LongView’s Buying Boost will provide clients with a loan-to-valuation ratio of 80% or more with up to 100% of what they have saved to buy a home. 

In exchange for the initial contribution, LongView will take a share (usually 35%) of any future capital growth in the property, which is paid to LongView when you sell your home, or can be paid out earlier if you decide to buy out LongView’s share. 

For example, say you have $200k saved to cover a deposit and stamp duty. LongView would contribute an additional $200k, which takes your total equity available to $400k. In exchange, you would pay provide LongView with a 35% share of any capital growth when you sold your property, as well the initial contribution back ($200k in this example). 

LongView can still assist clients with loan-to-valuation ratios less than 80% however, the amount we can provide will depend on your circumstance.

Please get in touch with us to discuss further here 

No, you don’t need to pay us any interest to access Longview Buying Boost. When you sell your property, you pay us back the same share of the equity that was provided to you when you purchased the property as described here.

No, you only need to pay us out our initial contribution and our share of any capital growth when you sell the property. There are no repayments required while you are living in your home.

However, you do have the option to buy out our share at any time – we don’t want to be around any longer than what you need us for.

No, you are responsible for paying stamp duty on the property as you would be without Longview Buying Boost.

No, you are responsible for mortgage repayments as you would be without Longview Buying Boost.

We will register a second ranking mortgage or caveat, depending on your lender, to ensure that we are paid our share when you sell the property.

We work directly with lenders, as well as through trusted brokers, who are familiar with LongView Buying Boost offering and we look to ensure a smooth journey for you. Our team will provide you the Longview Buying Boost Contract and Letter of Support which can be used by the Bank to give comfort of the availability of the LongView Buying Boost funds for your purchase.

No, LongView Buying Boost is not on the title as an owner. You are the sole owner of the property. We will have a second mortgage or caveat registered on the property solely to ensure that we are paid our share when you sell.

We are focused on supporting homeowners. To that extent, we expect it to be your principal place of residence. If you want to rent it out and/or change it to an investment property you need to let us know as this may have tax and other financial consequences for you and potentially for us. We may then ask you to buy out our share if you are only keeping the property as an investment, not as your home.

Yes, it’s your home. You don’t need to ask our permission to renovate. But we are always available to give our professional advice on the best ways to go about it. As you get the benefit of living in the renovated home, you pay for whatever renovations you want to make.

It’s your home, and you’ll enjoy the benefits of renovating it. Contrary to what you may see on TV, our experience is that most renovations don’t add more value to the property than they cost, so the benefit of the renovation goes to the people living there. With this in mind, we don’t typically share in the costs of renovations by providing additional money to assist.

In the case of large structural renovations (e.g. adding additional bedrooms or bathrooms), these may add about the same value to the home as they cost. If you pay for them by borrowing more from the bank, then this money goes back to the bank when the home is sold – it doesn’t end up making extra money for you or for us.

In the case of “cosmetic” renovations (e.g. updating the kitchen or bathroom), these will gradually go down in value over the years after they are done as the appliances age. For this reason, they tend not to add value to the home unless it is sold fairly soon afterwards. So the benefit goes to you as you live in a nicer home.

If it makes sense to make some improvements at the time to sell the property for a higher price, we’re happy to talk about the possibility of LongView contributing to those costs if they are done at the time you are looking to sell.

Yes, you need to maintain insurance for the full replacement value of the property for your own protection and for ours.

Yes, you can buy us whenever you like, but not at a valuation lower than you paid for the property.

We will provide you with a list of approved valuers including the basis for the valuation, which will be the fair market value had the property been sold. You can request us to commission a valuation so that you can understand and buy out all or part of the LongView share within two months of the valuation.

If you request us to commission a valuation and decide to buy out some, or all, of our share, we will share the cost of the valuation with you. ​If you request us to commission a valuation and don’t proceed to buy out any of our share you will need to pay the full cost of the valuation.