Family Springboard Mortgage

Are you a first time buyer looking to make that first step onto the property ladder and getting a helping hand from your parents or extended family, First Choice Finance have numerous mortgage plans from lenders offering family springboard mortgages, accepting gifted deposits of joint borrower sole proprietor mortgage (JBSP mortgage) plans.

A family springboard mortgage is a mortgage plan that allows a family member (usually a parent) to offer there savings as security for the purchase of a property, this money is often released after 3-5 years of punctual payments, this differs from a gifted deposit where the parent actually give the money towards the purchase of a property. Other alternative mortgages borrows can consider are guarantor mortgages or JSPB mortgages, but with these two types of family help mortgage the parents will also be on the mortgage and will also be partly responsible for keeping up the mortgage payments.

Qualified Personal Mortgage Advice Is Exactly What We Provide.

We treat our clients as individuals, and tailor our services accordingly. Offering a fully managed service whether you are a first time buyer, homemover or looking for the best remortgage package.

We aim to ease the process from application to moving in.

At First Choice Finance we are dedicated to providing you with the mortgage solutions that are tailored to your needs as well as providing a route to many other financial products.

Whether you are a first time buyer, moving home, looking to remortgage or a buy to let investor we could help you find the right mortgage product for your needs... Please call or complete our simple enquiry form if you would like to book a no-obligation quotation with us.

If you are a first time buyer, finding the most appropriate first mortgage requires considerable time and effort. With access to a wide range of lenders on the mortgage market, let First Choice Finance find you the right deal for you. Offering specialist mortgage options for first time buyers that include family springboard mortgages, guarantor mortgages, mortgages that accept a high loan to value, shared ownership mortgages and JBSP mortgages, all this can be a bit over whelming our friendly, professional mortgage advisers will be happy to talk through the different mortgage options.

Hassle Free
Your own dedicated advisor will manage your application from start to finish dealing with all the paper work and liaising with Lenders, Insurers, Solicitors, Surveyors etc to ensure everything goes smoothly. With over 25 years’ experience we have lots of experience offering mortgage`s to suit most circumstances from low rate mortgage for a prime remortgage through to a poor credit debt consolidation remortgage helping a borrower rearrange their finances and restructure their debts to make them more manageable.

Mortgages & Remortgages 8.4% APRC. Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)

Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.

First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.