Democratizing access to net-zero homeownership
Low deposit 'climate conscious' homebuyers benefit from the equivalent rate of a 20% deposit
Our Leg Up provides a fee rebate to to the homebuyer to support the reduction of scope 1+2 emissions from the property.
The fee rebate is directed towards net-zero capital improvements, 100% certified green energy, and other emissions reducing activities.
Allowing your customers to buy faster, cheaper and transition to net-zero
We offer a unique solution that enables banks to provide home loans tailored to low-deposit borrowers. This solution includes a fee rebate option that can be used by borrowers for home improvements aimed at reducing or eliminating scope 1 and 2 financed emissions
Homebuyers paid by OLU
To achieve lower emissions and enable longer term cost efficiencies.
Lenders cut emissions
Lenders cut scope 1+2 emissions in their traditional home loan portfolio, and tap into climate-conscious FHBs.
Drive new business
Increase market share by incentivising green upgrades, tapping into a growing market of environmentally conscious homeowners.
Transitioning Properties to Net-Zero Emissions
Let's imagine a typical Australian home:
A contemporary 3BR home in Epping, VIC
- Built in the 2000's in original condition,
- NaTHERS 2-star rating,
- No existing solar panels or battery,
- Limited insulation in roof,
- No insulation in walls or subfloor.
Purchase Scenario
- 2 PAYG applicants, combined borrowing capacity: $800k
- Purchase price: $750k
- Savings: $37.5k (5% deposit) + costs (stamp)
- Loan amount: $712.5k (95% LVR)
Our Leg Up Green Rebate
- Interest rate: 6.48%
- Upfront fee: $27k ($28.5k if LMI)
- Rebate upfront: $6.0k (0.8% property price)
- Rebate ongoing: $3.7k (up to 100+ bps)
- Total rebate to Buyer over 5 years: $24.5k
Sample Net-Zero Upgrade Plan
100% Green Energy Switch Rebate $400