An FHLDS Alternative?

If you are one of the the lucky few chosen and get access to the First Home Loan Deposit Scheme, you can buy your first home with a 5% deposit and avoid dreaded Lender’s Mortgage Insurance in the process.

The scheme starts in January 2020… But it is only available to 10,000 people per year!

Start preparing for your application now. There will be a lot of competition from other first-time buyers. Most lenders will want to see at least 3 months of savings figures.

The Simonds Group predicts that the demand will far exceed the 10,000 the government’s allowed for.

This means you will see Simonds and others rushing to promote this and get unsuspecting FHB’s into their new properties, which we know don’t grow as fast as established homes, however their promotions will dry up the 10,000 fast.

Investors Choice Mortgages can help you to untangle this complicated web of grants and deposits. 

We’ll teach you how to leverage everything that’s available so you can get your property faster. And with our help, you’ll turn that first home into an investment property in 12 months. Contact us today to find out what you need to do to get yourself in a position to borrow