Hi,
Looking to purchase my first property soon. My question is does the mortgage have to be under my name in order to claim the FHOG?? I was wanting to re-finance my dad's existing mortgage to purchase the property and not sure if this will affect the outcome of getting the FHOG.
kons101
As long as the property is not your principal place of residence and is treated as an investment property (and all other FHOG criteria have been met) you should still be able to still qualify for the Grant when you purchase your PPOR.
Richard Taylor | Australia's leading private lender
As long as the property is not your principal place of residence and is treated as an investment property (and all other FHOG criteria have been met) you should still be able to still qualify for the Grant when you purchase your PPOR.
Richard Taylor | Australia's leading private lender
Why can't the property be my principal place of residence?
If the mortgage and title is in your fathers name, you will not get the FHOG
What if the mortgage is in my father's name but the title is in my name?
Firstly you wont get a lender provide that and secondly the answer is NO.
Richard Taylor | Australia's leading private lender
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