Get the kids on the property ladder without getting into financial worries.

There’s no easy way round it, buying your first property is a tough ask these days. Parents who bought fifteen or twenty years ago didn’t have it easy but they have reaped the rewards of a remarkable housing boom. For many families finding a way to use those rewards is the only way the next generation can afford to get onto the property ladder.

That’s why Family Equity has come up with fresh new idea to make everything fairer and simpler when you’re figuring how to help the kids.

Click here to contact us or download our eBook.

Intro
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Avoid the 'Guarantor Trap' and keep everyone happy.

Parents wanting to help their kids onto the property ladder is not new but the risks scare many away from the idea.

For many parents the financial, legal and emotional consequences of providing guarantees or gifts are just too great, so in the end the kids are left to fend for themselves in a tough market.

Family Equity is based on a new approach where everyone can win from helping the kids navigate the property market, whether they’re just starting or already have a mortgage. With Family Equity everyone knows where they stand, the risks are reduced and the kids retain their independence.

Click here to contact us or download our eBook.

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Who does it suit?

As the name says Family Equity is for the whole family. For mum and dad or grandparents with home equity or savings  they want to use to help their children get on to the property ladder.

Family Equity is also for the kids who want to get into the property market but keep their independence.

Family Equity suits:

  • Parents with savings or home equity wishing to help their children with a deposit.
  • Kids who earn enough to afford a home loan but don’t have a large enough deposit.
  • Young home buyers wanting to minimise Lenders Mortgage Insurance.
  • Parents who want to help their kids better manage their existing mortgage and potentially get a higher return on their savings.

Click here to contact us or download our eBook.

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Why is it good for the parents?

  • Help the kids get into the property market or manage their existing mortgage
  • Participate in growth of the kids’ property, if you want
  • Generate an income from helping the kids, if you want
  • Get a higher return on your cash savings
  • Use your own savings, home equity, or both
  • Worry free, structured legal agreements
  • Your contribution is protected
  • No need to be guarantors – your own home is not used as security for the kid’s loan
  • Eliminate the pitfalls of loose ‘dinner table agreements’ that go wrong when times change or couples go separate ways
  • Help more than one child

Click here to contact us or download our eBook.

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Why is it good for the kids?

  • Get on the property ladder sooner and before more price rises
  • Lower the interest payments on your existing mortgage
  • Help your parents get a better return on their cash savings
  • Talk to parents with a structured worry free plan
  • Reduce or eliminate lenders mortgage insurance with a larger deposit
  • Stay independent – your parents are not on the title of the property
  • Be equal – mum and dad don’t have the ‘upper hand’
  • No connection to your parents’ home
  • Create a Money Plan so you don’t over-commit yourself

Click here to contact us or download our eBook.

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How it works

Family Equity is a new approach with a number of special and innovative ideas. There’s been nothing like it up until now.

  • The parents decide how much they want to contribute to help
  • The financial aspects of the contribution are agreed and put in writing using our unique and flexible Family Equity legal agreement
  • The kids combine their parents’ contribution with their own savings and a home loan to buy a home or reduce their existing mortgage
  • The parents’ financial interest is registered with State Government authorities
  • The kids get a Money Plan and repay the parents according to their own agreement

Unlike sketchy ‘over the dinner table’ promises, everyone’s interests are protected with our legally prepared Family Equity Agreement which eliminates the pitfalls of loose Sunday lunch agreements’ that go wrong when times change or couples go separate ways.

Click here to contact us or download our eBook.

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Family Equity

Interested in knowing more? Let’s get your property dreams off the ground!