No Deposit Home Loan (NDHL)

June 23, 2015

A significant casualty of the global financial crisis was the NDHL. Whilst there now does not exist a NDHL in its purest form, e.g. $250,000 purchase, $250,000 loan, there are situations where certain borrowers will not have to put up a cash deposit.

Examples of these situations include:

  • Cocktail Lending facilities structures to lend 100% of the purchase price
  • First home buyers purchasing cheaper priced properties
  • Purchasers that pledge the equity within a property they already own, as security for the loan to purchase the new property
  • Purchaser that have family or friends prepared to offer a security guarantee, i.e. a mortgage over their property for the borrower’s home loan.

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