National Australia Bank (NAB) has partnered with realestate.com.au in a move which combines online property searching with financing options.

In what it describes as a world first, realestate.com.au has combined searching for property and getting a home loan in a single experience.

Buyers can instantly apply for online conditional approval for a home loan powered by NAB and have their finance information overlayed as they search. Or they can access a panel of more than 30 other lenders through realestate.com.au Home Loans.

A key feature of the experience is the ‘Liveability’ tool, which allows people as they search to better understand how mortgage repayments on a specific property might affect their lifestyle. Based on how much income is left over after expenses and repayments, a scale will show whether a buyer’s standard of living post-purchase would be ‘easy’, ‘stretched’, or ‘struggling’.

Users can save their information to their realestate.com.au profile, which follows them throughout their entire search experience, and they can adjust their planned purchase price or deposit amount for a particular property to easily calculate what they may be able to afford.

And, when a homebuyer is ready to purchase, the same information can be used to autofill an online conditional home loan approval application powered by NAB.

Angus Gilfillan, NAB executive general manager of consumer lending, commented: “We want to help simplify the property-buying experience for Australians. This digital integration of search and finance means we’re making a process that is, for many Australians, quite overwhelming, a much easier part of the property journey.”

Andrew Rechtman, realestate.com.au executive general manager – residential, added: “realestate.com.au Home Loans is about giving home buyers greater choice, convenience and confidence when it comes to finding and financing their home.

“Australians can search with confidence, knowing they have a realistic view of what they can afford, and they can be confident in choosing a home that suits their lifestyle.”

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