Your deposit
What your deposit does: it sets the loan to value, and the band decides how many lenders can help.
One home, three deposits
The same $360,000 home (sample). As the deposit grows, the loan moves into a lower band and more lenders on our panel lend at that level.
With a $18,000 deposit
Loan to value
0%60%75%80%85%90%95%100%
Loan $342,000, 95% of the price. Deposit $18,000, 5% of the price.
Loan $342,000 (95%) Deposit $18,000 (5%)
95% band: 17 of 40 lenders (sample). Each sets its own income and credit checks.
With a $36,000 deposit
Loan to value
0%60%75%80%85%90%95%100%
Loan $324,000, 90% of the price. Deposit $36,000, 10% of the price.
Loan $324,000 (90%) Deposit $36,000 (10%)
90% band: 29 of 40 lenders (sample).
With a $90,000 deposit
Loan to value
0%60%75%80%85%90%95%100%
Loan $270,000, 75% of the price. Deposit $90,000, 25% of the price.
Loan $270,000 (75%) Deposit $90,000 (25%)
75% band: all 40 lenders on our panel (sample).
Your home may be repossessed if you do not keep up repayments on your mortgage.
Lender bands on our panel
For the same $360,000 home: the deposit each band needs, and how many of our 40 lenders (sample) lend in it.
Deposit from $144,000
40 of 40 lenders
Deposit from $90,000
40 of 40 lenders
Deposit from $72,000
38 of 40 lenders
Deposit from $54,000
34 of 40 lenders
Deposit from $36,000
29 of 40 lenders
Deposit from $18,000
17 of 40 lenders
Lender counts (sample).
Where a deposit can come from
Lenders want to see where every dollar of the deposit came from. Most deposits are a mix of these.
Your own savings
Statements for 3 to 6 months
A gift from family
A signed gift letter
Equity in your current home
From the sale
A help-to-buy scheme
Scheme approval letter
Start with a free first call
Twenty minutes on the phone or by video. Have a rough price and deposit in mind; we tell you what the lenders will ask for and what we charge, before anything is done.