How can my parents/family help me buy a home?

Given the minimum deposit required to purchase a property, this is a question I seem to be getting more often. Giving a cash gift as a deposit Depending on each lenders requirements you may be required to keep these funds in your bank account for some time (most commonly 3 to 6 months) – This is usually to prove that you can service the loan and hold savings in your […]

How much deposit do I need to buy a home?

  It is important to know how much you will need to save before looking to purchase a new home. By knowing how much you need to save you could potentially negotiate lower interest rates and avoid paying Lenders Mortgage Insurance. Determine your borrowing capacity A good starting point is to find out how much you can afford to borrow; this can be done by using calculators available on bank […]