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With a little help from your family

Home > Mortgages > Family Assist > Family Deposit

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 here.

Try our mortgage Calculator
Our mortgage calculator is designed to show you how much you could potentially borrow and how much your monthly payments would be. The amount is based solely on your income without deducting household expenses and financial commitments. Your mortgage adviser will take you through the application process and will calculate the amount you can afford to borrow based on your income after the deduction of those expenses and commitments. Further restrictions may apply for specialist products.

Gross annual income





LTV Amount





Payment Terms





Variable rate

Product
Initial rate
Overall cost
for comparison
Max % LTV
Completion Fee
Mortgage Repayment
 
Joint Borrower Sole Proprietor & Deposit Guarantee 3 Year Discount
Representative Example
3.49%
5.2% APRC
100%
£699
Product
Joint Borrower Sole Proprietor & Deposit Guarantee 3 Year Discount
Representative Example
Initial rate
3.49%
Overall cost for comparison
5.2% APRC
Max% LTV
100%
Completion Fee
£699
Family Deposit Mortgage 2 Year Discount
Representative Example
3.35%
4.4% APRC
100%
£0
Product
Family Deposit Mortgage 2 Year Discount
Representative Example
Initial rate
3.35%
Overall cost for comparison
4.4% APRC
Max% LTV
100%
Completion Fee
£0