Yahoo Finance - Nationwide allowing family members to give relatives helping hand with mortgage costs
Nationwide Building Society has launched a new mortgage range to allow customers to raise funds from their existing property to help their relatives buy a home or move up the property ladder.
Aaron Strutt, product and communications director at Trinity Financial, told Yahoo Finance that Nationwide’s new product is unique to the market.
“Most other lenders simply offer remortgage rates to help parents remortgage and release funds to put towards their children’s deposit. They do not offer lower rates to tempt them in.
He added: “I still do not think that many first-time buyers are aware there are so many options available to them or how much the market has changed over the last few years.”
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