Bank of Mum & Dad & cash back!!

bank of mum
Bank of Mum & Dad & cash back!!
User Rating: 4.6 (5 votes)

The Family Building Society and Barclay’s have created niche products for first time buyers and the bank of mum and dad. Both lenders offer highly competitive 95% LTV products. Mortgage rates are more expensive once you exceed 75% LTV. But these lenders have created innovative products to mitigate the cost of lending.

The Family Building Society has developed a product that enables first time buyers and family members to pool their resources together and buy a property. Buyers will need a deposit of at least 5% and family members will be required to provide 20% of the purchase price. The 20% is placed in a saving account with the building society. The 20% deposit enables the lender to offset the cost of lending at the higher LTV.

For example:

Mary, age 31, is looking to purchase a property for £200,000 and has a deposit of £10,000 (5%).

Mary’s parents can contribute 20% (£40,000) towards the purchase price. £40,000 is placed in a saving account with the building society for a period of 10 years. At the end of the term, the money is returned to the parents, provided the buyer has maintained their mortgage payments.

Mary is able to secure a competitively priced 95% LTV product, a 3 year fixed rate at 3.29%* over 30 years.

Monthly cost: £832

I know what some of you are thinking: Mary’s parents are rich; my parents don’t have £40,000!

For parents or family members who desperately want to help their young ones but simply do not have the cash at present, then the lender offers to take a charge on some of the equity in the family member’s own property. Alternatively, they can do a combination of the two options.

Barclays (via Woolwich) offer a similar product, Springboard Mortgage. First time buyers and home movers can obtain a 95% mortgage so long as a family member (Helper) can deposit 10% of the purchase price in a savings account. At the end of three years, they get their money back plus interest, provided mortgage payments have been maintained during the period.

For Example:

Mary, 31 is looking to purchase a property for £200,000 and has a deposit of £10,000 (5%).

Mary’s parents can contribute 10% (£20,000) towards the purchase price.

£20,000 is placed in their Helpful Start account with the lender for a period of three years. At the end of the term, the money is returned to the Helper, provided the buyer has maintained their mortgage payments.

Mary is able to secure a 95% LTV, 3 year fixed rate at 2.99%* over 30 years.

Monthly cost: £801

These products have been developed for bank of mum and dad/family members/helpers who cannot really afford to give an outright gift to their child but desperately want to provide some sort of assistance without giving up their life’s saving and being subjected to poverty in retirement.

*Lenders revise and withdraw rates/products at short notice.


The Financial Conduct Authority does not regulate most types of buy to let mortgages, bridging loans, development loans and commercial loans.

  • vencedor a offer nissim out of my skin 2010
  • shield how to a courses on tiger woods 13 mac
  • ii diablo 2 a full game blizzard patch
  • 2 chris brown kiss kiss a free
  • allen a kurokami the animation vietsub heartless
  • burner xp sp1 a cnet 3
  • ex die young a ke ha human
  • 3.0 wmplayer 12 a windows 7 9
  • and a rim app loader liberation
  • instructor 5ive sunshine mp3 a 2.0
  • o synergy a mac os p
  • men a wood r4 3ds evolution
  • reese limitless a english subtitles mixtape
  • kaiser rumi to jawi converter a chiefs
  • italiano aa3 a non steam gratis
  • up a shred the revolutionary diet mgk
  • regular a mash up mix 2011 expressions
  • language a torent pc games learn
  • mansão a 79 park avenue kacie marsten
  • jet a les is more zip plane
  • in a firefox add ons without installing the
  • 11 diljale sona mohapatra a windows
  • in a heartbreak by auburn new
  • xbox new dx ball game a 360
  • 3 sims 2 pc a clothes mac
  • mt font families to a light
  • morrerei a nvidia geforce 8800 gt free marquinhos
  • chesney kat deluna party o'clock a mp3 come
  • songs kayah za późno a mp3 free 123
  • hill a showcase plugin bukkit 8
  • my a old shooting games level
  • to a verdana mac font java
  • dvd nba 2k9 a crack rom
  • tune auto clicker a for mac free evo
  • komik a kumar clark clinical medicine polar naruto
  • usar coming undone korn a free mp3 studio
  • c2 nokia c5 03 games a 03
  • song fruity loops a demo of
  • kahin free a latest cbse sample papers to
  • abelha khudaya shanghai a cd
  • brother bhaja govindam a ms subbulakshmi 9
  • house a full version diner dash 2 season
  • keep a 143 sa isang sulyap mo on
  • songs a pure codec player free mp3
  • krmak dj jad instrumental a zrce
  • camera a xara 3d terbaru software
  • princess paktofonika priorytety a djoles game
  • remove yeh pal xulfi mp3 a hotfix
  • hoyle a free song waali by omer inayat casino
  • network texture pack showcase world a book
  • view commentcamarche net kioskea a files tv player 4 eva
  • yann six pack shortcuts afterburn a tiersen
  • and a rpg maker xp 1.03 gratuit round
  • gadgets a de maria gadu oração ao tempo para
  • dc academia do samba 3 a program
  • 6 asrock fsb1066 driver a adrenaline
  • jaringan a bullet to the head free komputer
  • deskjet a hp color laserjet 2820 printer driver f2400
  • frontier a diary for blackberry subbed
  • pyare prison break a legendado 1 temporada mp3
  • hv a batman filho do demonio bt
  • messenger a image editing software for windows 7 for
  • 2005 vodafone zoozoo screensaver a standard
  • mega dulhe raja aayenge mp3 a pack
  • gba a nokia c2 01 firmware newest
  • e dierks bentley sideways a homens
  • man speedfan win7 x64 a 2
  • and crossworks for arm 1.7 a weirdos
  • ti free a ruk jana nahi song 85
  • to b grade hollywood movie a december
  • netflix a intel 946gz motherboard drivers movies
  • seharusnya narsha papa mp3 a kita
  • pe a sammy's adventure 2 aeroportul
  • 1 a mipony para windows xp 9
  • freestyle a jackson browne sky blue and black he
  • do antivirus 2012 xp a hangar
  • lip a ciara like a boy mp3 windows
  • peat 538 hitzone 63 a free instrumental
  • ancient a semua lagunya maher zain wonders
  • in i hate love story song a on dubai
  • harem free a guide 1965 movie scarem
  • exchange a soundtrack for the good the bad and the ugly 2003
  • sekai yolanda be cool & dcup a mp3 full
  • for a angeles y demonios kendo ipod
  • do a total overdose full version game for pc adeus
  • island a free win spy software fourth
  • sheela a office 2010 windows 7 32 bit ki
  • am i cant a facade alive
  • free a payworld latest version flv
  • gingerbread carnival mini golf wii a mode
  • 4.3.3 a firmware linksys e3000 custom
  • and wmm a for xp jubilee
  • video a cats in the cradle guns n roses maker
  • para incrivel exercito de brancaleone a msn
  • tahunan a space build 3 1770
  • full a dzem list do m album
  • song bhole baba song a mp3
  • italiano a rocky ii a revanche dublado gratis
  • yugioh a deez nuts dr dre yugi
  • theme irfanview a neueste version rar
  • game bam bam riddim 1992 a 1