Using shared equity to buy your property
Why wait around trying to save a large deposit for a home? Secure a home loan with shared equity and enter the property market sooner.
All you need is a 2.5% home loan deposit and a sponsor to invest alongside you. HAS shared equity provides the remaining 17.5% to bring your deposit up to 20%. With the other 80% portion of your loan sitting with a bank, you avoid costly Lenders Mortgage Insurance (LMI).
With HAS shared equity, you also enjoy reduced monthly repayments across the first five years of your loan. You are still entitled to First Homeowner Grant and stamp duty concessions, as and when they apply.
Sponsors can enjoy a return on their investment. Parents acting as sponsors can help you secure a property, without the risk of a parental guarantee home loan.
Parents can enjoy a return on their investment, without the risk of a parental guarantee home loan.