deal of the week

THE MORTGAGE MARKET IS CHANGING MORE QUICKLY THAN EVER BEFORE THAT IS WHY IT HAS NEVER BEEN MORE IMPORTANT TO SEEK PROFESSIONAL IMPARTIAL MORTGAGE ADVICE.

Contact our Fully Independent experts, who can search the whole market place to find you the best mortgage and insurance product to suit your exact needs.

We have access to a deal where the lender will allow the child to take out the mortgage with a parent. They will lend 100 % give a free basic survey and do not charge MIGP the fee is low at £ 499 which can be added to the loan.

The lender simply treats the parents existing mortgage (if they have one) as a regular commitment i.e. they annualize it deduct it along with any other commitments from their basic income then add it to the Childs income then x 4.

E.g.

Child earns £ 14,000 does not have any loans parent earns £ 30,000 and has an existing mortgage costing £ 350 / month.

£ 350 x 12) £ 4,200 - £ 30,000 = £ 25,800 + £ 14,000 = £ 39,800 x 4 = £ 159,200 that they can jointly borrow.

The lender does insist that the parent has been a homeowner with a mortgage for at least three years.

*terms and conditions apply.