Empty nesters ready to upgrade to a modern yet low-maintenance home
Andy and Sharon’s children recently completed their secondary schooling, leaving them with reduced daily outgoings that resulted in an increased debt funding capacity. They were ready to move from their 1950s suburban Melbourne family home into a newer, more modern property that provided more luxuries without the high-maintenance assets (a large garden, swimming pool, etc.). They were keen to acquire a new site and build a brand new residence.
Valuation of existing property and unlocking its equity
Referral to trusted industry contacts
Obtaining an interest-only construction loan and refinanced home loan
Our Proposal
Intuitive Finance referred Andy and Sharon to some of our trusted industry contacts in real estate and new home building to help them find the best property and builders for them. Once they had identified the property to buy and the builder to work with, we used the equity unlocked from the sale of their existing house to cover:
- Home loan for the purchase of the new property to demolish and build on
- Interest-only construction loan to fund the building of the new house
- A refinanced home loan – once the property was built we arranged for a valuation to be made, upon which we could arrange refinancing to an LVR of 80%
The Outcome
Andy and Sharon were able to build their new dream home, and as their earnings enabled them to cover their debt repayments as well as costs incurred in renting, they were able to confidently navigate the costs with assistance from Intuitive Finance.
with clients all over Australia and around the world. Andrew has over 30 year’s experience in the finance industry and has assisted clients to secure over $2 Billion in mortgage lending over his time. Intuitive Finance deals with all aspects of lending from helping first homebuyers, someone wanting to upgrade their home or starting out and experienced investors looking to secure that next investment property, we can assist with all those requirements. We also specialise in working with self-employed clients and getting them the best outcomes, along with Commercial and Asset finance solutions. Intuitive Finance is highly regarded in the industry and has been recognised as a national winner of the MFAA customer service award and also one of the finance industry’s top mortgage employers. Our brokers also feature regularly in the Top 100 mortgage brokers list in Australia.
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