A Guarantor Loan utilities a family members property as equity to cross collateralize against your new purchase.

With this strategy, you can avoid Lenders Mortgage Insurance and you are also not required to have a deposit, your parents home equity will act as the deposit. You are still required to pay stamp duty unless you have an exemption as a First Home Buyer or any other government scheme. However, the stamp duty can also be paid using your parents property through an equity release on their property.