Visit Violet Calculators for an indication of how much you can borrow and check out Violet Loans to see what home loan suits you.

Generally you are required to demonstrate a 6 month savings history with a minimum deposit of 5%. More is always better but Violet can offer – to approved clients – 100% finance on the purchase price. You will need to be able to cover legal and government fees, which is approximately a further 5% of the purchase price.

Some tips to help you save your deposit

• Play House. To give you an idea of what it’s going to be like when you have a mortgage, create a budget now and live buy it to see if you can financially and mentally cope.
  - Save what a mortgage payment would be each month. If you pay rent save the difference between rent and a mortgage payment. Use our Calculators for an indication of what you can borrow and what the repayments will be.
   
• Put your savings in a separate bank account that does not have key card access.
  - Add any bonuses, tax refunds or monetary gifts into your savings account – it’s ‘bonus’ money.
  - Look at having a portion of you salary directly debited in to your savings account.
  - Put it in a high interest account.
   
• Become a wise consumer
  - Try not to impulse shop.
  - Budget and save for purchases before hand.