Parental Assisted Mortgage Scheme from Bath Building Society
Parent assisted mortgage for young professionalswith financial assistance from parents and a sharer
How does the Parental Assisted Mortgage work?
Bath Building Society has launched a new product to assist people onto the mortgage ladder for the first time by using equity in their parents home to secure a higher loan to value than would otherwise be available. Additionally, we may use rental income generated from letting a spare room in the property to assist with the mortgage costs. Parents can assist their children by guaranteeing the mortgage and by allowing a charge over their own residence to support the loan required. For further information about the Parental Assisted Mortgage click HERE.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGETHINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME