Buying Your House

Buying a house is a very big decision and is probably the most expensive asset most people will buy in their lifetime. It is natural that you will be nervous and excited about the transaction.

Many people only buy a few houses in their lifetime – therefore it is not a process that people are very familiar with.

Houses are expensive and very few people can afford to buy a house without borrowing money from a bank. Before a bank will consider loaning you the money to buy a house, they will want to ensure that you can repay the money on a monthly basis. Banks are guided by your income, expenses and credit record when considering your loan.

To assist clients with the process and ensure an affective process, we need the following information before we assign one of our specialist agents to them:

ID copy

Latest salary slip

Latest bank statement (not older than 3 months)

In the case of a joint application, the information will be required for both parties.

The information is used to pre-qualify clients for housing loans. This process will take 3 working days (bank dependent) and once the pre-qualification is received, the client can buy with confidence.

We have provided a calculator that you can use as a guideline to determine what your monthly repayment is going to be for the amount you want to borrow from the bank to purchase your house.