Bankwest are kicking off 2022 with their First Home Buyer Boost, aimed to ease the financial burden for those looking to purchase their first home. If you, or someone you know is looking to take out first home loan, then this could be for you.

For new home loan application submitted between Tuesday 18^th January 2022 and Thursday 17^th March 2022, applicants who are purchasing their first home may qualify for a $1500 cash back which is sure to ease a little of the financial burden of getting into the property market.

To qualify for this scheme, you are required to meet the following criteria:

• Purchasing of a first home
• Lending must have a minimum loan to value ratio of 80%, but no more than 98%
• For both established and construction
• Applications must be submitted during the qualifying period
• Loan must be disbursed by Friday 30^th September 2022
• Minimum loan amount to be $200,000
• Repayment type must me principal and interest (unless during construction period)
• Owner occupied purpose only
• Not available for land purchases.

But wait – there’s more!

Bankwest are committed to delivering an exceptional customer experience and as a result have other perks when you bank with them including:

• Fast turnaround – acknowledging that time is of the essence Bankwest can turn around applications as quickly as one business day.
• Low Rates – Whether it be variable or fixed rates, there are options to secure a competitive deal and pay off your loan sooner.
• Bankwest App – Making banking on the go easier, managing your money from your digital wallet with Bankwest is a game changer, with the added bonus of chatting to a customer service consultant instantly.
• Paperless Loan Docs – Saving time and not to mention tress, paperless loan docs make the journey to settlement a breeze.
• RAC Arena Discounts – And for the cherry on top, Bankwest customers will enjoy 10% discount on food and beverages at RAC Arena!

There are many great incentives and grants available to first home buyers and it pays to have an experienced mortgage broker on your side to help guide you through the options. To find out more about this great deal from Bankwest or anything home loan related, your Blackburne Mortgage Broking team is here to help!