Relax boys... they can't make it too easy.
- Application must be a new application involving a property purchase and must be originated via the RBS Channel (Online Home Loans or partial discharges, substitutions are not eligible)
- Maximum aggregated loan amount of $750,000, for the total loan application, where secured by the purchase property
- Maximum 70% LVR for the loan application
- Purchase price of the property must not exceed $1.5 million
- The purchase is conducted at arms length (where both the seller and purchaser act independently of each other and have no connection or relationship to each other)
- The purchase is conducted via an independent real estate agent
- The Contract of Sale must be dated within the last 90 days
- The property has not been purchased "Off the Plan"
- The property must be located within the Postcode listings - refer Acceptance of Contract of Sale Postcodes
- The property must be residential, and must NOT include any of the following property types:
- Vacant land
- Construction (including Kit homes)
- Commercial buildings
- Commercial strata units
- Hotel/Motel apartments
- New House & Land package
- Company title
- Manager residence QLD
- Relocatable homes
- Serviced/Managed apartments
- Property greater than 2 hectares
- Rural farm residence
- Three or more dwellings on the one title
- A Leasehold Estate property (excluding ACT and Perpetual - e.g. Mt Hotham, Falls Creek, Mt Butler, Hamilton Island etc)
- Retirement units or aged restricted developments
- Purpose built student accommodation units
- Property subject to a non-standard lease (e.g. DHA, NRAS etc)