With a little help from your family
Family Deposit
We recognise that life isn’t always simple so whether you’re a first time buyer or making a fresh start having encountered an unexpected life event, you might need a little help from your family to purchase or re-mortgage your home.
Our product is available up to 100% loan to value (LTV), on a repayment basis for properties in mainland England and Wales. Your family member would need to guarantee the deposit of up to 20% of the purchase price/valuation by way of either a cash sum, which is deposited into a savings account or by allowing a collateral charge against their own property. When there’s enough equity in your property, they’ll be able to re-claim their cash sum or remove the charge from their property, whichever is applicable.
You can find more information and answers to some questions you may have in our Family Deposit FAQs.
Variable rate
for comparison
Representative Example
Joint Borrower Sole Proprietor – 3 Year Discount
Representative Example
5.15%
7.6% APRC
95%
£999
Fixed rate
for comparison
Family Deposit Mortgage 5 Year Fixed
Representative Example
6.15%
7.5% APRC
100%
£499
Representative Example
Joint Borrower Sole Proprietor & Deposit Guarantee 5 Year Fixed
Representative Example
6.25%
7.5% APRC
100%
£499
Joint Borrower Sole Proprietor – 5 Year Fixed
Representative Example
5.85%
7.4% APRC
95%
£0
