Category: Your Deposit

Category: Your Deposit

How to save a much larger home deposit
January 27, 2020 Borrowing Tips & Tricks, Home Buyers, Investors, Your Deposit Alex Lyall

When you are thinking about your first home, finding out you should be thinking about saving for a 20 per cent deposit can seem really overwhelming. The good news is that for some of the big non-bank lenders like Pepper Money, a minimum deposit required on some products can be as little as five percent

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What is Genuine Savings?
August 27, 2019 Borrowing Tips & Tricks, Your Deposit Nicholas Gohdes

In short, ‘Genuine Savings’ is a term used by most banks to refer to savings you have made yourself over a period of time. This is opposed to savings acquired in a lump sum e.g. receiving a gift or a one off bonus from work. Why do the banks care? By evidencing that you have

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