{"id":5429,"date":"2024-05-23T10:15:54","date_gmt":"2024-05-23T00:15:54","guid":{"rendered":"https:\/\/financialplus.com.au\/?p=5429"},"modified":"2024-05-23T10:15:54","modified_gmt":"2024-05-23T00:15:54","slug":"what-you-should-know-before-buying-subject-to-finance","status":"publish","type":"post","link":"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/","title":{"rendered":"What you should know before buying \u2018subject to finance\u2019"},"content":{"rendered":"

\"\"Not sure if you\u2019ll get the thumbs up for a home loan? But you really, really like that house that just popped up? Making an offer \u2018subject to finance\u2019 could be the right move. Here\u2019s how it works.<\/strong><\/p>\n

Picture this. You\u2019ve seen a home you\u2019re crazy about, and you don\u2019t want to miss out to another buyer. So, you sign on the dotted line and hand over your deposit.<\/p>\n

Things are getting real now. But what if they\u2019re not? What if you struggle to land a home loan?<\/p>\n

It\u2019s a scenario every home buyer dreads.<\/p>\n

If you have to back out of the contract because you can\u2019t get loan approval, you could lose your deposit.<\/p>\n

One possible solution, however, is to make your offer \u2018subject to finance\u2019.<\/p>\n

Why make an offer subject to finance?<\/h3>\n

In practical terms, making an offer subject to finance means an extra clause is added to the sale contract.<\/p>\n

Essentially, it can allow the buyer to walk away from a sale with their deposit intact if mortgage finance can\u2019t be arranged within a set timeframe.<\/p>\n

Understandably, the seller won\u2019t wait around forever. So, the time allowed to secure loan approval can be tight, often a matter of days.<\/p>\n

However, a subject to finance clause could help you avoid a last minute race for finance \u2013 a pressure-cooker situation that could see you accept a loan or lender that\u2019s not right for your needs.<\/p>\n

The downside of buying subject to finance<\/h3>\n

There is a catch to making an offer subject to finance: the seller doesn\u2019t have to agree to it.<\/p>\n

In today\u2019s property market, homes are selling fast \u2013 in\u00a0as little as 10 days in some neighbourhoods<\/a>.<\/p>\n

With that sort of buyer demand, there may not be much incentive for a seller to agree to an offer that\u2019s subject to finance.<\/p>\n

Or, if you\u2019re buying at auction, the sale is usually unconditional. Chances are you won\u2019t have an opportunity to alter the sale contract.<\/p>\n

These drawbacks highlight the value of speaking to us before you go home hunting.<\/p>\n

Having your loan pre-approved, for example, can take away a lot of the uncertainty around securing finance.<\/p>\n

Can I buy before I sell?<\/h3>\n

When you\u2019re ready to climb the property ladder, another key question is often whether it\u2019s better to sell first and buy later.<\/p>\n

With money in the bag from the sale of your old home, you may be less concerned about making an offer subject to finance.<\/p>\n

That said, if you see a place you want to buy before your home sells, a bridging loan could cover the funding gap.<\/p>\n

The beauty of a bridging loan is that this type of finance usually requires interest-only payments, not principal and interest payments.<\/p>\n

The downside is that the interest rate tends to be higher than for a traditional home loan.<\/p>\n

Talk to us today<\/h3>\n

There\u2019s a lot to plan for when you\u2019re buying your next home.<\/p>\n

Call us to streamline your purchase. From subject to finance offers to bridging loans, upgrading can be a lot less stressful when you know the options.<\/p>\n

