Money MOT: new 100pc mortgage deal - Telegraph
So, who would put their own home on the line so their sprogs can get that £500K bedsit above the kebab shop?
Bath Building Society is now offering 100pc mortgages to first-time buyers – the only catch is that the society will put a charge on the parents' home.
To qualify for the deal parents have to have enough equity in their own property to cover 25pc of the purchase price of their child's first home.
To qualify for the deal parents have to have enough equity in their own property to cover 25pc of the purchase price of their child's first home.
So, who would put their own home on the line so their sprogs can get that £500K bedsit above the kebab shop?
Comment