Will there be the option of getting a second mortgage over the property?

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• Will the property need to be valued?

  Yes, all first home loans (including refinancing) will require a registered valuation addressed to Simplicity Investment Management Limited. We will arrange the valuation with our approved valuer and you will be responsible for paying them. The cost ...

• How long is the mortgage for?

  The mortgages are for 30 years, and minimum monthly payments include interest and principal. You can pay off your mortgage in full, make top-up payments or switch it to another mortgage provider at any time, without any penalties or break fees. Your ...

• How much will you lend?

  The maximum we will lend is 80% of the registered valuation of the home, or its sale price, whichever is lower. There is no upper limit on how much we will lend, but we reserve the right to turn down any loan applications at our discretion. The ...

• Are there any administrative or set up costs?

  There will not be a Simplicity establishment fee, however, there will be the cost of valuing the property and your lawyer’s fees for conveyancing.

• Can I use the loan to purchase a property in a Trust or a Company?

  At this stage, we are only providing mortgages to individuals or joint owners.