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Former UBS bankers plug a gap in the low deposit mortgage market

Second-time property buyers who don’t qualify for the government’s 5 per cent deposit scheme have another borrowing option to avoid lenders mortgage insurance.

James Eyers

The three founders of low-deposit home loan start-up Sucasa aren’t worried that Canberra is encroaching on their turf.

First-time property buyers are flocking to the federal government’s 5 per cent deposit scheme, which allows them to avoid expensive insurance charged by banks if they can’t stump up 20 per cent of the price.

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