Parent assisted mortgages

blackmagic_3

Hi

I'm looking for a 95% parent assisted mortgage, i'm in Scotland and Bristol and West won't do their one in Scotland, does anyone know of other good suppliers who will cover Scotland.

jennifernil

Halifax might help

herbiesjp

most high street lenders will look at guarantor mortgages for you

emma2978

blackmagic wrote:

Hi

I'm looking for a 95% parent assisted mortgage, i'm in Scotland and Bristol and West won't do their one in Scotland, does anyone know of other good suppliers who will cover Scotland.

Hi,
I have just been looking into this possibility of parents lending and hand and came across Norwich and peterborought building society lend a hand mortage, if you go onto their website it will tell you more - mortages - other mortages - lend a hand.
Hope this helps

MortgageMamma

royal bank of scotland are very good for this, but take professional advice. you will need it. also your parents need legal advice if they are going guarantor. this is a lender requirement.

ReportInvestor

This is a useful, up-to-date article. I've already posted it on another thread, but it's also relevant here.

Sunday Times

How to take the first step, using the bank of mum and dad

It also gives the example of parents putting money into an offset mortgage account , eg with Yorkshire BS, to reduce the monthly payments.