Navigating personal finances and the First Home Buyer scheme
As a sales representative and semi-professional footballer, David was looking to buy his first home in Melbourne. The key challenges for him were to arrange finance, including navigating his eligibility for the First Home Buyers’ Grant as per State Government legislation.
Facilitate First Home Buyer grant
Review of borrowing power and bank finance eligibility
Establish finance pre-approval
Our Proposal
Intuitive Finance assisted David with a review of his borrowing power and eligibility for bank financing, and confirmed his eligibility for the First Home Buyer grant. We were able to establish finance pre-approval for David with a lender who offered a range of discounts for first home buyers. David would then be able to enter into a contract of sale for his property, with our assistance to complete the necessary paperwork/applications.
After receiving a copy of the contract of sale, Intuitive Finance then coordinated the lodgement of his grant application to the First Homeowners Grant Offices. The grant application process and level of detail was significant, particularly around the dates concerning settlement, and it was important to manage this process as closely as possible to avoid delays and reworkings.
The Outcome
David’s application was successfully lodged and accepted by the State Revenue office for approval, leading us to receive the grant approval. Intuitive Finance forwarded this to the conveyancer, which in turn ensured the settlement process was timely and efficient and meant the funds could be accessed quickly.
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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