Finance Hub
Low Deposit Loans
You may not always need a large deposit to get started. We introduce you to independent, licensed brokers who can explain low deposit options and their trade-offs clearly.
Getting in with less
Some lenders and government-supported schemes allow borrowers to buy with a smaller deposit than the traditional benchmark. This can bring a purchase forward by years, but it usually comes with additional considerations.
Borrowing a larger share of the property's value often means paying lenders mortgage insurance, which protects the lender rather than you. A broker can explain when this cost is worth it and when it is worth waiting.
Weighing the trade-offs
A low deposit means a bigger loan, higher repayments, and less of a buffer if values move. That is not a reason to avoid it — for many buyers it is the sensible path — but it should be a considered choice, not an accident.
How we help
We connect you with independent, licensed brokers who assess your eligibility and explain the numbers. We do not provide credit advice ourselves.
Related reading
- First home buyer support — help for buyers entering the market with a smaller deposit.
- How to buy your first home — every step of a first purchase explained.
Frequently asked questions
What is lenders mortgage insurance?
It is an insurance premium that protects the lender if a loan with a smaller deposit goes into default. It is a cost to you but does not cover you. Your broker can explain when it applies.
Can I avoid a large deposit altogether?
Some schemes and guarantor arrangements can reduce the deposit needed. A licensed broker can tell you what you may be eligible for.