The Bank of Mum and Dad
How to buy your first home with no cash deposit using parents’ home as security
[dsm_breadcrumbs home_icon="%%236%%" disabled_on="off|off|off" _builder_version="4.24.3" _module_preset="default" items_text_color="#272947" home_icon_text_color="#272947" separators_text_color="#272947" current_text_color="#4dbf8c" custom_margin="||||false|false" custom_margin_tablet="||0px||false|false" custom_margin_phone="" custom_margin_last_edited="on|desktop" global_module="276953" saved_tabs="all" global_colors_info="{}" items_text_color__hover_enabled="on|hover" items_text_color__hover="#4dbf8c" theme_builder_area="post_content"][/dsm_breadcrumbs][et_pb_divider show_divider="off" admin_label="Blue Divider" _builder_version="4.16" max_width="50px" height="0px" custom_margin="44px||37px|" custom_margin_tablet="20px||30px|" custom_margin_phone="" custom_margin_last_edited="on|tablet" global_colors_info="{}" theme_builder_area="post_content"][/et_pb_divider][et_pb_video src="https://youtu.be/DdAPhN8hCKY" _builder_version="4.16" _module_preset="default" global_colors_info="{}" theme_builder_area="post_content"][/et_pb_video]
Let’s start with understanding your options
Gifting
Gifting is the simplest option where it is made up mostly of your parents’ savings
or a form of fund coming from your parents to cover for your house deposit. This
option comes with no expectations or repayment, no claims on the purchased
asset and ultimately no liability if the mortgage repayments fail. We can facilitate a top-up on the mortgage if need be
The Deed of acknowledgement of debt
This is simply saying that the parents are lending money and a contract is written to layout the terms of repayment. Similarly, this option, also tells us that Mum and Dad are not responsible guarantors for the home loan. We can facilitate a top-up on the mortgage if need be.
The Guarantor
This option provides a more feasible solution where Mum and Dad will also take part in the mortgage by using a portion of their home equity as guarantee. This means that the bank will have the security that they can get their money back through both properties when unexpected things happen.
We like to mitigate risk as follows
The first minimum payments interest only. The second is a 7-10 Year term to ‘free & clear’ mum and dad.
Take out adequate life, trauma, and income protection insurances
Remember, if you can’t pay the mortgage, mum and dad are only liable for the smaller guarantee loan only.
In all likelihood the way prices are going, we can refinance mortgage in 2 – 3 years time and remove mum and dad as guarantors
Now let’s unlock your future today and get you your new home
Get our advice for free
Great advice usually has a cost, but our expertise is free to first home buyers because the bank pays us! Banks pay us a commission because we are essentially doing all of the hard work for them. Most importantly we are strictly ‘unaligned’ which means we are not obligated to do business with one particular bank over any other, which means you’re always getting the best options and advice based on which bank is best for you.
See what our clients have to say
Nick Turner-Wright
9/17/2025
Has been a great experience working with Matt and his team. Have managed to get us better than the desired results so far
read moreread less
Matt and has team were wonderful to work with when buying our first home. Made the process a lot less daunting than it otherwise would have been. His team were very friendly and kept us up to date. And Matt has awesome knowledge to teach us which you could see his passion. Would highly recommend to anyone.
read moreread less
Matt and his team are the best around ! We had a tricky deal that was hard to make happen and they went above and beyond for us ! 100 percent would recommend and will be using again!!!
read moreread less
We first worked with Matt Willoughby and the team at OneStop a couple of years ago as first home buyers, and they were absolutely fantastic. They made what felt like the impossible happen and helped get my partner and me over the line.
Since then, we've continued working with them including taking the plunge into "adulting" by sorting out both life insurance and health insurance. Matt and the team made the whole process simple and easy to understand, walking us through every step.
We've now used them for all our insurance needs over the years, and they’ve always gone above and beyond. Such a great team and genuinely helpful, professional, and always with your best interest at heart. Couldn't recommend them more highly!
read moreread less
Matt was absolutely fantastic to work with! He made the whole mortgage process smooth, stress-free, and easy to understand. His communication was prompt, clear, and professional every step of the way, and he truly went above and beyond to get us the best possible outcome. We felt supported and informed throughout the entire process. We can’t recommend Matt highly enough—thank you for all your help!
read moreread less
Matt and the team at OneStop made purchasing our house easy and stress free for my family and I. Would definitely recommend getting in touch with Matt for your next/first house purchase.
read moreread less
Lavinia Akauola
4/07/2025
Matt is super easy to talk to and really kind. He takes the time to understand where we're coming from and gives helpful feedback and advice that actually fits our situation.
read moreread less
Great friendly service, highly recommend them.
read moreread less
We achieved results by getting the loan amount we wanted and expert advice on interest rates and how to add value to the investments. Always be working with Matt and the team.
read moreread less
Thanks team. OneStop did a great job guiding us through the process of getting our home loan sorted out. The financial advice and support through the process were spot on.
read moreread less
Brilliant advice and help from Matt. Was a massive help for us in our journey to buying our first home. Will definitely recommend for anyone.
read moreread less
Best service from smart people
read moreread less
Matt and Rue saw our vision and heart from the start. We were never left wondering about the next step as they explained things so simply. They were professional yet personable and always available, night or day:) We could not have bought our dream home without them. I would highly recommend this incredible team.
We're so grateful for them.
Belinda and Christopher Beukes, Manawatu New Zealand
read moreread less
Matt and his team were brilliant. They helped out, and answered every question I had every step of the way. And with their help and knowledge, I was ultimately able to make "what previously seemed to only be a dream" turn into a reality! And that was to purchase my first property! At the ripe age of 47 I may add 🙂. Thanks again for everything guys! Yous rock!
read moreread less
Matt has stuck with me after some ups and downs,a couple of banks and we got there, I was great full for the let's try again, try another bank and I got there. Fully recommend 🙂
read moreread less
Matt and his team are amazing! Would recommend them to everyone.
read moreread less
Matt and his team were absolutely amazing. We highly recommend them. Communication was amazing, we couldn't have bought our house without them.
read moreread less
Excellent service. I highly recommend Matt and his team A+
read moreread less
