Got An Unusual Situation Such As Gifting A House?

Got An Unusual Situation Such As Gifting A House? Loan Guides Example
Problem

Simon and Lily’s family was growing and they were keen to move from their townhouse and buy a larger family home.

Coincidentally Lily’s parents were looking to downsize to a smaller property.

They were happy to gift the property at Mawson Lakes to their only daughter Lily and partner Simon (transferring property to family), who would assume the outstanding debt of $356,000 and treat that as the purchase price, representing a 65% LVR.

Solution

With our Specialist Clear Loan we were able to get the loan approved for Simon and Lily as a favourable purchase (gifted property).

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