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Getting help from family to buy a home

Your parents or other family members might be able to help you buy your first home by gifting you money or guaranteeing your loan. 

Gifted funds

Gifted funds are when someone else, like a family member, gives you some of the money you need for your deposit. You’ll need evidence this money is a gift, and does not need to be paid back. 


A guarantee is when a home owned by someone else, such as your parents, is used as extra security to "guarantee" your loan. This means they will be responsible for some or all of your loan, if you’re not able to make your repayments.