NAB welcomes expansion of Home Guarantee Schemes

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NAB is looking forward to helping more Australians buy their very own home with the expansion of the Home Guarantee Schemes.

The Schemes help first home buyers and single parent families get into their own home sooner with a deposit of as little as five per cent or two per cent respectively.

NAB Group Executive Personal Banking, Rachel Slade said NAB had seen first-hand how the Schemes have helped thousands of Australians purchase a home earlier than they thought possible.

“Customer interest has been beyond our expectations from day one,” Ms Slade said. “Price growth has made it more challenging for many Australians to enter the housing market, which is why support measures such as these are so important.

“At NAB, we have been able to support over 12,000 Australians buy their first home via the Schemes over the past two years. We look forward to supporting thousands more in partnership with the Federal Government and NHFIC.”

“We welcome the new Regional Home Guarantee (RHG) which will provide further support to first home buyers and non-first home buyers across regional Australia where house prices have risen sharply the past 12 months.

“Through this competitive housing market, we’ve seen the confidence provided by fast decisions is critical in reducing stress and supporting customers into their dream home. Around 50 per cent of eligible customers are now provided a decision within a day and 30 per cent of those are getting unconditional approval within an hour.”

For more information on the Home Guarantee Scheme, or to book an appointment with our specialist team of lenders, visit First Home Loan Deposit Scheme (FHLDS) | First home buyers – NAB

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