I don't have a deposit. Can I still buy a property? - Peasy (old site)

I don’t have a deposit. Can I still buy a property?

Short answer – Yes. The lenders understand that it is hard to save a deposit, especially with the cost of living going up, so they have made available a “Security Guarantee” option which means a relative, and in some scenarios a friend or acquaintance can provide their property as security for the bank to enable you to purchase. It is extremely important that the potential Guarantor meets with your broker and understand their responsibilities, so if this sounds like an option for you, let the guarantor know that they will need to meet the broker at your appointment.

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