A new product that has appeared on the mortgage scene is being called a 100% LTV Family Guarantee Mortgage. This has been designed for families who wish to help their children get on the property ladder. As the name suggests, a family member must provide a guarantee and that guarantee must come in the form of security on their property and must cover at least 25% of the child’s new mortgage. What’s more, the security on the family member’s property must not take the total combined liability of all the secured debt (mortgages, loans etc.) above 75% across both properties. eg: Parents have
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