No Deposit Home Loans For First Time Buyers

Buying a home can feel impossible when property prices rise faster than your savings. You might earn a steady income, manage your bills and still struggle to save a deposit large enough to satisfy a lender. However, no deposit home loans can offer alternative pathways into home ownership, depending on your circumstances.

This guide explains how you could buy sooner through government guarantees, guarantor arrangements, family gifts, grants and specialist lending options. You will learn how lenders assess applications, what costs you still need to cover, and which strategies may suit your financial position.

Key Takeaways – No Deposit Home Loans

Key Point	What You Need to Know
Can you buy without a deposit?	Yes, in some circumstances, particularly with a guarantor or certain specialist lending arrangements.
What is the main government option?	The Australian Government 5% Deposit Scheme supports eligible buyers with deposits from 5%, or 2% for eligible single parents and legal guardians.
Can you avoid LMI?	Eligible scheme participants and some guarantor borrowers can avoid Lenders Mortgage Insurance (LMI), subject to the applicable rules.
Do you need genuine savings?	Requirements depend on the lender and loan product. Some arrangements allow acceptable gifted funds or other approved deposit sources.
Can a family member help?	Yes. A guarantor may use equity in their property to support your application, but this creates financial risks for them.
Are government grants a deposit?	Grants can contribute to eligible purchase costs, but payment timing and eligibility affect whether you can use them towards settlement.
What costs remain?	You may still need funds for conveyancing, inspections, government charges, moving expenses and other upfront costs.
What is the biggest risk?	Borrowing with little equity leaves you more exposed to falling property values and financial pressure.
What should you compare?	Assess borrowing capacity, interest rates, fees, repayment flexibility, scheme eligibility and the guarantor’s potential liability.

What Are No Deposit Home Loans?

No deposit home loans are lending arrangements that allow you to purchase a property without providing the full deposit a lender would normally expect. Depending on the arrangement, you might contribute no personal savings, use a family guarantor, or qualify for a government-backed low-deposit scheme.

Most Australian lenders prefer borrowers to contribute a deposit because it reduces the amount they need to borrow. A larger deposit also gives you more equity in your property from the beginning.

However, saving a traditional 20% deposit can take years. Alternative lending arrangements may help eligible buyers enter the property market sooner.

Read more: How long does it take to save for a house deposit?

How Do No Deposit Home Loans Work?

A lender assesses your income, expenses, debts, credit history and ability to repay the proposed loan. It also considers your deposit, the property’s value and any additional security supporting the application.

You might qualify through one of several arrangements:

• Guarantor home loans: A family member uses eligible property equity or another acceptable form of security to support your application. This may reduce or remove the need for your own cash deposit.
• Government-backed guarantees: An eligible buyer uses a smaller deposit under a government scheme, which reduces the lender’s risk and can eliminate LMI.
• Gifted deposits: A family member provides money towards your purchase, subject to the lender’s rules about acceptable deposit sources.
• Specialist lending: Some lenders consider applications with unusual deposit arrangements, although eligibility, costs and interest rates vary.
• Existing property equity: Someone who already owns property may be able to release equity to fund another purchase, subject to borrowing capacity and lender approval.

These arrangements are not interchangeable. For example, a government guarantee generally requires you to contribute a minimum deposit, while a suitable guarantor arrangement may support a purchase with no personal cash deposit.

Is a No Deposit Home Loan Really Possible?

Yes, but approval depends on your financial position and the lending arrangement.

A lender might approve a purchase without personal savings if an acceptable guarantor provides sufficient security. However, you must still demonstrate that you can afford the repayments.

Alternatively, an eligible first-home buyer could use the Australian Government 5% Deposit Scheme to purchase with a smaller deposit and no LMI. The scheme does not provide the deposit itself.

The important distinction is that no deposit does not mean no borrowing requirements or no upfront costs. You must still satisfy the lender’s assessment and cover any purchase expenses that your financing arrangement does not fund. Here are the practical ways you can get a no deposit home loan or a low-deposit home loan.

1. Use a Guarantor Home Loan

A guarantor arrangement can help you purchase a property without saving a conventional deposit. A suitable family member, often a parent, offers part of their property’s equity as additional security for your loan.

The guarantor does not usually give you cash. Instead, their property helps support the lender’s security position.

For example, you might want to buy an $800,000 property but have no savings. Your parents could potentially guarantee an agreed portion of your borrowing using available equity in their home.

