Property Upgraders

Loans for Property Upgraders

Introduction

You may have run out of space or your house might be in an urgent need of an upgrade. If you’re at the point where your home no longer meets your needs then you face one of life’s big decisions: to renovate or relocate.
If the challenges of renovation appear insurmountable (due the  condition of the house including the wiring, structural flaws and the ever present concern of over capitalising) or you’d like to move to a new area (to be nearer the childrens school for example) then the options to relocate (upgrade) or, if you love your location but cant stand your house, to knock-down/re-build are worth considering.

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Key Issues to consider

Once you have built up a sufficient deposit and we have established your borrowing capacity with a range of banks, its then up to you to decide on a property. Phase two of the process is to formally arrange your finance. The main issue with arranging your finances is to identify the right home loan with the required flexibility and most attractive interest rates. The features that would most likely assist you could include the basic repayments options, namely interest only or principal and interest (P&I), but could also include features such as flexible repayments, the capacity for additional repayments, Repayment redraw facilities, repayment holiday’s and mortgage offset accounts. Before you embark on the process of  selling/upgrading or demolishing/rebuilding, there are some of the key issues to consider, including:

  • The costs of selling your home
  • The costs of buying a new home or
  • The costs of building or renovating on the existing site
Loan Type Options

Complimentary obligation free consultation

Discuss your specific needs & formulate the right strategy for you.
Get in touch to organise your complimentary 60min session today!

What’s involved in obtaining a loan through Intuitive Finance?

Process begins

Step 1
Consult

Initial consultation (via the phone, skype or face to face) where we establish your motivations and requirements

Step 2
Gather

Information gathering to confirm your financial status

Step 3
Review & strategise

Clear and detailed review of your financial position with a suggested investment or buying strategy for you to consider including an assessment of the best and most appropriate deals available

Step 4
Agree & Implement

Complete the necessary application paperwork including follow-up negotiations with lenders and adjustments if necessary

Step 5
Complete

Finalise approval (s), arrange formal paperwork to be signed

Step 6
Settle

Coordination of the settlement process
Process ends
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The Key Finance Issues all Property Upgraders need to consider

Download this handy guide that the team at Intuitive Finance has put together for you.

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