Guarantor Home Loans

Buying a Property With a Guarantor? We Can Guide You

At Complete Home Loans Sydney, we help clients explore guarantor home loans to reduce their deposit requirements or help them avoid paying LMI. Whether you’re a first-home buyer or looking for additional flexibility, we guide you from initial assessment through to settlement with clear advice every step of the way.

Our role is simple: review your circumstances, explain how a guarantor could support your loan, compare lender options, and structure your loan to suit your goals.

Why Consider a Guarantor Loan?

A guarantor loan allows a family member — often a parent or close relative — to provide security for your home loan, typically using their property. Benefits can include:

It’s important to note that guarantor loans come with obligations for the guarantor. Understanding these responsibilities before applying is essential.

Understanding Borrowing and Loan Structures

Guarantor loan structures differ between lenders:

  • Some lenders offer a single loan with a guarantor, while others allow split loan structures.

  • Certain lenders may only accept a guarantor if their mortgage is with that lender, while others allow an unencumbered property to be used as security.

  • The Deed of Priority / Consent is a legal agreement that obtains permission from any other financial institution holding security over the guarantor’s property. This clarifies the guarantor’s involvement and the amount being secured.

  • Guarantors may be advised to obtain independent legal advice to fully understand their obligations and risks.

We review each lender’s rules and guide both borrower and guarantor to select the most suitable structure for their situation.

The Application Process

When you apply for a guarantor loan, we manage every step:

  • Assess borrower and guarantor eligibility

  • Compare options across multiple lenders

  • Prepare and collect all required documentation

  • Explain the Deed of Priority / Consent and any legal agreements

  • Submit the application and communicate with the lender

  • Coordinate settlement

You deal with one point of contact throughout, ensuring the process is seamless.

Why Work With a Local Mortgage Broker?

Each lender has different policies, approval timeframes, and loan structures. By comparing options across a wide panel of lenders, we help you make an informed choice.

Serving Camden, Newtown, and Sydney-wide, our local knowledge and personal approach ensures the guarantor loan process is clear, manageable, and aligned with your goals.

Frequently Asked Questions

Who can act as a guarantor?
Not everyone qualifies — typically a parent, close relative, or someone with sufficient equity in their property. Each lender sets specific eligibility criteria.

Does the guarantor need an existing mortgage?
It depends on the lender. Some require the guarantor to have a mortgage with that lender, while others accept an unencumbered property. We’ll explain the options available for your situation.

What is the Deed of Priority / Consent?
It’s a legal document that secures the guarantor’s involvement and ensures any other lender holding security over their property agrees to the arrangement.

Thinking About a Guarantor Loan?

If a guarantor could help you reach your home ownership goals, we can review your situation, explain lender requirements, and structure a loan that works for both you and your guarantor.

Contact Complete Home Loans Sydney today to discuss your guarantor loan options.

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