Disclaimer:<\/strong>\u00a0The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Not sure if you\u2019ll get the thumbs up for a home loan? But you really, really like that house that just popped up? Making an offer \u2018subject to finance\u2019 could be the right move. Here\u2019s how it works. Picture this. You\u2019ve seen a home you\u2019re crazy about, and you don\u2019t want to miss out to […]<\/p>\n","protected":false},"author":23,"featured_media":5430,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[110],"tags":[],"class_list":{"0":"post-5429","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-home-loans","8":"entry"},"yoast_head":"\nWhat you should know before buying \u2018subject to finance\u2019 · FinancialPlus Mortgage Broker Gold Coast<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What you should know before buying \u2018subject to finance\u2019 · FinancialPlus Mortgage Broker Gold Coast\" \/>\n<meta property=\"og:description\" content=\"Not sure if you\u2019ll get the thumbs up for a home loan? But you really, really like that house that just popped up? Making an offer \u2018subject to finance\u2019 could be the right move. Here\u2019s how it works. Picture this. You\u2019ve seen a home you\u2019re crazy about, and you don\u2019t want to miss out to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"FinancialPlus Mortgage Broker Gold Coast\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-23T00:15:54+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/financialplus.com.au\/wp-content\/uploads\/Blog-1100x733-Subject-to-Finance-2024.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"733\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"FinancialPlus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"FinancialPlus\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/\"},\"author\":{\"name\":\"FinancialPlus\",\"@id\":\"https:\/\/financialplus.com.au\/#\/schema\/person\/7b0d029a6587cbef16ed101f41756057\"},\"headline\":\"What you should know before buying \u2018subject to finance\u2019\",\"datePublished\":\"2024-05-23T00:15:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/\"},\"wordCount\":639,\"publisher\":{\"@id\":\"https:\/\/financialplus.com.au\/#organization\"},\"image\":{\"@id\":\"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/financialplus.com.au\/wp-content\/uploads\/Blog-1100x733-Subject-to-Finance-2024.jpg?fit=1100%2C733&ssl=1\",\"articleSection\":[\"Home Loans\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/\",\"url\":\"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/\",\"name\":\"What you should know before buying \u2018subject to finance\u2019 · FinancialPlus Mortgage Broker Gold Coast\",\"isPartOf\":{\"@id\":\"https:\/\/financialplus.com.au\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/financialplus.com.au\/wp-content\/uploads\/Blog-1100x733-Subject-to-Finance-2024.jpg?fit=1100%2C733&ssl=1\",\"datePublished\":\"2024-05-23T00:15:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/financialplus.com.au\/wp-content\/uploads\/Blog-1100x733-Subject-to-Finance-2024.jpg?fit=1100%2C733&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/financialplus.com.au\/wp-content\/uploads\/Blog-1100x733-Subject-to-Finance-2024.jpg?fit=1100%2C733&ssl=1\",\"width\":1100,\"height\":733},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/financialplus.com.au\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What you should know before buying \u2018subject to finance\u2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/financialplus.com.au\/#website\",\"url\":\"https:\/\/financialplus.com.au\/\",\"name\":\"Financial Plus Mortgage Broker Gold Coast\",\"description\":\"Gold Coast mortgage broker - home loans, car loans, commercial loans, business loans, first home buyers\",\"publisher\":{\"@id\":\"https:\/\/financialplus.com.au\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/financialplus.com.au\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/financialplus.com.au\/#organization\",\"name\":\"Financial Plus\",\"url\":\"https:\/\/financialplus.com.au\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/financialplus.com.au\/#\/schema\/logo\/image\/\",\"url\":\"http:\/\/financialplus.com.au\/\/wp-content\/uploads\/financial-plus-logo.png\",\"contentUrl\":\"http:\/\/financialplus.com.au\/\/wp-content\/uploads\/financial-plus-logo.png\",\"width\":400,\"height\":98,\"caption\":\"Financial Plus\"},\"image\":{\"@id\":\"https:\/\/financialplus.com.au\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/financialplus.com.au\/#\/schema\/person\/7b0d029a6587cbef16ed101f41756057\",\"name\":\"FinancialPlus\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/financialplus.com.au\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/40c4914d8dd124d0c5d1cd35c19fc63a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/40c4914d8dd124d0c5d1cd35c19fc63a?s=96&d=mm&r=g\",\"caption\":\"FinancialPlus\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What you should know before buying \u2018subject to finance\u2019 · FinancialPlus Mortgage Broker Gold Coast","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/","og_locale":"en_US","og_type":"article","og_title":"What you should know before buying \u2018subject to finance\u2019 · FinancialPlus Mortgage Broker Gold Coast","og_description":"Not sure if you\u2019ll get the thumbs up for a home loan? But you really, really like that house that just popped