Services
We offer

First Home Buyers

Our team Lenco understands that all buyers have different objectives and scenarios; for example, some clients are excited to be buying their first home due to their limited income/deposit/family expenses whilst more experienced home buyers, maybe refinancing for home renovations or acquiring another property for investment.

We consult with clients free of charge to achieve their goals with best custom-built solution. We will take all the stress out of the process and get the best deal for our clients every single time, we will process your first home buyer grant application and get the funds available for settlement.

“We are here to help regardless of the type of home loan buyer you are:”

Purchasing an existing property, House, and land packages, Off the plan packages (town house, unit, or an apartment), Upgrading your main residence, or using refinance option, bridging home loan (if you are in between changing houses), parent guaranteed home loan (help your children buy their first property with your home equity)

When it’s time to apply for a home loan then it becomes extremely hard to know where to begin. The process seems so complicated that finding the right category of first home buyer loans can be confusing because there are so many options available. You can start your process by contacting us evaluating your plans and compare to see if you can prequalify for a suitable home loan.

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First Home Buyers

Frequently Asked Questions

What is a first time home buyer loan?

A first time home buyer loan typically offers basic features with introductory or ‘honeymoon’ rates (i.e. a lower interest rate for a set period). Once this period ends, it will revert to the base interest rate.
Lenders usually attract first time home buyers with honeymoon rates, but it’s important to be wary of the base rate it will revert to once this period ceases, as this rate may be substantially higher. Depending on your circumstances and financial goals, there may be more suitable home loan options available.
How do I choose which loan type is right for me?

Before choosing the ‘right’ home loan, we will to work out how much you can potentially borrow from a lender, the purpose of the loan (i.e. first home buyer, investing or refinancing), your repayment options (e.g. principal & interest or interest only), the type of interest rate (variable, fixed or split), the features of the loan (i.e. offset and redraw facility) and the types of fees attached to the loan. Once you’ve determined what type of loan is suitable, you can research, compare and apply for a home loan with us. This will make the task of finding an affordable, great value product much easier.
How can I apply for a first home buyer’s loan?

You can apply for a first home buyer’s loan by talking to a us, we can assist you with any queries you have about obtaining a suitable home loan. Alternatively, you can also go directly to a lender (e.g. a bank, building society, credit union etc.).

The Lenco Wealth Process

Our clients want experienced advisors who are sincere, a personalised and time efficient service and the best rates, our 5 step process is about ensuring every customer gets our 5 star service.

Customer Goal Analysis

This is the first initial discussion about their life goals, we explain the
customer how to create their life goals and achieve them, few of such goals are listed below.

1. Payoff home loan before retirement
2. Children’s higher education as you wish
3. Help children to start their life i.e. help children start-up business, spend money for children wedding, etc.
4. Collect sufficient funds for comfortable/luxury retirement.
5. Purchase Luxury Vehicle.
6. World tour in every 5years period.
7. Save money to go for an investment property.
8. Comfortable retirement etc.

Free Professional Property Investment Analysis

This stage we do investment analysis with
prospective investment property/properties for next ten years. considering

1. Customer information factors i.e. customer age, annual combine family income, number of dependents etc. as well
2. Environmental factors i.e. Annual general inflation rate, Home loan interest rates, Property market price fluctuations (due to GFC, Covid19 and other global impacts)
3. Income and expenses relating to the property/properties.
4. Legal factors i.e. Stamp duty, Land tax, Income Tax, Capital gain Tax, Property
value/depreciation etc.

We use specially designed software named PIAPro for this exercise.

Free Financial Assessment

This stage we do serviceability assessment considering customer age, annual combine family income, expenses, number of dependents, other debs, using selected lenders serviceability calculator.

Initiate Loan Process

This stage we collect the documents required for the loan, prepare loan application, submit to the lender and get loan approved.

Handholding and Guidance

This is the longest process which include, select the property, sign the contract, finalise the loan, loan documents/settlement, coordinate the conveyancer, progress payment, Construction completion, renting and property management.

WHAT OUR
CLIENTS SAY

We are so grateful to have been recommended the services of Lenco Property & Finance. We were fortunate enough to have had Prashantha in getting the required funding for a new commercial venture.
Always contactable, approachable and assisted greatly with the entire process. He delivered a highly favourable, great outcome. Would highly recommend.
Thank you!”

J. Mendes Dandenong

Great service, very happy, highly recommend.
I received great service and advice.

Ralani Taylors Hill

Prompt, helpful, knowledgeable and informative! We appreciated all of their efforts, they went above and beyond to ensure we were happy with everything and were extremely helpful through every step of the process!

Rajitha Caroline Springs

Lenco Finance & Property gave me professional advice for my unique house construction/purchasing and home loan requirement. Prasantha respond quickly with the proper information. The process was smooth and I felt comfortable to deal with the team. The team is friendly and professional to deal with, highly recommended for anyone looking for purchase/construct house and finance.

Jeewan Nunawading

Great service from Prasantha Lenora, found the perfect solution to some complex requirements and made the process easy. There was great support every step of the process and it was explained well. highly recommended contacting Lenco Property & Finance.

Hiran Hillside

We have had a very pleasant experience working with Prasantha. We did not have that much experience with building house and loans as we were first home buyers but working with Lenco Finance team, made that experience stress free one. He helped us secure an incredibly competitive interest rate and offered his guidance so we can take advantage of the future interest rate drop.

Thank you Prasantha for your incredible support and we have no hesitation what so ever in recommending Lenco Finance for your financial needs

Dammika & Chathuri Glenroy

We have had a very pleasant experience working with Lenco Property & Finance in purchasing the property at Bentleigh. As we did not have that much experience about the Australian property market working with Lenco team especially with Prasantha, made that experience stress-free. He helped us secure a property in one of the best locations in Melbourne at an incredibly competitive price.

Thank you Prasantha for your incredible support and we have no hesitation whatsoever in recommending Lenco Property & Finance for your property and finance needs.

Sabri Wahid Colombo

Helping

MIGRANTS SUCCEED

By building a successful property portfolio from scratch. Overcome the many challenges in creating a strong and secure future for yourself and your family.

Call Dr. Lenco

Talk to us

Phone: +61 402 168 142
Email: prasantha@lenco.com.au

Services
We offer