From tomorrow, CBA will start accepting new requests from eligible first home buyers purchasing new homes to join the FHLDS: New ³Ô¹ÏÍøÕ¾ Guarantee waitlist
CommBank has today announced that even more home buyers will be able to realise the Aussie dream of owning their own property under the extension to the First ³Ô¹ÏÍøÕ¾ Loan Deposit Scheme (the Scheme).
From tomorrow, eligible first home buyers looking to build or purchase a newly built home are able to request a place to join CBA’s waitlist.
As part of the 2020-21 Federal Budget, the Australian Government announced the New ³Ô¹ÏÍøÕ¾ Guarantee, an additional 10,000 Scheme places specifically for first home buyers purchasing new homes with a deposit of between 5 and 20 per cent of the property’s value.
Commonwealth Bank Group Executive Angus Sullivan said: “We have already helped more than 3,000 Australians purchase a house under the Scheme and are extremely supportive of the move to extend this to an additional 10,000 Australians looking to buy their first home.
“We know that saving for a deposit can be difficult. Given the challenges faced by many of our customers over the past few months, we support any initiatives that play a constructive role in helping first home buyers get onto the property ladder and support the broader economic recovery, specifically in the construction industry.
“We are proud to have been a major participant in the Scheme since its inception and have helped more Australians purchase a home under the Scheme than any other lender. One in four Australian home loans are with CommBank and with some of the lowest fixed rates on record our Australian-based call centres and industry-leading processing remain open for business and ready to assist.”
