A smart way to enter the market
Buying off the plan is an exciting opportunity to secure a brand-new property, often with valuable financial incentives. However, it also comes with unique risks and challenges. At More Loans, we guide you through every step, helping you navigate contract terms, prepare for valuation changes, and secure the right financing for your timeline. We simplify the process so you can move forward with confidence and clarity.
Plan for delays
Construction timelines can change and significantly, so ensure financial flexibility.
Understand deposit requirements
Typically, a 10% deposit is needed, with final payments due at settlement.
Choose a reputable developer
Research the developer’s track record and past projects.
Secure the right loan structure
Get a pre-approval and understand how lending policies may change before settlement. You may need to continue resubmitting your loan documents if your offer expires and settlement has not been called.
Assess market conditions
Property values may fluctuate, so have a contingency plan.
Key principles of buying off the plan
Book a discovery call - it’s complimentary!
Let’s talk! Book a call with our team, it’s the perfect first – or next – step toward achieving your financial goals.