Buying Your Next Home

Whether it's an upgrade because of an expanding family, a downgrade after the kids leave home or it's your next renovation project, buying your next home is a major change in your life. But before you take that next big step, it is important to make sure that your finances are in order. Take the time to research your options as this can save you both time and money.

When you first meet with your broker you’ll be asked a number of questions about your financial position. It's best to bring as much information as possible to the first meeting which, if possible, should include copies of pay slips as proof of income, bank statements as proof of savings, your tax file number, your driver’s licence and latest tax returns.

Coastal Lending Services specialise in making it as simple as possible for you by:

Working with you to help choose a home loan that is the most suitable for your needs.
Completing all the necessary documentation with you.
Running you through all the other costs that you are likely to incur like stamp duty, conveyancing fees and bank fees.

Lending Pre-Approval

If you haven't found the perfect home, Coastal Lending Services can arrange pre-approval; this will give you the peace of mind of knowing exactly how much you can borrow. In such a competitive housing market, this will give you a head start on other purchasers and can even broaden your options to attend auctions.

The Real Costs of Buying and Selling a Home

Break Loan Fees or Deferred Establishment Fees are very common today. Your Coastal Lending Services loan specialist will help you to work out what it will cost you to leave your current loan.

Apart from stamp duty (also known as transfer duty) and Lenders Mortgage Insurance, there are a number of additional expenses you should consider when buying your next home. Costs include loan establishment fees, solicitor/conveyancing fees, building/council inspection, pest inspection, home and contents insurance, rates adjustments, moving expenses and utility connections.

Bridging Finance

Sometimes there can a period of overlap where your previous home has not yet been sold and your new home is ready to go. In those circumstances we can arrange Bridging Finance to help you to move into your new home sooner.

Your investment team

As Coastal Lending Services are part of the Partners in Wealth Financial Services Group, our team of qualified Financial Planners can assist you in not only making sure that your loan is structured correctly, but your overall financial situation, including your Superannuation, Personal Insurance and Estate Planning needs are also addressed. These areas are considered key aspects in developing and protecting your long term wealth goals.

Do you need to sell your previous home?

It is well worth exploring the option of whether you can afford to keep your existing home as an investment property and still buy your next home. Your Coastal Lending Services loan specialist in liaison with a fully qualified Financial Planner from Partners in Wealth Financial Services can provide you with an estimate of what it would cost to do this.

Where to from here?

While there are many online calculators available, they do not take into account all of your individual circumstances. We have a very short online enquiry form which will ask you some very basic questions and then organise for a Costal Lending Services loan specialist to contact you. By completing this quick and easy form we can already have some of the preliminary investigation completed before we call you, enabling you to be better informed, more quickly.

Or contact the dedicated team of Coastal lending Services on (02) 4396 9755

Useful Information

Below you will find links to useful information when buying your next home.