Help your Child to Buy - Gift option

At Share a Mortgage, we give you the option to gift a property to your children. You can either gift a large enough deposit so that your child can get a mortgage, or the full value of the property.

Remember, you can gift any amount of money to your children tax free; however if you pass away within 7 years of the gift, then there could be inheritance tax to pay.

Your children:

• are solely liable for the mortgage repayments
• take full responsibility for owning a property – no more rent or living at home!
• benefit if the gifted deposit is in excess of 20% as they attract better mortgage products
• benefit fully from selling, either with an increase in the property value and/or with the gifted deposit to be used on a future purchase

For you:

• avoid being liable for the repayment of the mortgage
• forms part of your tax planning
• satisfaction of helping your child onto the property ladder

We provide the full conveyancing service and introduce you to market leading mortgage advisors, conveyancing solicitors and RICS surveyors.

You should consider:

• you should only gift what you can afford, particularly if you have your own mortgage commitments
• you will have no say in how the property is run
• any financial gain from selling the property will accrue solely to the children
• the gift is not repayable

Your child’s home may be repossessed if they do not keep up repayments on their mortgage.

For more information call now on

0333 344 3234

Buy GiftGuarantee Loan

Help your Child to Buy Buying a home with your children can help them get onto the property ladder because you increase their buying power with your salary and additions to deposit funds. You also keep control because your name is 'on the deeds' as your children gain in independence and responsibility stemming from looking after the property and keeping up monthly repayments. Find out more about the Help your Child to Buy - Buying Option

Help your Child to Buy - with a Gift At Share a Mortgage, we give you the option to gift a property to your children. You can either gift a large enough deposit so that your child can get a mortgage, or the full value of the property. Remember, you can gift any amount of money to your children tax free. Find out more about the Help your Child to Buy - Gift Option

Help your Child to Buy as a Guarantor At Share a Mortgage, we give you the option to buy a property with your children with you acting as guarantor for their mortgage. As guarantor, mortgage lenders are more likely to lend and may offer a larger mortgage. The mortgage lender takes into consideration your income and assets which boosts the buying power of your child, with the additional security that you pay the mortgage if your child doesn't. Find out more about the Help your Child to Buy - Guarantor Option

Help your Child to Buy with a loan At Share a Mortgage, we give you the option to loan your children money to buy a property. Your loan not only gives your children more buying power but means that the mortgage figure they need to buy their home will be less and monthly repayments will also be lower. You set the conditions for your loan; when and under what circumstances it is to be paid back. Find out more about the Help your Child to Buy - Loan Option