Our consultant brokers are all highly experienced professionals in Home Loan lending and are committed to assisting you to purchase your home or investment property and developing a long term relationship with you for the future.

First Home Builder Boost - FHBB

The First Home Builders Boost is a one-off payment for eligible first home buyers/builders in Tasmania.

From and including 1 January 2016, the FHOG payment is set at $20,000 for eligible purchasers of new homes (for example a spec home), homes off the plan and owner/builder homes.

The payment will revert to $10,000 for transactions entered into after 1 July 2017.

First Home Builder Boost Guideline.

Home & Investment Property Loans

Our consultant brokers are all highly experienced professionals in Home Loan lending and are committed to assisting you to purchase your home or investment property and developing a long term relationship with you for the future.

We look forward to guiding you through what can be a difficult process and having completed literally hundreds of loan settlements can offer you all the necessary experience to make the process easy and informative.

We specialise in an extensive range of home and investment loan products and can match a particular product to suit your specific needs. We can also assist with advice and application for the First Home Builder’s Boost and Stamp Duty Assistance Schemes.

We pride ourselves on having access to competitive finance whether buying for own living requirements, as a rental property or a property under construction.

If you want more information on the products available, assistance with understanding the guidelines and processes involved or you simply want a quote for your finance needs call one of our offices and talk directly to a Consultant Broker, or click Enquire Now and complete the details.

Why do the legwork yourself when we at Finance Brokers of Tasmania can offer the package to suit your needs and take all the stress out of the process for you.

Parental Guarantee Loans

Trying to save a deposit for your first home whilst still renting is virtually impossible, but there are ways that can assist you get into your home sooner.

Almost 50% of first home buyers get financial help from their parents or family to assist with the home deposit. This is normally as an informal loan or gift. But there are other options.

The recent Tasmanian budget saw the extension of the First Home Builder’s Grant (FHBG) and increased it from $10,000 to $20,000. To be eligible, you cannot have owned a home before, and must build a new home or buy a home that has recently been constructed and never lived in. This can be used as part of your deposit.

A family member can use equity from their own home to provide additional security for a portion of your loan amount. This solution reduces your loan to value ratio and can also save you a significant amount of money by reducing or even avoiding the need to pay lender’s mortgage insurance. It may also enable you to borrow the total purchase price plus costs, avoiding the need to save a deposit (subject to lending criteria). This strategy can also be used when buying established dwellings but of course, you will not be eligible for the FHBG.

So get into your own home faster with the help of your family.