FAMILY PLEDGE

Target Market

Suited to borrowers, especially First Home Buyers with no deposit, to access finance for the full property purchase price, plus a further 10% for the costs involved.
To enable this, an immediate family member provides a limited personal guarantee for the pledge amount, supported by equity in their existing property.

Key Features and Benefits

• Provides access to finance for full purchase price, plus an additional 10% to cover other costs such as stamp duty, renovations or setting up their home
• No deposit or genuine equity required
• Discounts may be available for First Home Buyers
• Loan terms of up to 30 years are available
• Capitalisation of LMI Premium available
• Available for a range of purposes including Bridging Finance, Debt Consolidation and Construction 

Maximum Loan Amount And LVR (Per Security)

As per Genworth Financial Security Location Guide

Click here to download our Maximum Loan Amount Matrix