Mortgage Strategy - Barclays allows parents to back children's loans

Aaron Strutt Image
Barclays has launched a mortgage scheme that allows parents to include their income as part of their child’s affordability check. The family affordability plan, called Helpful Start, allows parents’ income to be taken into account without their names appearing on the property deeds. Aaron Strutt, product and communications manager at Trinity Financial, says: "The move is one of the most positive ideas we have seen for quite some time. "Mortgage lenders have been tightening their affordability calculations for the past few years and it would be nice to see more initiatives like this." Click here to view full story:  http://tinyurl.com/d5mn9tp June 25, 2012
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