Financial Times - Barclays ‘100% mortgage’ eases burden on Bank of Mum and Dad
Barclays new "family spingboard" product has been hailed as the return of the 100% mortgage.
Aaron Strutt, from Trinity Financial, told the Financial Times the deal was a good option for parents who wanted to help children on to the property ladder and get their money back.
He said: “It makes it an easier question for the child. ‘Will you lend me 10 per cent for a few years? You’ll get it back if I make the payments on time,’ is much more appealing than ‘Will you give me money? I probably won’t be able to pay it back — ever.”
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