Family Mortgages

June 11, 2021

It’s become a familiar problem in recent times, families struggling to borrow enough to buy or move home, and although parents might be able to help, there are worries about Mum & Dad’s age or if there is a mortgage product available that isn’t too restrictive.


Introducing the Family Mortgage, designed for those who have a minimum 25% deposit but cannot afford the mortgage on their income alone. This is a great product as it allows the parents to go onto the mortgage application with their children to make up any affordability shortfall. 

The parents aren’t going onto the title deeds so no need to worry about any 2nd home stamp duty fees, and applications can be accepted to take the parents up to age 95!!

Ward Goodman Financial Planner and Mortgage Expert, Adrian Seager adds,

‘Ideally the primary applicants will be in receipt of an earned income of around £20,000, meaning this isn’t limited to borrowers in certain professions.

This can also work in the reverse, where children can assist their parents who don’t want to sell the family home or move onto an equity release mortgage.’


If you think this style of mortgage lending could suit your current situation, why not give Adrian a call today on 01202 875900



Your property may be repossessed if you do not keep up repayments on your mortgage. 

Ward Goodman Financial Services Limited is authorised and regulated by the Financial Conduct Authority. 




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