About Us  |  Careers  |  Contact Us  |  News  |  Font Size  
Decrease font size
Increase font size
Customer online services
Login in button
top main border
Top white border

Family Pledge Mortgage

The Family Pledge Mortgage means that parents can help secure a mortgage for their children by guaranteeing to make repayments should something go wrong.
Family Pledge Mortgage
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.


Family Pledge Mortgage - 1.50% Discount off Standard Variable Rate (SVR) for Term
1.50% discount off the Society's SVR, (currently 5.49%) for term The interest rate will never fall below 3.50% Overall cost for comparison
3.99% 3.50% 4.1% APR Variable
Maximum Percentage Loan (Repayment) Arrangement Fee Early Repayment Charges
90% £250 2% during the first 2 years

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.

Request your free copy of the family first guide today!

Everything you need to know about buying a first home
Small box top border
  Related Information  
Small box bottom border
Bottom white border
Top border