Get into the property market sooner with help from your parents or a family member.
A family pledge or family guarantee home loan is where you can borrow up to 110% of the property value by asking your family to guarantee the home loan by using their property as security on your mortgage.
Even though they’re young, Ash and Allan have an eye focused on the future.
Looking around the Maitland area to buy their first home, they realized they couldn’t quite afford the deposit.
But with a bit of help from Allan’s dad and by using our Family Pledge loan they now live in their own home with their baby daughter.
Want to find out more or to apply? Contact us online today!
Important information:
*Conditions, fees and charges apply to all loans. Subject to meeting Greater Bank's lending criteria.
Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992 Australian Financial Services Licence/Australian credit licence 238273
* To access your Ultimate Home Loan package insurance discounts please visit your local branch or alternatively call us on 131386. The discount is not available online. The discount is only available for the first year of the policy.
All new interest only home loans, attract a 0.10% p.a. margin above the applicable Principal and Interest base rate. All new Line of Credit home loans, attract a 0.10% p.a. margin above the applicable Line of Credit base rate. The all up interest rate which includes any margins, will be set out in your credit contract.
View our Terms and Conditions.