We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Low-LTV (£125-150 k) mortgage with 75-y-o parent – lender options?

TempUsername0307 · 2025-05-31 09:23:45

Key facts * Purchase price: £625 k * Equity from sale: ≈ £567 k * Loan needed: £100-150 k (≈ 20-24 % LTV) * Refurb budget: up to £60 k (kept from equity) Applicant 1 (me) * Age 41, trainee surveyor (RICS) * Salary down to £28 k from £90k as retraining → rising to ~£50 k in Aug 2026 when I qualify * Clean credit (never had…

Comments

ACG Posts: 24,626 Forumite

1 June at 7:03PM

I think dad can "give" you the money (assuming he is up for it) and have a charge on the house which can be removed when paid back with one or 2 lenders.
Various ways to do it, joint borrower sole proprietor would save on stamp duty or a joint mortgage with both on deeds.

A lot depends on what is important to you - stamp duty, rates etc etc. Speak to a broker, you should have options.

I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
0