Can I use equity in my home as a deposit for an investment property?

Many an investor has started out by utilising the equity of their own home.  Banks will usually accept equity in a home (or other property) as additional collateral against which they are prepared to lend.

This means you could potentially borrow the full purchase price of the property, as well as all costs (stamp duty and other fees) without having to contribute any cash.  The risk in using your home as collateral is that if you can’t fund the mortgage for the investment property, the investment property and your home are at risk. When we meet, we can go through the options you have available.