NAB has today opened a new waitlist for the First Home Loan Deposit Scheme (FHLDS) New Home Guarantee, with eligible customers now able to apply for conditional approval as the first step to securing their first home.

The new waitlist applies to the additional 10,000 FHLDS Scheme places announced earlier this month by the Federal Government, to support Australians build their first home or buy a newly-built property. This is on top of the 10,000 places that became available on July 1.

NAB Executive Home Ownership Andy Kerr said NAB was proud to continue its association with the FHLDS as it continues to help Australians purchase their first home sooner.

“We’re excited to open the door to new entrants to the First Home Loan Deposit Scheme (New Home Guarantee) and we expect the same strong demand we’ve seen since the initiative was first launched in January,” Mr Kerr said.

“The expansion of the Scheme will provide more opportunities for Australians to enter the housing market, while the focus on new builds will also support Australia’s critical construction sector.”

NAB has supported thousands of Australians buy their first home through the Scheme since January 1.

“We understand buying a first home is both an exciting and daunting process and we’re here to help our customers through this journey,” Mr Kerr said.

“We encourage interested first home buyers to contact a NAB banker or their broker as soon as possible to talk through their options and how to apply.”

First home buyers can get in touch with NAB’s specialist team of lenders through nab.com.au/fhbscheme.

Background

• NAB’s waitlist for the first allotment of FHLDS in FY20 places remains closed.