The lender still assesses your income and expenses. The guarantor arrangement does not automatically overcome an affordability problem.

How Does a Family Guarantee Work?

A lender assesses the proposed loan, the property you want to purchase and the guarantor’s financial position.

If approved, the lender takes security over the guarantor’s property under the agreed arrangement. The guarantee usually covers a specified portion of the debt rather than necessarily covering the entire loan.

This additional security can help you borrow a higher percentage of your property’s value. Depending on the lender and structure, it may also help you avoid LMI.

However, your guarantor takes on real financial risk. If you cannot repay the loan, the lender may enforce the guarantee and pursue the secured property, subject to the loan documents and applicable law.

Your guarantor should obtain independent legal advice before agreeing.

Read more: Guarantor Home Loans for First Home Buyers

2. Receive a Genuine Gift From Family

A family gift can help you overcome the deposit hurdle without taking on another debt.

For example, your parents might contribute $40,000 towards an $800,000 property. That contribution represents 5% of the purchase price.

However, the lender will determine whether the funds qualify as an acceptable deposit. Some lenders require a signed gift declaration confirming the money does not need to be repaid.

Others may require evidence of the funds’ source or a minimum period in your account.

A genuine gift differs from a private loan. If you must repay the money, the lender may treat that obligation as a liability when assessing your application.

Before accepting a family contribution, confirm the lender’s requirements. You should also agree on whether the money is an unconditional gift and whether any family expectations could affect your future finances.

3. Use the First Home Owner Grant

The First Home Owner Grant (FHOG) provides financial assistance to eligible first-home buyers under state and territory rules.

The amount, property requirements and eligibility criteria differ across Australia. Some jurisdictions restrict grants to new homes or qualifying construction projects.

A grant can reduce the amount of personal money you need to complete a purchase. However, it is not automatically available for every property or every first-home buyer.

Payment timing is also important. Depending on the jurisdiction and transaction, you might receive the grant through your lender or after meeting the relevant requirements.

Consequently, you should not assume the grant will be available as cash before settlement. Confirm the application process and payment timing with the relevant revenue authority and your lender.

You should also check whether you qualify for separate stamp duty concessions. These concessions can reduce your upfront costs, although eligibility and thresholds vary.

4. Use the Australian Government 5% Deposit Scheme

The Australian Government 5% Deposit Scheme is one of the most important options for eligible first-home buyers seeking to enter the property market sooner.

Previously known as the Home Guarantee Scheme, the expanded program took effect on 1 October 2025. It removed income caps and waiting lists and expanded access to eligible buyers.

The scheme does not provide you with a cash deposit. Instead, the government guarantees part of an eligible loan through a participating lender.

This support can allow an eligible buyer to purchase with a deposit as low as 5% without paying LMI.

Who Can Qualify?

The general stream has eligibility requirements that include:

• Age and residency: You must be at least 18 and an Australian citizen or permanent resident.
• Deposit: You generally need a minimum deposit of 5% of the property’s value.
• Property ownership history: You must be a first-home buyer or meet the scheme’s rules for applicants who have not owned property or land in Australia during the previous 10 years.
• Owner-occupier status: You must intend to live in the property rather than buy it as an investment.
• Property price: The purchase must fall within the applicable price cap for its location.
• Loan structure: The eligible loan must meet the scheme’s requirements, including principal and interest repayments.
• Lender approval: You must satisfy the participating lender’s credit assessment and borrowing requirements.

The scheme also has a separate stream for eligible single parents and legal guardians, which can permit deposits from 2%. Specific eligibility conditions apply.

How Much Deposit Would You Need?

Consider an $800,000 property.

Deposit Percentage	Deposit Required	Amount Borrowed Before Other Costs
20%	$160,000	$640,000
10%	$80,000	$720,000
5%	$40,000	$760,000
2%	$16,000	$784,000

The 2% option applies only to eligible buyers under the relevant single-parent or legal-guardian stream. It is not a general deposit option for every applicant.

These examples exclude purchase costs and assume the deposit is calculated against the stated purchase price. Your lender may use its assessed property value when determining the applicable loan-to-value ratio.

What Are the Property Price Caps?

The scheme applies location-specific price caps. These caps determine whether a property falls within the program’s permitted purchase range.

The current published caps include the following amounts.

