Can I use the first home buyers grant in buying a fully funded property?

Yes

What happens if I cant keep up the mortgage payments?

The property loan contract will cease after a prescribed period of notice and the property will be recovered by the lender. However IOS can arrange for you to take out an Income protection policy to cover you for payments in case of accident or illness.

Can I buy the property with a friend or partner?

Yes, providing they can demonstrate reliable income.

How long will it take to get approval?

Providing you have answered all the questions we will have an indicative approval in 24 to 48 hours.
Once the formal loan application has been received from you and all attendant ID and other lender requirements, the written offer will be made within 7 to 10 days

If the answer to your question is not on this page and is not stated elsewhere in this website, please do not hesitate to contact us.