When it comes to helping your children onto the property ladder, its always been the same. Gift them some money. 
What does that mean? Well it means you don’t see it again! 
What if there was a way to help them onto the property ladder without the cash? Cash that can be more helpful elsewhere? 
What about if we can arrange for a lender to put a charge on your home in the same amount that you wanted to gift them? More even… 
As long as you or your child has ONLY 5% deposit, this lender will then consider a 20% charge on the equity in your house which, as long as you don’t sell or default on the mortgage in the next 10 years, they take away the charge and its gone! 
Your child will then benefit from being able to get on the ladder, using your home as a stepping stone. They will also be offered a beneficial rate, lowering their monthly payments. 
Lets look at an example from the lender: 
Value: £150,000 
Mr Wilson is 55 years old and earns a reasonable income as a teacher. His step-daughter Christine has recently graduated from university and he'd like to help her buy her first home. However, he doesn’t have savings to spare. 
Christine has saved £7,500 - a 5% deposit toward buying the flat she’s chosen and wants to borrow £142,500. George can’t spare any cash but he does own his home. 
The lender allows George to use some of the value of his home as security for Christine's mortgage. By doing this he can help Christine get a more favourable interest rate than she’d otherwise be able to get. George isn’t using the whole value of his home as security, just the £30,000 needed to secure Christine a better interest rate. Assuming Christine keeps her mortgage up to date, the charge on George’s property comes to an end after 10 years. 
If you would like to have a conversation about this, please get in touch. 
Austyn Johnson 
07500 871 209 
Tagged as: family, mortgage, support
Share this post:


H D Consultants. Contact details here Live Chat webpage here Broker Log In / BrokerCentre here 
Head Office address; 109 Maldon Road, Colchester, Essex CO3 3AX (Administration Centre only) 
Your home may be repossessed if you do not keep up repayments on your mortgage. 
We normally charge a Professional Client Fee for mortgage advice. The amount will depend on your circumstances. A typical fee would be £500. The actual Professional Fee may be more or less than this, and is subject to a full Fact Find discussion and research process. H D Consultants is a trading name of Howard Reuben who are an Appointed Representative of PRIMIS Mortgage Network, a trading name of Personal Touch Financial Services Ltd. Personal Touch Financial Services Ltd is authorised and regulated by the Financial Conduct Authority.. Registered Office: Preston House, 163 High Street, Crowthorne, Berkshire, RG45 7AF. Registered in England & Wales. Company Registration Number 4952586. This site is for UK Consumers only. Website Terms and Conditions click here for our Privacy Policy. GDPR Privacy Policy - click here (PDF download / view) This site contains third party links. By clicking these links you will depart from the H D Consultants' regulated site. H D Consultants nor PRIMIS Mortgage Network is responsible for the accuracy of the information contained within the linked site. The Financial Conduct Authority does not regulate some of the services listed. H D Consultants, mortgage and life insurance advisers, is authorised by the FCA no 403701. Our in house Wills and Trusts Practice is a long standing Member of the Society of Will Writers and Estate Planning Practitioners.  
FP Ref: 1436009 / exp 25.08.2025 
Long established, recognised and national nominees and award winners for our professional mortgage services; 
Our site uses cookies. For more information, see our cookie policy. Accept cookies and close
Reject cookies Manage settings