This varies from lender to lender but a minimum 5% plus funds to cover stamp duty is generally required. If you are a first home buyer depending on what state you reside there may be stamp duty concessions.

LMI is an insurance premium the banks charge you when you are borrowing more than 80% of the property value. This just covers the bank in the event you default on your mortgage and the bank sells the property for less than the loan balance.

If you are borrowing more than 80% of a properties value you may need to demonstrate genuine savings. This is to show that you have a minimum 5% savings held over a minimum three month period.

Yes you can. This is a great way to potentially avoid LMI as you would have enough equity across both properties to keep your loan under 80% of the combined property value. Bear in mind your parents financial position is taken into account.

Great question, and there are so many variables to take into account when choosing a suitable loan product. Fixed rates do offer peace of mind in the event interest rates increase, however they also may have limitations. Normally fixed rates do not have features such as unlimited extra repayments, access to an offset account and if you payout the loan during the fixed rate period there may be break costs.

No, we are paid directly by the banks for introducing the business. The commissions we receive are fully disclosed to you.

Purchasing a property is a big financial commitment. It is best to know that the banks will lend you the money prior to entering any contract to give you peace of mind.