


Hi Jamie Thank you for your questionAs the others already mentioned, there are difference lender with different requirements for guarantors. Important is your parents fully understand what they are going into it and the consequences if you and your partner should default.Some lenders do not request a serviceability of the guaranty amount from your parents, just if there is enough asset to pay without losing their home.We typically recommend that guarantor takes legal advice before they sing a contract, which includes their residential property If you have more question, please do not hesitate to contact me via the profile page.

Hi Jaime. Thanks for your enquiry. While there are a few lenders that provide "guarantor loans" where your parents can assist you with a new purchase, there are some important differences with "how" they do this to consider. If you are based in Melbourne and would like more detailed info, please feel free to contact me and I can go though the "nuts and bolts".

Odette
Hi Jaime. Due to the high value of the properties in my area, I've done a fair number of family guarantee loans and love doing those. If you are in Sydney, I would love to help you also.