Mortgage Advice for First Time Buyers, First Time Buyer Mortgages and First Mortgage Advice

Home Buying Guide

Gifted Deposit

Gifted depositĀ and a gifted deposit mortgage is a way of buying a first home without raising the deposit yourself.

A gifted deposit is a sum of money given by a third party for use as a deposit for a property. More and more first time buyers are receiving gifted deposits either from family members or house-builders to help them on the first rung of the property ladder. This can make the difference between being able to afford your first home and not becsaue you can buy a home with no deposit! The reason these have a special name is because there are particular tax laws governing the money accepted as a gift. That being said, many first time buyers are benefiting from this way of buying a gifted deposit property.

Find out more about gifted deposits from parents, see our 'How Parents Can Help Guide'. To find out how much you could borrow by way of a personal loan to help a child with a deposit, obtain a quote.

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News and Offers for First Time Buyers


There's alot going on! What do you think?

Interest rates are low but could rise? Is this a good time to buy?


Varialbe rate mortgages go up if bank interest rates do. Which is your preference?

Fixed Rate
Variable rate

Interest only mortgages are cheaper but in the end you don't end up owning the property. Which is better?

Interest Only

House prices are waivering. Do you think this is a good time to buy?


Shared equity mortgages allow you to buy a new home with 5% deposit and an equity loan through FirstBuy. What do you think?

Too complicated
Too expensive
Too risky

Rent to buy allows you to peg a property price, save towards a deposit and pay reduced rent. What do you think?

Works best in a rising market
Too complicated
Good option


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