Austyn Johnson – Helping your children to buy property? No cash? No problem!

When it comes to helping your children hop up onto the property ladder, it’s always been the same, ‘give them some money’. But what does that really mean? Well, put frankly, it means you give them money you know you’ll never see again!

In a period where the cost of living crisis is taking hold for many and cash isn’t as readily available as it once was, what if there was a way to help your children onto the property ladder without the need of giving cash?

What if there was a way you were able to provide them with more funds than you would normally feel comfortable doing so in cash?

The good news is that there is a way and you may find yourself providing a more rewarding cash sum to use as a deposit.

At H D Consultants we can arrange for a mortgage lender to put a charge on your own home in the same amount that you wanted to gift your child in cash.

Furthermore, as long as you or your child has a 5% deposit, this lender will then consider a 20% charge on the equity in your own h