The best mortgage offers help grownup children to finally fly the nest.
Parents are looking for UK lenders best mortgage offers to aid their children buy property, in an effort to regain their home.
Those looking for the cheapest mortgage rates should contact Deal Direct today for a life improving deal.
We have access to lenders very best mortgage offers, some of which are advertised on line, and some of which are not and so are only accessible through us.
We are able to advise parents that there are various mortgage products currently on offer which could help their children to make the move from living with parents to owner of their own home.
Previously most parents believed their children would leave home and strike out on their own in their early 20s, however this is currently not proving not to be the case.
A combination of high property prices and reduced lending to low deposit first time buyers, has meant many young adults are having to wait to spread their wings. Many cannot now afford to leave the parental home until in some cases, their mid 30s.
Recent research from the Office for National Statistics has revealed that around 3 million adults between 20 and 34 years of age remain stuck living at home with their parents.
However Deal Direct are here to tell you there is hope. Through us there are various options which can be explored to achieve an affordable mortgage offer.
Parents can help out by gifting a mortgage deposit or they can offer a mortgage guarantee. Lenders such as The Mortgage Works offer guarantor mortgages, with rates for a 2 year fix starting at 5.59% for 85% LTV.
Deal Direct have access to lenders best mortgage rates, we can help hopeful buyers to fly the nest.
Call Deal Direct for an up to date mortgage quote.