Our Parental Affordability Boost could get your client on the property ladder.
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If your client is struggling to get on the property ladder our Parental Affordability Boost, offered across our standard range of Freestyle residential mortgages, could help them.
Our Parental Affordability Boost is available where your client's parent(s) / step parent(s) are able to act as guarantors on their mortgage.
By taking into consideration your client's and their parent(s) net income, the amount they could borrow is significantly increased.
The Parental Affordability Boost is available up to 90% LTV.
When your client's circumstances or affordabiliity change they are able to release their parent(s) easily from the mortgage.
The mortgage remains in your client's name only which means they will not have to pay any Capital Gains Tax on the property.
Our rapid underwriting facility means that we can make a decision within 24 to 48 hours.
Direct access to our underwriters allows you to discuss any complex cases and keeps you up to date on how your client’s case is progressing.
We will also consider other types of guarantor mortgages up to 75% LTV on a case by case basis.
For more information call us on 0845 845 8451. Call charges may vary.
Mortgage guarantor(s) must be a parent or step parent.
Your client and their parent(s) are subject to credit checks and income verification.
Parent(s) must have a minimum of £100,000 equity in their own home.
Parent(s) must have minimum annual earnings of £40,000.
Parent(s) are responsible for 100% of the mortgage.
The maximum amount that can be borrowed is £250,000.
Guarantors should seek independent legal advice.
If your client pays off their mortgage early they may have to pay an early repayment charge.
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