First Home buyers
Stuart and Catherine are a couple both working full time that had moved up from Sydney to buy a home and start a family. Both had stable professional jobs but found they just couldn’t break into the Sydney market.
Neither had owned a home before. They had good savings however for the price point they were looking at, they required Lenders Mortgage insurance to be able to purchase.
Both were keen to start a family soon, so had lots of questions about affordability both now and when they did have their first baby. In working through the best options, it also became possible to look at guarantors so that they could save on fees and interest rates.
The main challenges
Stuart and Catherine were looking for a property throughout early to mid-2015, a time when the Newcastle property market (like Sydney) was moving quickly.
What was done?
Over the course of approximately 3 months Vision arranged:
This required an experienced broking firm with a team of specialists capable of executing this train of events. This is the part of our job we love…being there for the whole process.
What Stuart & Catherine have to say
"After getting married and enjoying our honeymoon, it was time to start saving for a deposit for a house and start a family. We had a good savings base and felt we were finally ready to take the plunge and buy our first home. We started to view properties and attended a few auctions, however, we felt a little overwhelmed with the whole process and were worried about all the legalities and the large financial commitment that we were about to undertake.
We felt like we needed some reassurance and a lot of guidance. A work colleague suggested that we contact the Vision team for advice. We soon realised the complexity of our situation and felt relieved that we had help to understand our financial position and navigate our way through all the terminology and legal documentation.
Over the following months Hamish and the team advised us of suitable options on how to proceed. After numerous loan pre-approvals and missed offers we managed to secure our new property. Our guarantors were overseas at the time and we were very anxious that we would miss out on the opportunity to purchase our property. The team work hard in making sure that all the paperwork was complete and connected all the dots so that everything seamlessly came together.
They reassured us throughout the entire process and met every challenge we threw at them. We couldn’t have been happier!"