Family Pledge

Make it easy for a family member to guarantee part of your home loan

Do your parents want to help you buy a home? St.George Family Pledge is a way for your parents or family to help you purchase a home without them actually providing the cash for a deposit. Instead, they can use their own home's equity to provide additional security for a portion of your loan amount. This solution reduces your loan to value ratio and can also save you a significant amount of money by avoiding the need to pay Lenders Mortgage Insurance LMI).

So you get into your home faster, with help from your family.

By increasing your security, you can reduce or avoid paying Lender's Mortgage Insurance¹
Allows the guarantor(s) to nominate a specific amount to limit the guarantee they provide²
Allows the guarantor(s) to be released from the guarantee much sooner than would normally occur²

Learn more about how your family can help you get into your new home sooner

Call a home loan expert on 13 33 30 8am - 9pm (AEST), 7 days a week.

1. Lender's Mortgage Insurance LMI) is generally payable on loans exceeds 80% of the value of your property.
2. Subject to the bank's acceptance/approval at time of application/request.