Helping family onto property ladder

WYSPECIAL

Looking at the schemes where we can deposit cash in a savings account that the lender has a charge over for a period which means the purchaser needs a smaller or no deposit.
The interest they pay seems quite generous and there are no concerns about the money being tied up for a period of time or the fact there will be a legal charge on it.

Can’t find any recent threads so wondered if anyone had any experience of these?

poseidon1

You mean a mortgage arrangement similar to Barclays below ?:

https://www.barclays.co.uk/mortgages/family-springboard-mortgage/

There Are 10 separate threads on that product, none recent, example below -

https://forums.moneysavingexpert.com/discussion/5813101/barclays-springboard-can-it-even-work

WYSPECIAL

Thanks,

I looked at the old threads that came up but couldn’t find anything recent.

If they’re still selling them nearly 9 years after that link you’ve given there must be people taking them out.

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82175996#Comment_82175996

You would have thought so, but apparently those people don't read this forum.

My impression is a vanishly small number of the populace engage with MSE forums.

Certainly there is no one I know in my friends/ family circle who even know about MSE let alone the forums.