Thousands of first home buyers are at risk of losing government housing grants because of avoidable mistakes, warns Sydney financial consultant, Gabriel Nakhl of http://www.GNFinance.com.au
The government grant has made a big difference to many people in terms of whether they are actually in a position to purchase a new home.
Many young people however are unknowingly making themselves ineligible to receive the grant.
Gabriel from http://www.GNFinance.com.au explained it like this “The first of these mistakes is when parents go guarantor for their kids and the guarantor goes on the first home buyer’s title. Often this means the kids are not eligible for the grant.
“Secondly, when parents sell a house to their kids at a cheap price, when the children buy a separate home they’ve already lost their grant on the first home.
“Thirdly, when a person is buying a first home with a partner and that partner has owned a property before then often the entitlement is lost”.
Mr Nakhl went on to say “financial consulting is a highly regulated industry, so there are solid safeguards to protect clients. It’s very important to get the right advice. Look for financial consultant companies websites that have links to the major banks. An example might be Sydney financial consulting company http://www.GNFinance.com.au
That way you know that the financial consultant you are investigating can actually provide you with all the best options”
More information on Gabriel Nakhls comments can be found at the website listed below or by calling 0410504774
