22 Jul 2019
The average house deposit is now £33,000 and for many young people, a cash gift from family can be a real boost towards buying a home.
Our latest ‘Bank of Mum and Dad’ research shows that grandparents have contributed £657 million to helping first time buyers in the UK. Many use their pension, savings or investments. They may not realise that an alternative could be to release equity from their property with a lifetime mortgage.
A lifetime mortgage is a loan secured on your client’s home.
This is not a consumer advertisement. It is intended for professional financial advisers only and should not be relied upon by private individuals or any other persons.