up? Making an offer \u2018subject to finance\u2019 could be the right move. Here\u2019s how it works. Picture this. You\u2019ve seen a home you\u2019re crazy about, and you don\u2019t want to miss out to […]","og_url":"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/","og_site_name":"FinancialPlus Mortgage Broker Gold Coast","article_published_time":"2024-05-23T00:15:54+00:00","og_image":[{"width":1100,"height":733,"url":"http:\/\/financialplus.com.au\/wp-content\/uploads\/Blog-1100x733-Subject-to-Finance-2024.jpg","type":"image\/jpeg"}],"author":"FinancialPlus","twitter_card":"summary_large_image","twitter_misc":{"Written by":"FinancialPlus","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/#article","isPartOf":{"@id":"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/"},"author":{"name":"FinancialPlus","@id":"https:\/\/financialplus.com.au\/#\/schema\/person\/7b0d029a6587cbef16ed101f41756057"},"headline":"What you should know before buying \u2018subject to finance\u2019","datePublished":"2024-05-23T00:15:54+00:00","mainEntityOfPage":{"@id":"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/"},"wordCount":639,"publisher":{"@id":"https:\/\/financialplus.com.au\/#organization"},"image":{"@id":"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/financialplus.com.au\/wp-content\/uploads\/Blog-1100x733-Subject-to-Finance-2024.jpg?fit=1100%2C733&ssl=1","articleSection":["Home Loans"],"inLanguage":"en-AU"},{"@type":"WebPage","@id":"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/","url":"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/","name":"What you should know before buying \u2018subject to finance\u2019 · FinancialPlus Mortgage Broker Gold Coast","isPartOf":{"@id":"https:\/\/financialplus.com.au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/#primaryimage"},"image":{"@id":"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/financialplus.com.au\/wp-content\/uploads\/Blog-1100x733-Subject-to-Finance-2024.jpg?fit=1100%2C733&ssl=1","datePublished":"2024-05-23T00:15:54+00:00","breadcrumb":{"@id":"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/#primaryimage","url":"https:\/\/i0.wp.com\/financialplus.com.au\/wp-content\/uploads\/Blog-1100x733-Subject-to-Finance-2024.jpg?fit=1100%2C733&ssl=1","contentUrl":"https:\/\/i0.wp.com\/financialplus.com.au\/wp-content\/uploads\/Blog-1100x733-Subject-to-Finance-2024.jpg?fit=1100%2C733&ssl=1","width":1100,"height":733},{"@type":"BreadcrumbList","@id":"https:\/\/financialplus.com.au\/what-you-should-know-before-buying-subject-to-finance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/financialplus.com.au\/"},{"@type":"ListItem","position":2,"name":"What you should know before buying \u2018subject to finance\u2019"}]},{"@type":"WebSite","@id":"https:\/\/financialplus.com.au\/#website","url":"https:\/\/financialplus.com.au\/","name":"Financial Plus Mortgage Broker Gold Coast","description":"Gold Coast mortgage broker - home loans, car loans, commercial loans, business loans, first home buyers","publisher":{"@id":"https:\/\/financialplus.com.au\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/financialplus.com.au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Organization","@id":"https:\/\/financialplus.com.au\/#organization","name":"Financial Plus","url":"https:\/\/financialplus.com.au\/","logo":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/financialplus.com.au\/#\/schema\/logo\/image\/","url":"http:\/\/financialplus.com.au\/\/wp-content\/uploads\/financial-plus-logo.png","contentUrl":"http:\/\/financialplus.com.au\/\/wp-content\/uploads\/financial-plus-logo.png","width":400,"height":98,"caption":"Financial Plus"},"image":{"@id":"https:\/\/financialplus.com.au\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/financialplus.com.au\/#\/schema\/person\/7b0d029a6587cbef16ed101f41756057","name":"FinancialPlus","image":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/financialplus.com.au\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/40c4914d8dd124d0c5d1cd35c19fc63a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/40c4914d8dd124d0c5d1cd35c19fc63a?s=96&d=mm&r=g","caption":"FinancialPlus"}}]}},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/financialplus.com.au\/wp-content\/uploads\/Blog-1100x733-Subject-to-Finance-2024.jpg?fit=1100%2C733&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pfCavx-1pz","_links":{"self":[{"href":"https:\/\/financialplus.com.au\/wp-json\/wp\/v2\/posts\/5429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialplus.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialplus.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialplus.com.au\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/financialplus.com.au\/wp-json\/wp\/v2\/comments?post=5429"}],"version-history":[{"count":1,"href":"https:\/\/financialplus.com.au\/wp-json\/wp\/v2\/posts\/5429\/revisions"}],"predecessor-version":[{"id":5431,"href":"https:\/\/financialplus.com.au\/wp-json\/wp\/v2\/posts\/5429\/revisions\/5431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialplus.com.au\/wp-json\/wp\/v2\/media\/5430"}],"wp:attachment":[{"href":"https:\/\/financialplus.com.au\/wp-json\/wp\/v2\/media?parent=5429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialplus.com.au\/wp-json\/wp\/v2\/categories?post=5429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialplus.com.au\/wp-json\/wp\/v2\/tags?post=5429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}