State or Territory	Capital City and Listed Regional Centres	Other Areas
New South Wales	$1,500,000	$800,000
Victoria	$950,000	$650,000
Queensland	$1,000,000	$700,000
Western Australia	$850,000	$600,000
South Australia	$900,000	$500,000
Tasmania	$700,000	$550,000

The Australian Capital Territory has a $1,000,000 cap. The Northern Territory has separate caps for its capital city and other areas.

The classification of regional centres and individual postcodes matters. For example, the published rules include the Gold Coast and Sunshine Coast among Queensland’s listed regional centres.

Check your intended property’s postcode using the official Australian Government 5% Deposit Scheme property price caps page before making an offer.

Remember that the lender’s property valuation must also satisfy the applicable cap. A property that appears eligible based on its advertised price may need further assessment.

5. Consider Existing Property Equity

If you or an eligible family member already owns property, existing equity might help fund a purchase.

Equity is the difference between a property’s current value and the debt secured against it. However, not all equity is available to borrow against.

For example, suppose a property is worth $900,000 and has an outstanding loan of $500,000. The owner has $400,000 in equity before transaction costs and any lender restrictions.

The lender may allow some of that equity to support another purchase. It will assess the owner’s income, expenses, existing commitments and the proposed additional debt.

This strategy does not eliminate borrowing costs or financial risk. It shifts part of the deposit funding onto an existing property and can increase the total debt secured against that property.

Read more: how to use equity to buy a second property

Explore Specialist Lending Options

Some lenders assess applications that do not fit standard deposit patterns. These may include borrowers with unusual income arrangements, limited savings history or alternative security.

However, specialist lending does not mean automatic approval without a deposit. The lender still needs an acceptable repayment plan and security position.

You may also face higher interest rates, additional fees or stricter loan conditions. Compare the total cost rather than focusing only on whether the lender accepts a smaller deposit.

How Lenders Assess No Deposit Applications

A low or absent deposit does not remove the lender’s responsibility to assess your ability to repay. Your income, expenses and credit history remain central to the decision.

Borrowing Capacity and Serviceability

Your borrowing capacity estimates how much you may be able to borrow based on your financial circumstances and the lender’s assessment rules.

Lenders generally examine:

• Income stability: Regular employment income may support your application, while variable income can require additional evidence.
• Living expenses: Your household spending affects how much income remains available for repayments.
• Existing debts: Credit cards, personal loans, car finance and other commitments can reduce your borrowing capacity.
• Dependants: The costs of supporting children or other dependants can affect your assessed expenses.
• Interest rate buffers: Lenders test whether you could manage repayments at a higher assessment rate than the rate initially offered.
• Credit history: Your repayment conduct and credit report help the lender assess your risk.

A guarantor may strengthen your security position, but it does not automatically increase your ability to service a large loan.

Credit History and Genuine Savings

Your credit report helps lenders understand how you have managed credit obligations. Missed repayments, defaults and high existing debts may affect the outcome of an application.

Genuine savings are funds you have accumulated and held over time. Some lenders require evidence of genuine savings, particularly for certain high loan-to-value applications.

However, requirements differ by lender and loan product. An eligible government scheme or guarantor arrangement may change how the deposit is assessed.

Acceptable evidence can include bank statements showing regular savings, eligible investments or other funds recognised under the lender’s policy.

If you plan to use a gift, ask whether the lender requires additional evidence. Do not assume that money recently transferred into your account automatically meets a genuine savings requirement.

Employment and Income Documentation

Lenders need evidence that your income is reliable enough to support the proposed repayments.

Employees may need payslips, bank statements and employment details. Self-employed applicants may need tax returns, financial statements or business records.

Casual workers and people with variable income may need a longer income history. Overtime, bonuses and commissions may be assessed differently across lenders.

Prepare your documents before applying. Clear records can reduce delays and help your lender assess your application accurately.

Property Valuation and Loan-to-Value Ratio

The loan-to-value ratio (LVR) compares the loan amount with the property’s accepted value.

For example, borrowing $760,000 against a property valued at $800,000 produces a 95% LVR.

A high LVR means you begin with less equity. It can also affect the lender’s pricing, insurance requirements and available loan options.

If the lender values the property below its purchase price, you may need a larger contribution to complete the purchase. This is why you should confirm valuation requirements before relying on a particular deposit strategy.

