Buying a property with no deposit - HOW?

We have a unique and exclusive strategy that allows you to purchase a property (with NO existing deposit) by combining both an unsecured 'deposit/costs' loan (also known as GAP Finance) with a standard secured home loan.

IN THE FOLLOWING EXAMPLE "JOHN & NICOLE"

GO FROM PAYING
$2,000 PER MONTH IN RENT
(DEAD MONEY TO A LANDLORD AS THEY SAY)

TO PAYING
-$2118 PER MONTH (COMBINED LOANS)
(TOWARD THEIR VERY OWN PROPERTY!)

EXAMPLE OF HOW IT WORKS..

"John & Nicole" are both working full-time, have strong incomes and clear credit histories.  They currently pay $2,000 per month in rent!

They would love to buy a unit for around $350,000.

John & Nicole have NO Deposit!

Step 1)
We arrange a Home Loan Pre-Approval for $280,000 with a bank. This loan has all the regular features and is priced in line with the major banks.  We recommend this loan be 'interest only' through the initial period whilst John & Nicole also have a 'Deposit Loan'. 

Step 2)
We arrange a 'Deposit Loan' Pre-Approval for $80,000 with our specialised Unsecured Personal Loan provider/s.  This is usually over a 7 year period with an emphasis on paying this off as quick as possible via extra repayments or when the property has increased in value (in a few years).

John & Nicole now have approval for $360,000 to cover the property purchase  price and associated stamp duties and buying costs!
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Step 3) 
John & Nicole go house hunting, find their dream unit and live happily ever after ... 
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 ... thanks to our unique  HOME STARTER strategy

YOU MAY BE READY​ TO BUY TODAY!

 check out this explainer video

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SOME GOOD TIPS TO CONSIDER

Money Talks - Although not mandatory, any funds you can contribute are a HUGE bonus.  Savings, gifts, sale of unwanted assets, any amount will help reduce your shortfall and increase your chance of approval.

Fit The Box - The strategy needs to be right for you.  If you're struggling with any of your current financial commitments, have shaky employment, excessive debt, foresee any major changes in your circumstances or demonstrate any signs of financial hardship, this won't work for you.

Keep It Clean - Make sure you maintain a clear credit history, pay your bills on time, keep away from payday loans and show competent management of your banking and finances.  Remember that your bank accounts are scrutinised so think about how you spend your money.
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Get Real - Be realistic about your expectations and in particular what you want to buy and how much you need to spend.  This strategy is not for the inner-city apartment or the beachside mansion. 

* Anything promoted on this page is subject to ours or our suppliers and lender's terms and conditions and approval criteria.  Not everyone is suited to this strategy or the loan products offered and you should always consider your own circumstances before entering in to transactions.  You should always seek independant financial and/or legal advice.  This example given is based on a hypothetical scenario using interest rates and repayments current at the time of publishing the web page.  This is only a guide and should not be used to influence or encourage any decisions regarding your own finances or financial benefits from using our services. All other Privacy and Credit Guide details are avaiulable on this website.