David – First Home Buyer

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.

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    Facilitate First Home Buyer grant

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    Review of borrowing power and bank finance eligibility

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    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.

Andrew Mirams

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