Lenders Mortgage Insurance and Low Deposit Lending

Lenders Mortgage Insurance is an important consideration when comparing low-deposit options.

LMI protects the lender if a borrower defaults and the property sale does not cover the outstanding debt. It does not protect you or your guarantor against financial loss.

When Do You Pay LMI?

Many standard lenders consider LMI when your deposit is below 20%, although the exact threshold and exceptions depend on the loan.

The insurer and lender assess factors such as the loan amount, LVR, property type and borrower profile. The resulting premium can add a substantial expense to a purchase.

You may be able to pay the premium upfront or have it added to the loan if the lender permits. Adding it to your loan increases the debt and can increase total interest costs.

Comparing The Main No Deposit Home Loan Options

Option	Personal Deposit	Potential LMI Outcome	Main Consideration
Standard home loan	Depends on lender; commonly 5–20% or more	LMI may apply at high LVRs	Straightforward structure, but a small deposit may cost more
Government 5% Deposit Scheme	Generally 5%	No LMI under the scheme	Strict eligibility, occupancy and property price rules
Single-parent scheme stream	Generally 2%	No LMI under the scheme	Only eligible single parents or legal guardians qualify
Guarantor home loan	Potentially no personal cash deposit	May be waived	The guarantor risks the secured property
Professional LMI waiver	Depends on lender policy	May be waived	Occupation and other criteria apply
Specialist lending	Depends on the product	Varies	Rates, fees and conditions require careful comparison

Your decision should account for total borrowing costs, not just the initial deposit.

Other Ways to Buy a Home With a Small Deposit

Government guarantees and guarantors are not the only options. Depending on your circumstances, other funding methods may help you enter the market sooner.

Use Personal Savings Alongside Other Support

Even if you cannot save a full 20% deposit, a smaller amount may be enough for some eligible lending arrangements.

Combining savings with an acceptable family gift, grant or concession may reduce the amount you need to fund yourself.

However, you should retain enough money to cover emergencies and ongoing ownership costs. Using every available dollar at settlement can leave you financially exposed.

Understand Deposit Bonds

A deposit bond is a financial instrument that can sometimes replace the cash deposit required when signing a property contract.

It is not a home loan deposit waiver. Rather, it provides an agreed form of security to the seller under the contract’s terms.

You must still fund the purchase price at settlement. Your lender must also accept the arrangement, and the seller must agree to the deposit bond.

A deposit bond does not create extra borrowing capacity or remove the need to qualify for finance.

Avoid Borrowing Your Deposit Without Advice

A personal loan or credit card may appear to solve the deposit problem, but it can make home loan approval harder.

The additional repayment reduces your assessed surplus income. The lender may also question whether you can manage the home loan alongside the new debt.

Some lenders restrict borrowed deposits or require specific evidence of acceptable funds.

Before taking out any new credit, discuss the effect on your application with a qualified lending professional.

Consider Shared Equity

Shared equity programs allow an eligible government body or other approved participant to contribute towards the property purchase in exchange for an ownership share or equivalent equity interest.

This may reduce the amount you need to borrow. However, the provider’s share can affect your future sale proceeds, refinancing options and ability to buy out that interest.

Programs differ between states and territories, and eligibility rules can change. Australian Government financial education resources explain several state-based options, including programs in Queensland, South Australia and Western Australia.

Upfront Costs You Still Need to Budget For

Getting a no deposit home loan does not remove the other expenses involved in purchasing a property.

You should calculate your full settlement budget before signing a contract.

Stamp Duty and Government Charges

Stamp duty, also called transfer duty in some jurisdictions, can represent a significant purchase expense.

First-home buyers may qualify for exemptions or concessions, depending on the state, property value and eligibility rules.

However, a concession is not automatically available because you qualify for a low-deposit home loan.

Check the relevant state or territory revenue office for current thresholds. You should also confirm whether the concession applies to an established property, a new home or vacant land.

Conveyancing and Legal Fees

A conveyancer or solicitor helps manage the legal process and checks the documents associated with your purchase.

Their fees vary according to the property, transaction complexity and services provided. You should obtain a written quote before proceeding.

Building and Pest Inspections

A building inspection can identify defects or maintenance issues before you commit to a purchase.

A pest inspection can identify evidence of termites or other pests. These inspections may help you avoid unexpected repair costs, although their scope and limitations vary.

Moving and Setup Expenses

Moving costs, utility connections, insurance and essential furniture can add up quickly.

