2nd Chance Home Buyers

Second chance home buyers must not have realisable assets (as described below)
  • Borrowers must declare all assets and liabilities during the application process.
  • Borrowers must not own any other residential or commercial property or bare land
  • If the sale of realisable assets would produce sufficient deposit for the borrowers to fit within Westpac’s standard credit policy the borrowers are ineligible
  • If the total value of the borrowers' realisable assets is more than 20% of the relevant regional loan cap, then the borrowers are ineligible (See Regional Loan Caps )
  • Minimal short term debt

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