First Home Loan Deposit Scheme – COMING JANUARY 2020
Here are the emerging details of the new scheme and just another reason to use a mortgage broker to keep you up to date with all the options available to you.
NAB was selected as the first participant on the initial panel of lenders to offer guarantees under the scheme. The NHFIC has committed to announcing the other lenders on the panel before 20 December 2019.
The NHFIC’s Investment Mandate permits up to two major lenders to be appointed to the panel and to receive up to 50% of the 10,000 guarantees allocated per financial year, with a number of non-major lenders expected to be brought into the scheme as well. So not all lenders will be part of this new scheme. Stay tuned for further updates as they come to hand.