|The Family Pledge Mortgage enables parents to offer assurance that - should things go wrong - they will help. With this type of mortgage the parents' names do not appear on the mortgage or deeds to the property, but instead they offer to act as a guarantor, pledging that should the mortgage payment not be able to be met, they will step in. It provides a solution for parents who do not want to become joint borrowers, but would like to provide a back-up and help their child become first-time buyers.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The Society sets its SVR by taking into account a number of factors, including the Bank of England Base Rate. The SVR can be changed at any time, but will not necessarily rise or fall in line with movements in the Bank of England Base Rate.
The Family Pledge Mortgage also includes the following benefits:
- Personal service
Our Mortgage team can talk through all the options available based on individual circumstances.
- Full range of products available
Including Fixed, Tracker and Discounted mortgages.
- Flexible features
These include overpayments and underpayments. Conditions apply - ask us for further details.
If you have any questions or would like to talk through any of our mortgage products, please contact our Mortgage team on 01858 412610 - they will be happy to help.