{"id":103414,"date":"2019-01-29T01:18:06","date_gmt":"2019-01-28T18:18:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-without-mum-and-dads-help-letter\/"},"modified":"2019-01-29T02:04:43","modified_gmt":"2019-01-28T19:04:43","slug":"mortgages-without-mum-and-dads-help-letter","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-without-mum-and-dads-help-letter\/","title":{"rendered":"Mortgages without Mum and Dad\u2019s help | Letter"},"content":{"rendered":"


\nThe deposit-free mortgages I am proposing would be aimed at those whose net income would increase significantly by moving from renting to buying, and who are not fortunate enough to be able to draw on the \u2018Bank of Mum and Dad\u2019, writes Frank Field MPWhile Lloyds has identified the largest barrier facing people who are trying to buy their first home, its new deposit-free mortgage offers scant comfort for those who are not fortunate enough to have a \u201cBank of Mum and Dad\u201d (Lloyds offers 100% mortgages for first-timers with well-off relations, 28 January).I have asked the Building Societies Association whether its members would consider taking this reform one step further. This proposal was prompted by Santander\u2019s research which showed that in every region of the country, the net income of households would significantly increase if they could buy rather than rent, but that higher rents prevent such families all too often being able to save for a deposit. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Mortgages without Mum and Dad\u2019s help | Letter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The deposit-free mortgages I am proposing would be aimed at those whose net income would...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103414","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qTY","jetpack-related-posts":[{"id":11960,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-mum-and-dad-behind-25-of-british-mortgages\/","url_meta":{"origin":103414,"position":0},"title":"'Bank of Mum and Dad' behind 25% of British mortgages","date":"May 3, 2016","format":false,"excerpt":"\r Lending power of parents to reach \u00a35bn this yearThe \u201cBank of Mum and Dad\u201d will help finance 25% of UK mortgage transactions this year, according to research. Related: UK housing crisis: four in 10 renters fear they will never own a home Continue reading...\r \r Source : theguardian.com\r Read\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12042,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/return-of-100-mortgages-ease-burden-on-bank-of-mum-and-dad\/","url_meta":{"origin":103414,"position":1},"title":"Return of \u2018100% mortgages\u2019 ease burden on Bank of Mum and Dad","date":"May 6, 2016","format":false,"excerpt":"\r New deals allow parents to underwrite the cost of home loans for their children\r \r Source : ft.com\r Read more...Return of \u2018100% mortgages\u2019 ease burden on Bank of Mum and Dad","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12116,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-boom-time-for-bank-of-mum-and-dad-if-you-chose-the-right-parents-barbara-ellen\/","url_meta":{"origin":103414,"position":2},"title":"It\u2019s boom time for bank of mum and dad \u2013 if you chose the right parents | Barbara Ellen","date":"May 8, 2016","format":false,"excerpt":"\r The return of 100% mortgages just shows that however much things change, they tend to stay the sameIn the same week that the Halifax decided to increase its age limit for borrowing, so that mortgage terms are extended to the borrower\u2019s 75th or even 80th birthday, Barclays announced the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56548,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/britain-needs-a-bank-of-mum-and-dad-for-all-to-combat-inequality-paul-sanderson\/","url_meta":{"origin":103414,"position":3},"title":"Britain needs a bank of mum and dad for all to combat inequality | Paul Sanderson","date":"June 1, 2017","format":false,"excerpt":"\r A \u2018help to save\u2019 plan for tenants who lack access to family money could level the home ownership playing fieldMy parents married, obtained a mortgage and bought their first home in the 1950s. For several years prior to that, they had saved almost every spare penny towards a deposit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":151199,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-and-co-op-bank-cut-mortgage-rates-as-halifax-and-lloyds-ease-rules\/","url_meta":{"origin":103414,"position":4},"title":"HSBC and Co-op Bank cut mortgage rates as Halifax and Lloyds ease rules","date":"April 15, 2025","format":false,"excerpt":"\r Lenders stepping up mortgage price war in apparent response to financial turmoil sparked by US tariffsUK lenders are stepping up a mortgage price war, with HSBC and the Co-operative Bank announcing fresh rate cuts, and Halifax and Lloyds Bank loosening their affordability rules to enable homebuyers to borrow more.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103408,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lloyds-unveils-100-mortgage-for-first-time-buyers\/","url_meta":{"origin":103414,"position":5},"title":"Lloyds unveils 100% mortgage for first-time buyers","date":"January 28, 2019","format":false,"excerpt":"\r Purchasers need no deposit if family can back the loan by moving 10% of price into bank\u2019s saver accountBritain\u2019s biggest lender is to offer 100% mortgages to first-time buyers in a return to lending last seen before the financial crash \u2013 but only if the buyer has family that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103414"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=103414"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103414\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}