The easy way to ask Mum and Dad for a loan
A better way your parents can help you into your first home.
How it works
Your parents loan you up to 20% of the purchase price. The bank provides the rest. You repay them with interest like any other official loan but at half the rate of your home loan.
When the house is sold, you repay your parents (or you can repay them sooner if you choose to make extra repayments).
No guarantor necessary
Your parents won't have to risk their home to help you get into yours
Still get the First Home Owners Grant and stamp duty concessions. Plus save thousands in mortgage insurance
Easier to ask your parents
The loan is transparent and structured, making it easier for your parents to say ‘Yes’.
More financial muscle
You'll have more choice, meaning you can buy something bigger or in a better location.