It will also allow a desktop AVM on the parents’ property (subject to conditions), to help reduce the overall cost.
Buckinghamshire Building Society has expanded its Family Assist product range to include discount and fixed rates.
It will also allow a desktop AVM on the parents’ property (subject to conditions), to help reduce the overall cost.
Tim Vigeon, head of lending at Buckinghamshire Building Society, said: "This is a tough time for first-time buyers who already find it hard to get onto the property ladder.
"Our Family Assist Mortgage offers a solution to those who have family members in a position to help secure a loan. We also offer repayment terms of up to 40 years helping to lower the monthly cost of the mortgages.
“We are fully committed to first-time buyers and intend to keep our Family Assist product in place.”
