Bank First launches online tool to streamline home buying process

The platform aims to help FHBs get into their new homes more quickly and easily

Bank First launches online tool to streamline home buying process

Bank First recently announced the launch of an online tool that aims to streamline the buying process of first homebuyers to save them substantial time and money.

Dubbed “Home First”, the platform provides practical tips such as saving for a deposit. It considers a user’s lifestyle needs when recommending properties, provides location options if the buyer can’t afford a preferred suburb, and offers saving and borrowing advice.  

“We are especially excited to give transparent, user-friendly and genuinely helpful advice to first home buyers, and to get them into their first home sooner,” said William Wolke, the CEO of Loud&Clear, the design agency that created the platform, said in a statement.     

Home First is also able to bring search engines together to offer users alternative properties based on various criteria such as lifestyle and suburb.

“Home First goes much further than other home loan calculators and allows users to pivot on their preferences and find solutions that will help them purchase a home more quickly and easily,” Loud&Clear director Ben Beath said.

By meeting with prospective first home buyers and listening to their concerns the bank was able “to develop a holistic portal that takes into account the needs of everyday Australians”, according to Bank First executive manager for strategy and marketing Adam Alsbury.

“Rather than a calculator that says ‘yes’ or ‘no’, Home First is able to provide users with listed properties that match their affordability and lifestyle preferences, as well as suggest other alternatives if they are unable to obtain their dream home just yet,” he added.