You may also need money for immediate repairs or maintenance after settlement. These expenses are easy to overlook when you focus only on the deposit.

Mortgage Repayments and Emergency Savings

Your repayments begin according to your loan contract, so you need enough income to cover them from the start.

You should also allow for rate changes, unexpected bills and periods of reduced income. A financial buffer can help you manage these events without relying on expensive credit.

Read more: mortgage repayment calculator

The Risks of Buying With Little or No Deposit

A smaller deposit can bring home ownership closer, but it also leaves you with less financial flexibility.

Understanding these risks helps you decide whether buying now is sensible or whether saving longer would be safer.

You Begin With Less Equity

A high-LVR loan means you own a smaller share of the property outright at the beginning.

If property values fall, your equity may shrink or become negative. Negative equity occurs when the amount you owe exceeds the property’s market value.

This can make selling or refinancing more difficult, particularly if you need to move unexpectedly.

Your Repayments May Be Higher

A smaller deposit generally means a larger loan than you would need with a bigger deposit on the same property.

For example, borrowing $760,000 instead of $640,000 increases the amount on which interest is charged. The exact repayment difference depends on the interest rate, loan term and repayment structure.

Compare repayments under different interest rate scenarios before deciding what you can afford.

Your Guarantor Could Face Financial Loss

A guarantor takes on a contractual obligation that can affect their own finances and property.

If you default, the lender may seek repayment under the guarantee. Depending on its terms, this could involve enforcing security over the guarantor’s property.

The guarantor should understand the maximum guaranteed amount, release conditions and consequences of default.

Your Financial Buffer May Be Too Small

Using most of your savings to cover settlement can leave little money for unexpected expenses.

A new home may need repairs, maintenance or replacement appliances. At the same time, you must continue meeting your loan repayments and other living costs.

Before buying, calculate whether you can manage these expenses without relying on additional borrowing.

Government Scheme Conditions Still Apply

A government-backed guarantee does not remove your responsibility to repay the loan.

You must continue meeting the scheme’s ongoing requirements. If your circumstances change, such as your occupancy status, the guarantee may no longer apply.

Housing Australia explains that a breach of ongoing obligations can affect the guarantee and potentially lead to additional costs, including LMI.

How to Choose the Right No Deposit Home Loan Strategy

The right arrangement depends on your savings, family support, borrowing capacity and eligibility for government assistance.

You should compare each option against your circumstances rather than choosing the one with the smallest advertised deposit.

Compare Your Eligibility First

Start by identifying which pathways you could realistically access.

If you have at least 5% savings and qualify for the government scheme, compare its participating lenders before considering more complex structures.

If you have no savings but a family member has suitable equity, ask lenders about guarantor arrangements.

If you have a professional occupation, check whether a lender offers an LMI waiver. However, confirm all eligibility conditions rather than assuming your occupation guarantees a waiver.

Compare the Total Cost of Borrowing

Look beyond the headline interest rate when comparing products.

Consider establishment fees, ongoing fees, valuation costs, repayment flexibility and any LMI premium. You should also compare the cost of a larger loan against the time and expense of saving a bigger deposit.

A product with no LMI may still be more expensive overall if its rate or fees are substantially higher.

Understand the Exit Strategy

If you use a guarantor, ask how and when the guarantee could be released.

For example, you might aim to reduce your loan balance or increase your property’s equity enough to refinance without the guarantee.

However, a lender will generally reassess your income, debts, credit position and property value at that time. Release is not automatic.

For a government-backed scheme, understand the occupancy obligations and the rules that apply if you refinance, sell or change your living arrangements.

Speak With a Mortgage Broker

A mortgage broker can help compare participating lenders, guarantor policies and other available lending arrangements.

They can also explain which deposit sources a lender accepts and how your financial circumstances may affect approval.

However, not every broker has access to every lender or product. Ask about the scope of the comparison and how the broker is paid.

You should independently review the proposed loan’s features, fees and obligations before accepting an offer.

How to Apply for a No Deposit Home Loan

Once you identify a suitable pathway, prepare your application carefully. A well-organised application helps the lender assess your circumstances and identify any missing information.

Establish Your Budget

Work out how much you can comfortably repay after accounting for living expenses and other financial commitments.

Allow for possible interest rate increases and unexpected costs. Do not base your budget solely on the maximum amount a lender might approve.

