Who it is for
This loan may suit:
- First-home buyers who have some deposit but not enough to avoid LMI
- Borrowers whose income is close but not quite enough for serviceability
- Families wanting to help a member buy while understanding the risks
Guarantor Loans
Buy with help from a family guarantor.
Compare guarantor loans and understand the risks before anyone commits.
Process
What happens next
- 1Assess both pathways
- 2Arrange legal advice
- 3Compare guarantor lenders
Questions about guarantor loans
What exactly is the guarantor responsible for?
The guarantor is legally responsible for the guaranteed portion of the loan if you can't meet your repayments. This is real financial liability, not a formality.
How do I release the guarantor from my loan?
Typically through refinancing once you've built enough equity in the property - either through value growth or by paying down the loan. We plan this from the start so there's a clear timeline.
Does the guarantor need to have a mortgage-free property?
Not necessarily. Many lenders accept a guarantee from a property with an existing mortgage, as long as there's enough equity to cover the guarantee amount.