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Family Springboard Mortgage

Buy your home without a borrower deposit

Buy a home without a borrower deposit if your family or loved ones can provide 10% of the property’s price as security.

Your home may be repossessed if you do not keep up repayments on your mortgage.

How it works

You need to be 18 or older and buying a home in the UK worth up to £500,000. Our Family Springboard Mortgage isn’t suitable if you’re buying a new-build property.

You don’t need a borrower deposit

Your family or helper provides security to your mortgage by opening a Helpful Start account with 10% of the property purchase price.

Your family gets their money back with interest

If you make all your mortgage payments on time, we return their money – with interest – after 3 years.

You keep full rights to the property

Your family or loved one isn’t considered a guarantor – but we may retain some of their money for longer than 3 years if you miss any payments.

Fixed monthly payments for 3 years

We charge a fixed rate of interest for the first three years – then you move to our lifetime tracker rate.

Our latest rates

You can also check our full mortgage range to see if our other mortgages are suitable for you, download our 
 tariff of mortgage charges and read our legal information.

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How to apply

Call us or visit a branch to make an appointment where we can discuss whether our Family Springboard Mortgage is suitable for you.

Call us

Lines are open all day, every day, except on bank holidays and during Christmas, when they may be closed at off-peak times1.

0800 197 1081

Mortgage appointment

How to prepare

Find out which documents you’ll need and what you’ll discuss with our mortgage adviser at your appointment.

Visit a branch

Find a branch near you that offers appointments with mortgage advisers and see when we’re open.

Getting legal advice

Before we agree to lend you money under the Family Springboard Mortgage, you’ll need to give us the contact details of the solicitor who is giving you advice about taking out this mortgage. This can’t be the same solicitor who is handling the purchase of the property, but it can be someone from the same company. You or your helper will need to pay their fees.

Getting independent legal advice is important, and your solicitor will explain what opening a Helpful Start Account as part of the Family Springboard mortgage means. You should also read the terms and conditions of the Helpful Start account

Your solicitor will explain what happens if the property buyer can no longer make their mortgage payments. If that happens, we’ll keep the money the helper deposits in the Helpful Start Account. And if we need to repossess the property, the helper could lose some or all of the money in the Helpful Start account if there’s a shortfall between the money we’re owed and the amount we sell the property for.

Need some help?

Chat to us online

Start a web chat if you have a question about applying (we can’t give advice about choosing a mortgage during web chats).

Visit a branch

Find a branch near you that offers appointments with mortgage advisers and see when we’re open.

More ways to buy your home

Help to Buy equity loans

Top up your deposit with an equity loan

With a Help to Buy equity loan, you can add to your deposit on a new-build property, whether you’re a first-time buyer or buying a new home.

Shared ownership mortgages

Buy a share of a home and pay rent on the rest

Buying a home through shared ownership means you can apply for a smaller mortgage amount – so your deposit could be lower, too.

Joint mortgages

Buying property with other people

Buying with your partner, family or friends can make sense, so long as you weigh up the benefits and risks of taking out a joint mortgage with others.