This episode is all about how family can help you with your first home purchase. We discuss:

• Parental guarantees - The likelihood of success with a parental guarantee, potential restrictions on the parents, and whether banks are keen to accept it.

• The Springboard loan - Which banks are involved, how it works, and who it’s for.

• The positives and negatives of joint ownership, including a quick chat about bright-line property rule.

• Getting a loan from parents to make up your deposit - some scenarios where this might apply, and some of the relationship property agreements involved.

• We also discuss some of the things you need to consider when being gifted money for your deposit, and what happens if parents want to sell a house to their children.

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