HELP YOUR CHILDREN GET ON THE PROPERTY LADDER WITHOUT GIVING THEM A PENNY
First Time Buyers have a pretty hard time getting themselves onto the property ladder these days, so we thought it would be a good idea to highlight an innovative scheme that one particular lender is providing….Now it’s not right for everyone, but for some, it could be a really attractive product.
Will 2016 be the Year of the First Time Buyer? We think so. The Government has pledged to build more affordable homes and is already helping young people get on the property ladder with its Help to Buy and Shared Ownership initiatives*.
Furthermore, Woolwich has introduced its new FAMILY SPRINGBOARD MORTGAGE** which enables Mum and Dad and other relatives to help their children to buy their first home without losing any money. Here’s how it works –
- The first time buyer puts down a 5% deposit
- The relative stumps up a further 10% of the purchase price, whichis deposited in a Helpful Start account, where it stays for 3 years.As long as the first time buyer makes their mortgage payments every month, at the end of the term you get the cash back, AND you will have earned interest on it!We have access to these and other schemes, so if you want to know more, give us a call 01252 217036. Alternatively, take a look at our First Time Buyer’s Guide https://ynml.co.uk/ftbSource:
* https://www.gov.uk/affordable-home-ownership-schemes/help-to-buy-equity-loans **http://www.barclays.co.uk/flythenest?barc=fly531?&campaign=cmpid18600&chnnl=PSB&mpch=a ds
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