Help your child buy a home of their own

If your child has saved up some deposit but their maximum borrowing is too low to get a suitable mortgage, an Income Boost could be for you. Also known as a Joint Borrower Sole Proprietor mortgage, an Income Boost enable you to add your income to the buyer's mortgage to increase their affordability.

If your loved one is struggling to save a large enough deposit and you own a home, a Deposit Boost could be the answer. By unlocking money from your property in an affordable & ethical way, you could get them on the ladder faster and help them make big savings in interest.

If you do have cash savings, but feel uncertain about gifting your child money, a Savings as Security mortgage could be the solution. By depositing 10% of a property's value into an account held by the lender, your loved one can get a mortgage with no deposit saved up. After the end of a set term, you'll get your savings back, plus interest.

Like a standard Income Boost, you'll add your income to your child's mortgage application. But instead of being a guarantor, you'll co-own the property with them, contributing to the repayments in return for equity in the home. With a larger combined income, your loved one will be able to access lower interest rates or afford a more expensive property.

Saving up a deposit can often be the biggest barrier to homeownership. By contributing to your child's house deposit, they can get on the ladder sooner as well as access better mortgage rates. In return, you'll own a percentage of their home.