Frequently Asked Questions

Who loans the money?

Deposit Saviour will organise a loan for you, through a smaller bank, which is more personal, this loan is approved on the basis that you pay that into a property.

What type of loan is it?

This loan will be a Line of Credit, which will reduce over the loan period, but more flexible that a straight out loan.

What type of property can I part purchase?

A residential property in accordance with your living requirements.

Can I choose?

The property purchased will be in the area of your choice. Deposit Saviour will through Property Saviour (Lic Agents), purchase the property on behalf of the investors.

Can I live in the property?

Yes you can live in the property as a tenant while having equity in the property.

Can I purchase the property outright?

Later you may choose to purchase the property outright.

How many investors are there?

The investing members will be limited to no more than four per property.

Deposit Saviour will organise the finance through Mortgage Saviour, the balance after the investing member numbers have been fulfilled.

Am I liable for the mortgage on the property?

The mortgage will not be your liability, the liability will be with Deposit Saviour.

What happens if I lose my job?

We can also arrange an insurance policy to cover that contingence. We will go through all of this type of information and questions with you until you are confident and understand it.

Will I be able to sell my portion of the property if necessary?

Yes you will be able to sell the property if necessary with a guaranteed 60 day buyback at market price.

Will I lose my first home buyers grant?

No you won’t lose it because you are not the sole owner of the property and you have not applied for it. Should you wish later to complete the purchase, at that point you can apply for first home owners grant.* Conditions apply and vary from State to State.

How is Deposit Saviour different?

The conventional way of saving for a deposit is that you put money away in the bank every pay day.

This method, is old style and with today’s properties increasing in value, you could be chasing a rainbow; by the time you think you have enough for your first home, it has increased in value by $10’s of 1000’s so you never catch up.

To add to the pain, your money in the bank has to be taxed so you are penalised for saving.

With our method you get a tax deduction because it is an investment for your future.

We also harness the potential capital growth for you, so in the future you have the added benefits of good capital growth.

It will grow in value over time. You may be liable to pay some capital gains tax, however our associate TAX SAVIOUR will get you the best possible outcome.

How is buying with Deposit Saviour going to benefit my situation?

When buying with Deposit Saviour you harness the potential capital growth, so in the future you have the added benefits of good capital growth along with instead of paying tax on money you are saving, the money you save becomes a tax deduction.