Off the Plan Home Loans

Considering buying a home off-the-plan? First, you need to figure out what off-plan mortgage options are available to you, and how the process works for off-the-plan home loans.

Buying a property before a single brick has been laid is not uncommon. It offers a host of advantages, including the fact that you’ll often get a significant discount below market value and there’s always a chance that the property will appreciate before settlement takes place. This is why many people opt for what is called an off-plan mortgage.

However, buying off the plan also has its risks, which is why it’s crucial to find a suitable loan product from a reputable lender. BFG’s brokers are highly experienced in helping people find the perfect off-the-plan home loans for their needs.

How do off-the-plan home loans work?

Property is typically the biggest purchase most of us ever make in our lives, and so it can seem a little daunting to make such a purchase based on illustrations, renderings, location and promises from developers. An off-the-plan home loan means that you’ll need to put down a significant deposit and borrow a large sum of money before the property even exists.

However, by doing your homework and speaking to the right professionals, you can save lots of money on your first home or investment property by determining your eligibility for certain tax benefits, stamp duty savings for buying a newly-built home, and standard first home buyer concessions.

One of the biggest advantages, however, is time. Buying off-the-plan allows you to put down a 10% deposit, for example, and then save the outstanding balance while the property is being constructed.

Secure the best off-the-plan home loan for your circumstances

At BFG Loans, our brokers start by conducting a one-on-one consultation with you. This allows us to clearly understand your circumstances and goals, so that we can compare the market and find the right product for you.

To speak with one of our professional brokers about off-the-plan loans, please feel free to get in touch and we’ll be happy to arrange a free consult. We also specialise in first home buyer loans, guarantor home loans, low deposit home loans, non-resident home loans and more.

Hear from others how BFG is making a difference

We are so happy to have been able to work with Sam at Benevolence Financial Group on bringing our home ownership dreams to life. As first home buyers we had no idea what we were doing and whether we were even in any kind of position to purchase. Sam explained everything and patiently answered our many questions, talking us through every step of the process.

Jen

Highly recommended. Sam and his team are a highly professional group who helped us with a refinance. They were attentive, proactive, and knowledgeable in their service as they guided us through the transition.

Oliver

Sam from the BFG looked after myself and my Fiance when we got our first home purchase. Sam was very down to earth, professional and really went above and beyond to help us every step of the way. He helped us, offered us support and made sure we get through things very smoothly. he answered all our questions and was always available to chat, was very proactive and always had the answers.

Reta

I can’t recommend enough Sam, he’s caring, savy, organise, responsive and very knowledgeable, Sam really care about you and he will always procure to get the best outcome for you. Thanks so much for your help Sam, I can’t thank you enough.

Patrick

We met with Samuel and right from the start he listened to our goals and got us meeting with the relevant people. He was extremely proactive and found lenders to say yes when our current said no. Have used him many times and would recommend him to any small business owner who is trying to get ahead and set up an income for their future and future family. Look forward to continue to working with him and his team

Andrea

Samuel has been incredibly helpful guiding us through our first home purchase. He’s been incredibly patient, very responsive, and got us a great deal on our mortgage. On top of all that, his business model is geared toward socially responsible and ethically minded businesses/banks – something we really valued. It’s great to know our investment is doing something great for us, but also for others and the world. We would highly recommend this business and specifically Samuel, he’s just an absolute legend!