Halifax family boost

Marshke

Hi,

Right so, I know generally these schemes can be bad from googling for a bit but wondered if this situation takes out enough risk to make it the best option for me.

I will be a first time buyer and can deposit potentially between 20-45k. But if then my parents put in the deposit that’s locked away for 3 years they’d get interest also and with my additional that would take away the worry of negative equity being a high risk at the very least, no?

Any advice would be appreciated.

Thanks
Kev

Marshke

Anyone?

Unsure which is my best route still

Cscott139

If you can fund the deposit yourself then just go down that route. You will get a much more competitive interest rate and much more choice in terms of lenders.