There’s a few changes starting to sneak through at the moment by lenders that is really big news for people looking at buying their first homes. We first started seeing signs of this last month with the news that one of the lenders had drastically relaxed its policy on what first home buyer could use as genuine savings.

This has now been followed up with further news that the same lender is no longer imposing a loading of 0.2% on its high LVR products (in certain circumstances) that it introduced during the height of the GFC but we’re now starting to see more lenders now increasing the percentage that they will lend from 90% to 95%.

With house prices apparently stabilising at the moment, this could be just the perfect timing for anyone who has been thinking about buying their first home to put pen to paper and do some calculations on how much more they could save. We’d be happy to help as well with any advice so feel free to call us.

Don’t sit around and think too long without taking action though because there will be people that will be interested in this news!

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• Big news for First Home Buyers
• First Home Buyers a Low Priority?
• Still can’t believe we are in our own home …
• Are you sick of renting?
• Women continue to be the driving force in first home buyers

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