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This might be the BEST way to avoid Lenders Mortgage Insurance – even for Dentists and Vets!

Unused FHLDS Guarantees reissued

The first tranche of the First Home Loan Deposit Scheme (FHLDS) which was in place from February 1 – June 30, 2020 (helping first home buyers purchase or build a home with a deposit of as little as 5%) has seen 1800 guarantees were not finalised due to buyers not settling on their purchase for one reason or another.

The good news is that the Government is reissuing these unused guarantees so there is even more opportunity for our first home buyer clients to take advantage of this “new” offer.

Click here to read more the details.

SOURCE:  The Adviser, Annie Kane, 3 Feb 2021

Please contact us urgently to find out what lender will suit your circumstances and we can get your application for your first home loan in as soon as possible so you can be in line to take up one of these offers.

Some lenders are offering several professionals’ a waiver of the Lenders Mortgage Insurance premium

The following eligible professionals who have 10 % deposit may apply:

  • Accountants
  • Legal Professionals
  • Medical practitioners, specialists and dental practitioners
  • Optometrists, physiotherapists, chiropractors, veterinarians

Certain eligibility criteria apply and can be applied to new and additional borrowings

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With thanks,