The collaboration integrates LongView’s Buying Boost alongside three products in the AFG Home Loans suite
Mortgage aggregator Australian Finance Group (AFG) has partnered with residential property business LongView to launch a new initiative aimed at helping Australians with limited deposits purchase better quality homes sooner.
The collaboration introduces LongView’s Buying Boost, alongside three AFG Home Loans products: Retro, Link, and Align.
This pilot program, starting in Queensland, will expand to other states, offering potential homeowners another way to increase their purchasing power.
Buying Boost allows participants to enhance their deposit in exchange for a share of future capital growth, secured via a second mortgage. It targets residents with at least $100,000 to invest and offers up to 50% of the buyer’s deposit, capped at $300,000.
The initiative also benefits AFG’s network of mortgage brokers by providing them access to Home Accelerator, LongView’s proprietary platform that delivers detailed property insights and analytics. The tool seeks to streamline the home-buying process by matching client needs with their budgets, reducing the time to purchase and enhancing broker efficiency.
“AFG is committed to providing a fairer financial future, and we continue our pursuit to find alternative ways to support underserved customers segments,” said Hayden Cush (pictured above left), general manager at AFG Home Loans.
“By working with LongView, we are bringing its game-changing solutions to our network of brokers, enabling them to expand upon the type of customers they are able to assist – ultimately making it possible for more Australians to buy their own home.”
Evan Thornley (pictured above right), executive chair and co-founder of LongView, expressed enthusiasm about the partnership’s potential to expedite the home buying process, especially for those without familial financial support.
“Joining forces with AFG allows us to leverage its vast network and expertise in the mortgage industry to help more people buy a better home sooner – especially those who don’t have a Bank of Mum and Dad,” Thornley said.
“We’re excited about the potential of Buying Boost to make a real difference in the lives of Australians navigating the property market.
“We will also help brokers and clients close the gap between their clients’ needs and their budget by providing Home Accelerator platform to AFG’s network of mortgage brokers.
“Helping AFG mortgage brokers help their clients to make more informed purchasing decisions can only help to streamline what can often be a long and drawn out process.”
How will the partnership between AFG and LongView assist potential homebuyers? Comment below
