Home Lay-By Plan was developed exclusively as Deposit Saviour to help you reach your goal of owning a home. It is designed to handle every aspect of your purchase, and it starts with understanding your situation.
Four steps to your home
- 01
A free consultation
We talk about where you are now: your income, your commitments and what home ownership means to you. No cost and no obligation.
- 02
Your tailored plan
Our financial team designs a Home Lay-By Plan around your current situation and requirements. We explain every part of it in plain language.
- 03
Flexible financial assistance
We provide a line of credit loan, different from a standard home loan, with much more flexibility in when you pay and how much.
- 04
You choose the outcome
Rent to buy, take full ownership, keep the property as an investment, or sell with a guaranteed buy-back within 60 days at market value.
A line of credit, not a standard home loan
A standard home loan locks you into fixed repayments from day one. The line of credit behind Home Lay-By Plan is built for flexibility, in both the timing of your payments and the amounts, so the plan can move with your circumstances.
Plus the benefits of ownership
- You get a tax deduction*
- You get the capital gain*
*Using Budget Saviour, as a member of Saviour Club. Visit saviour.net.au for details. Outcomes depend on your individual circumstances; seek independent tax advice.
Where it’s available
Home Lay-By Plan is available at selected sites all over Australia. Ask us about current locations during your consultation.
Common questions
Is Home Lay-By Plan a home loan?
No. It uses a line of credit loan, which is different from a standard home loan and offers much more flexibility in the timing and amount of payments.
Who is it for?
Anyone who wants to own a home but finds the traditional path hard, particularly first home buyers facing the challenge of saving a deposit.
What are my options once I’m in the plan?
You can rent to buy, take full ownership, keep the property as an investment, or sell with a guaranteed buy-back within 60 days at market value.
How do the tax deduction and capital gain work?
They are available using Budget Saviour as a member of Saviour Club, and they depend on your circumstances. We’ll explain how they apply to you, and we recommend independent tax advice.
What does the consultation cost?
Nothing. The consultation is free and there’s no obligation to proceed.