LongView Buying Boost helps you get on the property ladder by ‘boosting’ your equity and helping you through the buying process. Here’s how!
The ‘great Australian dream’ has long been for every Australian family to own their own home. But unfortunately it’s not always as simple today as it may have been 20, 30 or even 50 years ago. This is particularly true for first home buyers or for those who are having to rebuild financially. However, if you’re someone who’s been struggling to get on the property ladder, there’s new help available.
So, let’s take a look at LongView Buying Boost, and see how it can help you get onto the property ladder more quickly and easily.
LongView Buying Boost helps borrowers get on the property ladder by ‘boosting’ buyer’s equity and helping them through the buying process. Specifically this amounts to:
In return for this assistance, LongView receives a share of the property’s future capital growth (on the sale of the property). Individuals who take on this arrangement may buy out LongView’s share at any time prior to the sale of the property.
There are a number of eligibility criteria for. You must:
Additionally, the home must:
Buying Boost could help you increase your home savings by up to 50%. So, for example, if you have saved $150,000 to cover a deposit and stamp duty, LongView would contribute 50% of this amount. This would take your amount available for a deposit and stamp duty to $225,000.
In exchange for this financial contribution and the provision of support during the buying process, when you sell the property, LongView receives:
If the LongView Buying Boost was less than 50% their share upon sale reduces proportionately.
Of course, there are some additional financial caveats. For example:
There are other amazing benefits from LongView Buying Boost. These are:
As a mortgage broker, we know the challenges that many otherwise strong buyers face getting their deposit together and getting into new homes. This is particularly true in a challenging economy. Buying Boost is one solution that will help you better meet your property goals and get you where you want to be quicker and easier.
Of course, there are a number of components to the program, and some considerations for your own situation. We recommend that clients make contact with us for further guidance before making the decision to move forward. Our team is here to help!
So, if you’d like to learn more about how LongView Buying Boost can help you to buy a better home sooner, please get in touch. Our team is proud to be partnering with LongView to help our incredible clients get into the homes of their dreams.
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