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For and with you

Parent Equity.

What is Parent Equity?

If you are looking to enter the property market but haven’t saved enough for a deposit, our Parent Equity option can help.

One of the biggest barriers you face when buying a house is saving for a deposit. With our Parent Equity option, a parent can 'guarantee' part of your loan by providing additional residential security (i.e. their own home) to alleviate the need for a deposit from you, usually around 20%2 of your total loan amount.

What does this mean for parents? It means that, by going guarantor with our Parent Equity option, parents can make buying a home more achievable for you.

Key features of Parent Equity:

Our Parent Equity option is especially useful if you’re a first home buyer, and can allow you to:

  • borrow up to 100% of the purchase price of a property or of the combined land and building contract price when purchasing vacant land to build.2
  • borrow up to an additional 10% of the purchase price to help with associated costs.
  • avoid the additional expense of paying for Lenders Mortgage Insurance (LMI).



Have a look at this example.

We always encourage family members to obtain independent legal and financial advice before they agree to give guarantees in relation to home loans with a Parent Equity option.


We're here to help.