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Be in your own home sooner with the help of a
Family Guarantee.

  • Home Loans Buy your home sooner
    as you don’t need to save
    for a full deposit
  • npbs icon Borrow up to 100%
    of the value of the
    property
  • Better value banking icon Reduce your buying costs -
    you may avoid the need for
    Lenders Mortgage Insurance*
  • Clock icon The guarantee is limited to
    a portion of your borrowings,
    not the total amount borrowed

Family Guarantee

The Family Guarantee enables an immediate family member such as your parents, to provide a guarantee to help get you into your own home sooner.  

The guarantor provides security for a portion of your borrowings in the form of a first registered mortgage over their property. This can reduce the amount of money you require for a deposit and your buying costs as you may no longer require Lenders Mortgage Insurance (LMI*).

Things to consider


  • Family Guarantee is available for the purchase of Owner Occupied properties only.
  • Guarantors are liable to repay the guaranteed portion of your borrowings in the event you default. Guarantors are required to seek independent legal advice.

  • You are responsible for paying any applicable stamp duty and legal fees associated with your purchase.
  • You are responsible for making repayments on the full amount of your borrowings. The Family Guarantee does not reduce or assist with your home loan repayments. 

We’re here to help

Our friendly lending managers can walk you through the entire process and help you every step of the way.

Newcastle Permanent’s Family Guarantee could help get you into your home sooner than you thought!

Find your local branch
Newcastle Permanent
Here’s some information for you:
Applications are subject to credit approval. Full terms and conditions will be included with our loan offer. Fees and charges are payable.
References to “interest only” on this page refer to loans with interest based repayments – please ask us for further details. References to "LVR" mean Loan to Valuation Ratio which is calculated by dividing the loan amount by the value of the property (as determined by us). There may be a difference between the purchase price and the value of the property.
* LMI (Lenders Mortgage Insurance) protects the lender against non-payment or default on a residential loan. It is payable by a borrower when a loan exceeds the maximum allowed loan to valuation ratio (loan amount divided by the value of the property) allowed by the lender.