95% Parent Assisted Mortgage 2.79% fixed for five years

Take advantage of this five year fixed rate Parent Assisted mortgage with just a 5% deposit required and a charge over the parental home.

  • Affordability calculator Want to know if you can afford this mortgage?

    Gross annual income

    Mortgage details

    This is the maximum amount based on the information you provided. Your mortgage adviser will take you through the application process and will calculate the amount you can afford to borrow based on your income after the deduction of those expenses and commitments. Further restrictions may apply for specialist products.

rate i
SVR (standard variable rate) i Overall cost for comparison i Max %
2.79% 5.44% 4.5% APRC 95% Interest only and repayment options available
  • See example

    Representative example: A mortgage of £160,000 taken out for a period of 25 years on a repayment basis.

    Monthly instalments: £743.09 per month for 59 months, followed by £937.13 per month for 240 months.

    Total amount payable: £ 270,063.51

    Total amount of credit: £160,000

    The total amount payable includes administration fee £125, valuation fee £255, collateral valuation fee £115, product fee £640, completion fee £75 and closing fee £100.

    The overall cost for comparison is 4.5% representative APRC.

    This example relates to the 95% Parent Assisted Mortgage 2.76% fixed for five years and is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personalised illustration for your own particular requirements.


  • Availability - Purchase 95% Loan To Value (LTV), including fees where added (subject to conditions). Minimum deposit of 5% required.
  • Flexibility - Overpayments up to 20% of the capital balance as at 1st January are allowed in each calendar year without penalty. 
  • Portable.

If you repay your mortgage early, or make an overpayment, you may have to pay an early repayment charge.

For full repayment, you will pay 3% of the outstanding balance in years 1, 2, 3 & 4; 2% in year 5, plus a Closing Administration Fee (currently £100).

For overpayments, you will pay 3% on any amount exceeding your 20% limit in year 1, 2, 3 & 4, 2% in year 5.

  • Product Fee 0.4% of advance (Minimum £599).
  • Administration Fee £125.
  • Valuation Fee (scale).
  • Collateral Valuation Fee £115.
  • Completion Fee £75.

Lending Criteria and Information


Size: Minimum £50,000, Maximum £350,000.
Term: Minimum 5 years, Maximum 40 years.


Minimum Value: £100,000. Must be in England, Wales or mainland Scotland.  


Minimum age is 18.


Minimum income of £20,000, no minimum period of employment but must have passed probation, or have been self employed for at least three years. Parental income is not considered when deciding how much we will lend.


Applicants must have a clear credit history and be able to demonstrate that they can afford the monthly repayments. Applicants must have sufficient funds available to pay all fees. Additional security will be required in the form of a collateral charge over the parental property. This means that your parent(s) may find it more difficult to raise capital against the equity in their home and in the event of default their home may be at risk. Maximum total charges over additional security must not exceed 70% of its value. Your parent(s) must take independent legal advice regarding the collateral charge and we will require written confirmation from a solicitor.

We will carry out a full assessment of your income and expenditure to ensure that you can afford your mortgage both now and in the future.

We take a flexible approach to underwriting and will consider each case on its merits. We do not credit score. The actual rate and APRC for your case will depend on your circumstances and our assessment of the risk.

Collateral Valuation: If the collateral security is standard construction and is visible from the road, the Valuer will endeavour to carry out a drive-by valuation and this will be charged at £125. If the Valuer is unable or unwilling to carry out a drive-by valuation, or the property has a current value of >£500,000, we will require a standard mortgage valuation to be carried out and this will be at our usual scale fee based on the value of the property.

How to apply

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