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First home buyers want to get into the property market, but rising house prices, plus stamp duty and other upfront taxes and fees are making it tougher than ever.

Even though they’re able to service a loan, many can’t raise the 10 or 20 per cent deposit and fall at the first hurdle.

One option is to have parents pay the deposit as a gift, or use their own home as security against the new loan.

Most banks require evidence of savings, but will accept a gift from parents if it stays untouched in a savings account for several months.

Most family homes held for any period of time will also have a healthy amount of equity to use. Major lenders have a range of family equity products to make the process easier, so you can sign on as guarantor and finally get the kids to move out.