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Buckinghamshire Building Society: Family Assist Update
26 June 2020
Our commitment to First Time Buyers
In today’s market first time buyers are finding it very challenging to find a mortgage with no deposit or a deposit of 5% or 10%.
Buckinghamshire Building Society’s Family Assist mortgage offers up to a 40 year term and allows the applicant to borrow up to 100% of the purchase price. By taking a collateral charge on the parents’ property we can use equity in their property to help their children get on the property ladder with smaller deposits. Our new AVM desktop can be used to value the parent’s property with a standard valuation on the children’s property. Here’s an example of how it works:
(please download the attached pdf)
Information Files
Bucks BS Family Assist 25.06.20
