Buy your home with a deposit of just 5%
Our Family Springboard Mortgage lets your family give you some help – and get their money back with interest if you keep up your repayments.
- Available to first-time buyers and movers
- Pay a fixed rate for 3 years
- Not available for NewBuy properties
Your home may be repossessed if you do not keep up repayments on your mortgage.
How it works
Get the property you want with a little help from your family – and a deposit of just 5%.
For the property buyer
- Apply for a Family Springboard Mortgage of up to £500,000 on a property in the UK, with a 5% deposit
- Pay a fixed rate of interest for 3 years – when that ends we’ll move you to a LifeTime Tracker Mortgage
- You retain full rights over the property – your helper isn’t a guarantor
For the helper
- They open a Helpful Start Account with 10% of your purchase price at the same time you apply
- They get their savings back after 3 years with interest, as long as you keep up the repayments
If you miss repayments, we may retain their money for a further period
Our current rates
This table outlines what the initial interest rate will be, as well as the follow-on rate, the amount you can borrow, and any application and early repayment charges. You can sort any of the columns by selecting the column title.
Are you a Premier customer? See our exclusive mortgage range.
The current mortgages data is unavailable. A complete list of all mortgage rates is available for download here.
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Initial interest rate
Follow on interest rate
Overall cost for comparison
Loan to value
Early repayment charge
*BBBR means the Barclays Bank Base Rate, which is currently 0.50% (effective 6 March 2009).
What you need to apply
- Information about the property – where it is and how much it’s worth and the contact details of any estate agents and solicitors you’re using
- Details of your income and outgoings, including any money you owe in loans, credit cards and overdrafts
- If you don’t bank with us, you’ll need to bring 2 forms of original ID (not photocopies)
Independent legal advice – understanding the benefits and risks
Ready to apply?
Request a call back
Need some help?
If you're a homebuyer and have a question about mortgages. You can also browse our mortgage FAQs .
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Help to Buy equity loans
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Buying a share of a property with a housing association means you can apply for a smaller mortgage amount – and buy more shares later if you choose to.Explore shared ownership
Buying a home with other people
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