Raising funds to cover associated expenses in buying a property can be difficult. The bank providing the home loan would typically require you to pay a deposit of anywhere between 5 – 20% of the value of the property (some banks may offer you a 100% mortgage, however, this is only in unique circumstances). You as the purchaser would be required to use your own funds to pay for this deposit.
In addition to this, there are further compulsory expenses that would need to be paid from your own account before you could take ownership of the property. These additional expenses would be Property Transfer Costs (Transfer Duty Tax), Bond Registration Fee and Stamp Duty.
Additional costs to consider may also be for property surveys, furniture removal, home improvements/alterations, and temporary occupational rent.
The good news is that we can help you to raise funds to cover all or part of these additional costs through a personal loan. Simply complete the short application below and one of our lenders will contact you immediately to process your loan.