In a world first, realestate.com.au has combined searching for property and getting a home loan in a single experience, allowing people to clearly see properties that are right for them as they look for their perfect home.
Buyers can instantly apply for online conditional approval for a home loan powered by NAB and have their finance information overlayed as they search. Or they can access a panel of more than 30 other lenders through realestate.com.au Home Loans.
The experience gives Australians a new level of confidence that they’re looking at the right places for them while also taking time, confusion and stress out of the home buying journey.
A key feature of the experience is the ‘Liveability’ tool, which allows people as they search to better understand how mortgage repayments on a specific property might affect their lifestyle. Based on how much income is left over after expenses and repayments, a scale will show whether a buyer’s standard of living post-purchase would be ‘Easy’, ‘Stretched’, or ‘Struggling’.
Users can save their information to their realestate.com.au profile, which follows them throughout their entire search experience, and they can adjust their planned purchase price or deposit amount for a particular property to easily calculate what they may be able to afford.
And, when a homebuyer is ready to purchase, the same information can be used to autofill an online conditional home loan approval application powered by NAB, saving time and effort.
Other features and benefits include:
- An integrated calculator on all individual property pages that includes an estimated calculation of upfront costs, like stamp duty, as well as ongoing home loan repayments;
- A transparent ‘value guide’, allowing homebuyers to gauge how their planned purchase price compares to recent sales of similar properties in that suburb;
- The security and financial expertise of one of the world’s leading banks – from first calculations through to conditional approval;
- The ability for homebuyers to receive a conditional home loan approval as they search for a home.
realestate.com.au and National Australia Bank (NAB) have worked together to deliver this world first experience to Australian home buyers as part of a strategic partnership.
Andrew Rechtman, realestate.com.au Executive General Manager – Residential, commented: “realestate.com.au Home Loans is about giving home buyers greater choice, convenience and confidence when it comes to finding and financing their home.
“Australians can search with confidence, knowing they have a realistic view of what they can afford, and they can be confident in choosing a home that suits their lifestyle,” Mr Rechtman said.
Angus Gilfillan, NAB Executive General Manager of Consumer Lending, commented: “We want to help simplify the property-buying experience for Australians. This digital integration of search and finance means we’re making a process that is, for many Australians, quite overwhelming, a much easier part of the property journey.
“We’re bringing our financial expertise to realestate.com.au so that Australians can search for a home and secure conditional approval, all in the one location, then go ahead and bid or buy with confidence,” Mr Gilfillan said.
The new realestate.com.au Home Loans experience is available across Australia’s #1 property site and app.