How can I help my child get on the property ladder?
Prices of property and houses have risen drastically in the past few decades. It is becoming pretty difficult to become a home-owner because of the increased cost. To make way for better facilities, the mortgage lenders have also come up with innovative schemes which will open a broader range of options for the first time buyers. They can also look for independent mortgage advice from their parents and choose to buy the property even if you don't have the cash to make the deposit right away. These schemes are referred to as "family assist" mortgages. If you include your parents to give the money, you can also apply for a joint mortgage application. If the parents of the children have a better earning, it will become more feasible to borrow the amount. Let us see some of the lifetime mortgage advice in Teddington and other places which are going to help further you to get your child on the property ladder. 1) Start planning when your child is young If you are