This type of loan is used when you only have a very small or No deposit to put towards a new or existing home purchase. The lender will use a family member to act as guarantor for a pre-set portion of the total loan amount. Family members that will be considered: parent, parent-in-law, step parent, grandparent or sibling.
Once the guarantor is in place you’ll be able to choose any loan type that will best suit you from the lenders product range (Standard Variable, Fixed Loan, 100% off-set, Principal and interest, Interest only...)
First Home Buyer
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