You know you’ve landed in a great neighbourhood if you’ve only been in your house a matter of days and you receive a welcome note in your letter box from a neighbour. Tom Blacker and Sophie Williams still can’t quite believe they own their own property in Esperance, and both say the journey to home ownership wasn’t as arduous as expected.
“We did do our research, we had a budget and we wanted to stick to it. We wanted a property in the centre of town which could accommodate not only our chocolate llabrador, but also a shed to store our caravan and Tom’s tools,” Sophie explains.
Getting on the property ladder
The couple had been renting for two years and decided the time was right to buy. Both Tom and Sophie are in established jobs, Sophie is an occupational therapist and Tom is a plumber and they’d been with their respective employers for a year.
They were looking for house with a big backyard, close to the beach and in the centre of Esperance. They were happy to view properties which needed minor cosmetic work. In the space of six weeks, they looked at 15 houses, but in the end the one which really caught their eye was a home which was off market.
“The property had been unoccupied for several years and had been advertised on the open market but had then been taken off. It’s all about location and we knew that this three by two was the one for us,” says Tom.
Securing the right home loan
James Durrant, Mortgage Advisor at TV Financial Services was keen to get them the best home loan possible. Tom and Sophie said their experience using TV Financial Services was straightforward.
“A mortgage advisor is there to help you secure a mortgage, but James did much more than that. He helped us to lodge a First Home Buyers Application which meant that we did not pay for stamp duty on the house.”
Not only that, James also helped the couple complete paperwork to recoup $2k back as part of a Home Buyers Assistance Account, which is a scheme that covers incidental expenses such as termite and building inspection and settlement fees.
The loan was lodged over the Christmas period on the 22nd December 2018 and approved on the 3rd January 2019.
“James introduced us to a different type of mortgage that suited us perfectly. Part of the loan is fixed so the interest rate is locked in, while the other part is variable, which means you can pay instalments.”
A week in and refurbishments have started
Sophie and Tom plan to do some renovations to their house, and when the time comes to re-mortgage, they’ll be using TV Financial Services again.
“We’ve only been in the house a week, but we’re already sleeping in the lounge as we’ve started renovations on the master bedroom. It was a smooth process to secure a home loan thanks to TV Financial Services. It’s that personal touch which counts and I’d use them again in an instant.”