Gather Your Financial Documents

Prepare identification, payslips, bank statements, tax records and details of existing debts.

If you are self-employed, ask the lender which business and tax documents it requires.

If you are using a gift or guarantor, gather the supporting documents early. This can help identify eligibility issues before you commit to a purchase.

Check Scheme or Guarantor Requirements

For a government guarantee, confirm your eligibility and the property’s price cap through an approved participating lender.

For a guarantor loan, ask about the required equity, legal documents, guarantee limits and release conditions.

For specialist lending, confirm the interest rate, fees and any restrictions on the property or deposit source.

Obtain Pre-Approval Before Making an Offer

Pre-approval can help you understand your likely borrowing limit and the conditions attached to your application.

However, it is not always a final loan approval. The lender may still need to value the property, verify documents and complete additional checks.

Do not treat pre-approval as a guarantee that every property you choose will be financed.

Complete the Purchase and Settlement

After your offer is accepted, the lender completes its remaining checks and prepares the loan for settlement.

Your conveyancer or solicitor coordinates the legal process and confirms the funds needed to complete the transaction.

Ensure you understand the contract dates and any finance conditions before signing. If you cannot meet the settlement requirements, you could face serious contractual consequences.

Conclusion

Buying a home does not always require saving a traditional 20% deposit. Government guarantees, family guarantees, gifted funds and selected lending products can help eligible buyers enter the property market sooner.

However, a smaller deposit does not make a property more affordable by itself. You must still qualify for the loan, cover the costs of purchasing and manage repayments over the long term.

The Australian Government 5% Deposit Scheme is worth examining if you qualify and have enough savings for its minimum contribution. If you have no personal savings, a guarantor arrangement may offer another pathway, provided the risks are acceptable to everyone involved.

Compare the total borrowing cost, assess your financial buffer and understand every condition before committing. The strongest strategy is not simply the one that gets you into a property fastest. It is the one that gives you a realistic path to home ownership without putting your long-term financial security at unnecessary risk.

Frequently Asked Questions About No Deposit Home Loans

Can I Really Buy a House With No Deposit in Australia?

Yes, some buyers can purchase without contributing a personal cash deposit through an acceptable guarantor arrangement. However, you must still satisfy the lender’s income, credit and repayment requirements. Eligible buyers may also qualify for government-backed low-deposit schemes, although these require a minimum contribution.

Do I Need to Be a First-Home Buyer?

Not always. Some guarantor loans and other lending arrangements are available to people who have owned property before. However, the Australian Government 5% Deposit Scheme generally requires applicants to be first-home buyers or meet its specific property ownership history rules. The single-parent stream has separate eligibility provisions.

What Is the Minimum Deposit for a Home Loan?

There is no single minimum deposit across every Australian lender and product. Many conventional loans require a deposit, while eligible government scheme participants may qualify with 5% or 2%. Some guarantor arrangements may support purchases without a personal cash deposit. Approval depends on the applicable lending criteria.

Can I Use the First Home Owner Grant as My Deposit?

A First Home Owner Grant may help fund eligible purchase costs, but its use depends on state rules, lender requirements and payment timing. You should confirm whether the grant can be applied at settlement or whether you must initially fund the relevant costs yourself.

Can I Avoid Lenders Mortgage Insurance With a Small Deposit?

Yes, under certain arrangements. Eligible participants in the Australian Government 5% Deposit Scheme do not pay LMI under the scheme’s rules. Some guarantor loans and eligible professional lending products may also offer LMI waivers. Confirm the requirements with the lender before applying.

Can I Use a Personal Loan for My Home Deposit?

Some lending policies may allow certain borrowed funds in limited circumstances, but a personal loan can reduce your borrowing capacity and make approval harder. Lenders assess the additional repayments and may restrict borrowed deposit funds. Discuss the impact before taking on new debt.

Do I Need Genuine Savings for a No Deposit Home Loan?

It depends on the lender, product and deposit arrangement. Some lenders require evidence of genuine savings, while others accept qualifying gifts or alternative security. Government guarantee and guarantor arrangements have their own conditions, so you should confirm the requirements before submitting your application.

Can My Parents Guarantee My Home Loan?

Potentially, if your parents have sufficient acceptable equity and meet the lender’s requirements. They may be able to secure part of your borrowing against their property. However, they face financial risk if you default. They should understand the guarantee and obtain independent legal advice before signing.