A non-bank money lender is offering first home buyers mortgages with just a five percent deposit.
Broker and peer to peer loan provider, Squirrel has unveiled a new scheme called Launchpad to help people on good incomes into their first homes.
But the deal is not as straight forward as a simple bank loan, and not everyone can get in on the action.
Infometrix senior economist Brad Olsen talks to Jesse about the offer.
Photo: 123RF
