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Can a deposit booster turn their loan into a gift?
Can a deposit booster turn their loan into a gift?

Yes they can! A deposit booster can gift part or all of their loan at any time.

Written by Tanisha Anand
Updated over a week ago

If you are a deposit booster, you do have the option to convert part or all of your deposit loan or equity loan into a gift at any time.

If you opted for an equity loan, as the balance increases or decreases depending on changes in the house price, the amount of the loan will reflect the purchase price at that time.

How do I request the change?

Please email us at [email protected] letting us know the amount you would like to gift and to who you are gifting this, we will then provide you with a Deposit Booster Waiver Form to sign. Once completed, we will update our systems and this change will be visible on your dashboard.

If you have any questions, please reach out to us via email or live chat.

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