Get onto the property ladder
With a little help from your family
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First time buyer Family Deposit

A Family Deposit mortgage from The Loughborough could mean you can get onto the property ladder with a little help from your family.

The principle behind the Family Deposit mortgage is simple. With the help of parents, a step-parent or grandparents you could apply for a mortgage even if you don’t have a deposit. The mortgage comes with a range of options that mean family members with a variety of circumstances could make it possible for you to get onto the property ladder.

We have products available, up to 100% loan to value, on a repayment basis for the purchase of property in mainland England and Wales.  You can find more information in our leaflet and answers to some questions you may have here.

FTB Family Deposit Mortgages

Variable Rate Mortgages
Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

3 Year Discount

3.34% 4.9% APRC 100% £499 View
for 36 months
find out more

Representative example

A Mortgage of  £139,026.00, payable over 17 years and 4 months (208 months) initially on a discounted rate for 3 years (36 months) of 3.34% and then on our current standard variable rate of 5.34% for the remaining 14 years and 4 months (172 months) would require 36 monthly payments of £881.34 then 172 monthly payments of £1,002.67. The total amount payable would be £205,525.91 made up of the loan amount plus interest (£65,545.91) and a £200.00 valuation fee, £499.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.9% representative APRC.

How to apply...

The Loughborough mortgage service is tailored to each individual and offered on a fully advised basis where applicable. Our qualified advisers will spend time with you to understand your mortgage needs and financial circumstances before recommending the most suitable solution for you.

There are a number of ways you can arrange to talk to one of our friendly team of Advisers, choose what’s best for you: