Using equity release to help a first time buyer

Equity Release

Our client was looking to buy a property to move from expensive rental accommodation, but due to adverse credit was unable to get a mortgage with the deposit available.

We suggested an alternative approach, whereby the client could approach his parent to release some equity from their property to assist in the purchase. With this additional deposit available, the client was able to obtain a mortgage, saving them thousands of pounds in ongoing rental costs. 

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