need to have ‘on hand’ to acquire your investment property
• You can move quickly on the right property without the delays (and grief) caused by arranging the ‘cross-collateralization’ of several mortgages and possibly having to deal with more than one lender
• 3 years Interest Only Loans (fixed or variable)
Who does the Investorloan PLUS suit?
• Investors wishing to avoid the substantial cash outlay to cover Stamp Duty & Transfer Duty
• Investors who want a ‘stand-alone’ investment loan without having to offer any ‘additional security’ such as the family home or any other property
• Anyone with a good credit history and stable income
N.B. – The Investorloan PLUS is a unique loan only available through approved affiliates. No other lender in Australia offers a no-deposit home loan that also lends fund sufficient to cover all Stamp Duty & Transfer Duty (in every State & Territory) without the need for additional security such as the family home.
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