Purchase

For those new to purchasing, navigating the process can be a minefield fraught with various complexities. If you're feeling overwhelmed and asking yourself "where do I begin?", you can start with the below: 

• How much can I borrow?
• Do I need a pre-approval?
• What are the associated costs?
• Are there any available concessions or grants?
• What do I need as a deposit? 

Seeking the expertise of an MVM professional can assist you in addressing all of the above as we guide you through the purchasing process from start to finish.

Do you have a reliable individual who can serve as your guarantor and aid you in your purchasing journey? By leveraging the equity in a separate property, you can achieve a higher value purchase with a reduced deposit and eliminate the need for costly lenders’ mortgage insurance. However, not everyone is eligible to serve as a guarantor, therefore it's crucial to consult with our mortgage specialists to determine the criteria and assess the potential aid of your prospective guarantor.

Are you considering upgrading your home? It's an exhilarating but overwhelming process, with numerous factors to consider. Do you plan to sell your current property? Will you require a concurrent settlement? Are you thinking of converting your existing property into an investment property?

The process of upgrading your home can be intricate, and it necessitates a well-defined strategy and plan. By collaborating with MVM, we can assist you in exploring all available options to gain a better understanding of the impact of upgrading.

A fantastic solution for purchasing a new home before selling your current property is a ‘bridging loan.’ This is a temporary financing option that utilizes the equity in your existing home to bridge the financial gap between buying and selling. The eligibility for this loan varies from lender to lender and requires meeting several qualifying criteria.

Purchasing an investment property entails considering more aspects than when acquiring an owner-occupied property. Aside from the usual factors, including fixed vs variable interest rates, deposit amount, most suitable lender, and repayment type, you must also take into account the substantial tax advantages that may apply to owning an investment property. Your loan needs to be structured appropriately to maximize these benefits. In addition to acquiring the property itself, you must also factor in other considerations such as property management. At MVM, we possess a vast network of professionals in various fields who can assist you with not only the lending process for your new investment property but also with connecting you to the best experts in tax, insurance, and property management.