MORTGAGE TIPS
When purchasing a property we recommend that you make the contract subject to Building and Pest inspection
as well as include a minimum 14 day finance clause.
Appoint a solicitor/conveyance firm to complete the appropriate property searches and attend to settlement
Most lenders require a minimum 5-10% saved deposit/equity in another property. Genuine savings will have to be
verified by a bank statement covering a minimum 3month period.
Seek independent tax advice from your accountant when purchasing an investment property
Seek independent legal advice when signing your legal documents
Prepare a detailed budget to ensure that you can repay the loan so you don’t get into financial difficulty.
Allow your depositequity to cover Stamp duty and legals and any other expenses such as moving, furniture etc.