Perth Builder Aveling Homes Announces Innovative Financing Products

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Perth Home Builder Aveling Homes is introducing No-Deposit Finance and 50% rent payment available to qualifying home buyers. These innovative financing options will allow more West Australians to realise the joys of homeownership.

Qualifying Australians are able to borrow up to 95% of the loan amount.

Financing is the biggest obstacle to home ownership for many Western Australians. Award winning Perth home builder Aveling Homes has come out with innovative financing products to overcome this hurdle.

No-Deposit? No Worries Finance

Traditional home loans require buyers to put down 20% of the loan value for deposit. For many Australians who are otherwise financially sound, this can be difficult to attain. Aveling Homes has come out with the No-Deposit? No Worries finance product.

Qualifying Australians are able to borrow up to 95% of the loan amount.

They will then be issued a credit card pre-approved with a $20,000 limit and an interest rate reflective of the standard variable rate on the loan. This credit card can then be used to pay off the remaining 5% of the loan. Terms and conditions apply but for qualifying home buyers it can be a path to home ownership they never thought was possible.

50% Rent Payment

Building a home is a great way to own property but the building process does take time. Many new home buyers come from a rental background and the prospect of paying both rent and a mortgage each month can be intimidating.

With 50% Rent Payment assistance, home buyers who choose selected designs may be eligible for having 50% of their rent paid by Aveling Homes for a period up to 25 weeks. Rent and lodging during the construction period is a significant concern for many potential home buyers who wish to build but with 50% Rent Payment, it becomes much less of a burden.

As with all financing products, terms and conditions apply for this financing product.

Bridging Finance

For existing homeowners who want to purchase a new home, Aveling offers bridging finance to qualified Australians. Bridging finance is a short term loan that helps bridge the “gap” between selling a home and moving into a new one.

The bridging loan is a temporary interest-only loan that allows homebuyers to leverage their existing property’s equity to help finance the new home even before the old one is sold. During the bridging period the bridging finance requires only interest payments, allowing buyers to stay in their existing home for longer without the financial commitment of two full mortgage payments each month.

When the old property is sold the proceeds are then used to pay off the balance on the bridging loan. Bridging finance is most suitable to homeowners who have a significant equity in their existing home, as their interest payments will be lower.

No-Deposit Loans, rent assistance, and bridging finance are just some of the innovative financial solutions available from Aveling Homes, allowing more Australians to successfully finance their first home. With 20 years of helping thousands of home buyers finance their new homes, Aveling Home is the premier Perth home builder with the experience and the products to best serve Western Australian home buyers.

About Aveling Homes

Aveling Homes is an award winning home builder based in Perth dedicated to providing exceptional service. Find out more about our display homes and our house and land packages by contacting one of our representatives today.

Visit the Aveling Homes website at http://avelinghomes.com.au for more details about our services and available financing options for first time home buyers.

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Sean Quatermaine
Aveling Homes
042-222-3430 086-144-1000
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