We expect to launch it early in 2022.

To start, we are focused on helping clients are looking to buy properties in Melbourne that have saved anywhere between 10% to 20% of the sales price (in addition to any stamp duty costs). We are looking to help as many people as we can, however we won’t be co-investing in most apartments because we know they tend not to grow much in value over time.

We are focused on supporting homeowners to buy their dream home. At the moment we are not supporting investment property purchases with the LongView YourHome offering.

Usually between 5 and 10% of your purchase price. We contribute up to 1/3 of the equity (the part that’s your money, not the bank’s money) in your home as a YourHome client. For example, if you have saved $100,000 to put toward a property we may contribute up to and additional $50,000 to help you purchase your dream home.

It’s your home. We don’t want to interfere with your home decisions. We do eventually need our investment back though! We work with you to set an end date for the YourHome contribution, which is the date you will need to pay us back our share if you haven’t sold your property by then. As an example, if the end date was 12 years from the date of purchase, we are confident that most YourHome clients will have sold their property or bought out our share well before this end date.

No, you don’t need to pay us any interest to access YourHome. When you sell your property, you pay us back the same share of the equity that was provided to you when you purchased the property as described here.

We will register a second ranking mortgage on the property (ranking behind your bank loan mortgage) only to ensure that we are paid our share when you sell the property. You have NO mortgage interest payments to us at any time – it is not like a bank loan. If you break the terms of our agreement, for example, by defaulting on your mortgage or demolishing your house, we would rely on our mortgage protection to ensure our share is paid to us.

Our team will work with you and provide to you the LongView Contract and Letter of Support which can be used by the Bank to provide comfort of the availability of the LongView funds for your purchase.

No, it’s your home. You are responsible for stamp duty as you would be without LongView’s help.

No, it’s your home. You are responsible for mortgage repayments as you would be without LongView’s help.

It’s your home, so it’s your decision what to buy. Our buyer advisors will work with you to help find and negotiate the best home for you and your family’s needs and one we think will also be a good investment for you. If you want to buy a property that does not meet our investment criteria, we will tell you that. If you still have your heart set on such a property, our buyer advisors offer a range of services that can help you to secure that property on the best possible terms with your own money, but we won’t co-invest in it with you.

We are experts in finding and negotiating deals for properties with capital growth potential. Our buyer advisors have purchased thousands of properties and they are backed by an industry-leading team of data scientists who analyse the market all day, every day. That’s why we are confident we can make such a good investment together.

As a result, when you sell, your equity is expected to have increased substantially and therefore, so will our share as we divide the capital growth in the same proportions between us as we put the money into the equity when you bought your home. Let’s assume we purchase a property for $1m with $200k equity – say with 75% being your money – $150K – and 25% of which funded by LongView YourHome. If your doubles in value by the time you sell it, your equity will grow 6X (from $150k to $900k) and so will our equity (from $50k to $300k). The secret to getting strong capital growth lies in buying the best properties.

We think it is a fair deal because whatever share of the deposit we provide is the same share of the equity we receive when you sell. You and we make exactly the same return on our investment.

No. It’s your home. LongView’s name is not on the title as an owner. We will have a second mortgage over the property solely to ensure that we are paid our share when you sell (or if you break the terms of our agreement together).

Yes, you need to maintain insurance for the full replacement value of the property for your own protection and for ours.

Yes, it’s your home. You don’t need to ask our permission to renovate. But we are always available to give our professional advice on the best ways to go about it. As you get the benefit of living in the renovated home, you pay for whatever renovations you want to make.

It’s your home, and you’ll enjoy the benefits of renovating it. Contrary to what you may see on TV, our experience is that most renovations don’t add more value to the property than they cost, so the benefit of the renovation goes to the people living there. With this in mind, we don’t typically share in the costs of renovations by providing additional money to assist.
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In the case of large structural renovations (e.g. adding additional bedrooms or bathrooms), these may add about the same value to the home as they cost. If you pay for them by borrowing more from the bank, then this money goes back to the bank when the home is sold – it doesn’t end up making extra money for you or for LongView.

In the case of “cosmetic” renovations (e.g. updating the kitchen or bathroom), these will gradually go down in value over the years after they are done as the appliances age. For this reason, they tend not to add value to the home unless it is sold fairly soon afterwards. So the benefit goes to you as you live in a nicer home.

If it makes sense to make some improvements at the time to sell the property for a higher price, we’re happy to talk about the possibility of LongView contributing to those costs if they are done at the time you are looking to sell.

It’s your home. To that extent we expect it to be your principal place of residence. If you want to rent it out and/or change it to an investment property you need to let us know as this may have tax and other financial consequences for you and potentially for us. We may ask you to buy out our share if you are only keeping the property as an investment, not as your home.

It’s your home. Our contract is with the registered owner of the property and our security is reflected by the second mortgage. Either of you may choose to keep the property in the divorce settlement or agree to sell the property or buy us out. We don’t interfere with your family decisions, but are always happy to provide guidance or assistance with the property for you at such a difficult time.

Is there an annual review as part of this process, like there are with the banks and in many Government schemes?

No, it’s your home. You don’t owe us any reports or information or notifications if your circumstances change (just access to the information that shows you are keeping the property insured and paying the mortgage as per our agreement). We will keep you updated on how the value of the property is going and how the broader market is going. We are always available to give you any advice you want about your property.

It’s your home. We can not and will not make you sell your property unless you reach the end date we agreed up front and you haven’t sold or bought us out by then or if you break the terms of our agreement – for example by defaulting on your mortgage or demolishing the property, then the property may be sold to recoup the money provided on the agreed terms.

No. If you sell your property it must be at Fair Market Value using the normal marketing campaign for a property and sold in a competitive marketplace, unless we agree together otherwise in some special circumstances.

If the property has not been sold or you have not bought out LongView by the end date we agreed at the beginning, we may require you to sell. We will work closely with you to help you refinance the property so that you can buy out our share if you don’t want to sell the property.

Yes, you can buy us whenever you like, but not at a valuation lower than you paid for the property.

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Yes, you can buy part of our share out. You will need to buy out at least $10,000 on each occasion.

We will provide you with a list of approved valuers including the basis for the valuation, which will be the fair market value had the property been sold. You can request us to commission a valuation so that you can understand and buy out all or part of the LongView Share within 60 days of the valuation.

If you request us to commission a valuation and decide to buy out some, or all, of our share, we will share the cost of the valuation with you.

​If you request us to commission a valuation and don’t proceed to buy out any of our share you will need to pay the full cost of the valuation.