Mortgage & Property Advice Centre for First Time Home Buyers
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First Time Home Buyer Guide

How Parents Can help First Time Buyers

It's a fact that the high property prices in the UK are preventing first time buyers buy their first homes. In over 50% of cases, first tme buyers are receiving some sort of financial help from parents. Parents can help with the deposit and with the mortgage.

Much can be done to help grown up children buy a first home - without breaking the bank or significantly impacting on parents' own finances; there are a good deal of innovative mortgages around to help you all out too. See our table of best first time buyer mortgages (for parents too!)

The chances are that you can help your child or grand child by accessing equity tied up in your own home - or maybe in other ways. There is more detail in our guide (links below) but essentially we recommend you seek speak to an advisor about equity release, remortgaging or secured loans.

This FirstRungNow guide shows how parents can help their grown up offspring buy a first home. It covers financing, taxation and legal issues.

Find Information about Parental Help for First Time Buyers in our guide: 

Helping with a deposit l Helping with the mortgage l Making a gift  l Tax Implications of parents helping children l Legal Implications  of parents helping children l Seeking out the right financial advice

Useful internal links:

Most useful and most popular pages on this site:

Look for your First Property l Seek First Time Buyer Mortgage Advice l See our Best First Mortgages Comparison Table l Find out about First Time Buyer Mortgages l Find out How to Buy a House l Learn all about The First Time Buyer Mortgage l Shared Ownershi

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Best First MortgagesSee the features of first time buyer mortgages, the pros and cons and where to find out more.

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ADVICE TO READERS
The contents of this site are for general information only and do not constitute financial advice. FirstRungNow Ltd is not responsible for any dealings or communications between its site visitors and other websites featured on www.FirstRungNow.com. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured against it. While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions. Property values can go down as well as up.

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