Family Equity products, known as Family Pledge and Family Guarantee may be used for borrowers with no or low deposit to purchase a property and avoid paying high Lenders Mortgage Insurance (LMI) fees. It allows parents to provide a guarantee by using their property as security for the loan. At LoanPort we recommend Limited Liability Guarantees which are designed to minimize the liability to the parents so they are only liable for the amount required. It is important that all parties are aware of their legal rights and responsibilities. LoanPort Finance Brokers are experienced in structuring these types of loans. Our annual loan reviews, include a review of the guarantor portion and when appropriate we arrange for the family equity guarantee to be removed.

Genuine savings
Lender's mortgage insurance
First home owners' grants