Re: Has NAB stopped doing family guarantee home loans?
Posted: Thu Sep 13, 2018 3:25 pm
Hi Stokesy,
Yes, you're right about NAB.
The lending policy around their family guarantee loan has changed significantly:
Luckily, there are still lenders offering 105% guarantor loans even on the guarantor’s owner-occupied property to buyers, allowing you to borrow 100% of the property value plus the costs of completing the purchase.
It's a real no deposit solution!
Please speak with one of our experienced mortgage brokers on 1300 889 743 or by completing our free assessment form and we can help you qualify for a 105% guarantor home loan.
Cheers,
Yes, you're right about NAB.
The lending policy around their family guarantee loan has changed significantly:
- The guarantor's property must be an investment property that they own and not their family home.
- Secondly, NAB is no longer accepting second home buyers, which means investors. If you're a first home buyer, you can still qualify!
- Finally, the NAB family guarantee only allows you to borrow up to 95% Loan To Value Ratio (LVR) which means you still need a deposit!
Luckily, there are still lenders offering 105% guarantor loans even on the guarantor’s owner-occupied property to buyers, allowing you to borrow 100% of the property value plus the costs of completing the purchase.
It's a real no deposit solution!
Please speak with one of our experienced mortgage brokers on 1300 889 743 or by completing our free assessment form and we can help you qualify for a 105% guarantor home loan.
Cheers,