Buying Property for Parents

Buying Property for Parents

Buying Property for Parents – Buying property for Parents refers to buying a property for your Parents, (or indeed your parents’ current house) usually through the use of a mortgage. Buying property for parents may not always be for residential purposes; in some instances individuals buy property in the name of their parents as an investment, generally as a supplement income as parents reach retirement age. Applying for a mortgage with the purpose of buying property for parents can be a cost-effective way of housing your parents in their old age, while maintaining a property portfolio. In some instances, it may be a cost-effective investment to buy your parents home, especially if they are still paying their mortgage and are struggling on a low pension income, or if you do not want the complications that come with private rental or care-homes.

We understand that buying property for parents is always in-part a personal decision, so using a mortgage broker with a personal approach that understands your individual needs and circumstance is important. We promise to make any application through our team of expert advisers at Capital Fortune as easy as possible, filling in all the paperwork and making sure the terms and conditions of any mortgage we may recommend are appropriate to your circumstance. Whatever your reason for buying property for parents, our years of experience in finding the right mortgages for our clients mean that we have the expertise to search the market, while putting you first.

Call our mortgage broker team now on 020 3 216 2037 or complete the Mortgage Enquiry Online. As part of our service, we will call you back.

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Residential - Purchase - Best Buys


LenderInitial
Rate
Mortgage
Type
For/Until Subsequent
Rate
The overall
cost for
comparison is
Early Repayment
Charge
Arrangement
Fee
Loan
to
Value
Details
Nationwide BS 2 Year Tracker £999 Fee Existing Borrowers BNW1.09%Tracker2 years 3.74%3.4%APRC £99960%
Product Code: 119
Product Name: 2 Year Tracker £999 Fee Existing Borrowers
Lender Code: BNW
Lender Name: Nationwide BS
Initial Pay Rate: 1.09
Mortgage Class: Tracker
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 3.74
Apr Lenders: 3.4
Early Repayment Charge Period Sort Field: 0
Initial Monthly Payment: 461.03
Monthly Payment After Initial Period: 608.37
Fees Total: 1084.00
True Cost: 0.00
True Cost Over Initial Period: 11029.72
Cashback: 100.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 20
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 65.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 174.75
Lender Product Reference: 117555
Detail
Nationwide BS 2 Year Fixed £999 Fee Existing Borrowers BNW1.09%Fixed2 years 3.74%3.4%APRC2 years £99960%
Product Code: 318
Product Name: 2 Year Fixed £999 Fee Existing Borrowers
Lender Code: BNW
Lender Name: Nationwide BS
Initial Pay Rate: 1.09
Mortgage Class: Fixed
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 3.74
Apr Lenders: 3.4
Early Repayment Charge Applies Until: 2 years
Early Repayment Charge Period Sort Field: 1431
Initial Monthly Payment: 461.03
Monthly Payment After Initial Period: 608.37
Fees Total: 1084.00
True Cost: 0.00
True Cost Over Initial Period: 11029.72
Cashback: 100.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 20
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 65.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 174.75
Lender Product Reference: 117380
Detail
Nationwide BS 2 Year Tracker £999 Fee Existing Borrowers BiR BNW1.09%Tracker2 years 3.74%3.5%APRC £99960%
Product Code: KL1
Product Name: 2 Year Tracker £999 Fee Existing Borrowers BiR
Lender Code: BNW
Lender Name: Nationwide BS
Initial Pay Rate: 1.09
Mortgage Class: Tracker
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 3.74
Apr Lenders: 3.5
Early Repayment Charge Period Sort Field: 0
Initial Monthly Payment: 461.03
Monthly Payment After Initial Period: 608.37
Fees Total: 1084.00
True Cost: 0.00
True Cost Over Initial Period: 11029.72
Cashback: 100.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 20
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 65.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 150000.00
Legal Fee: 174.75
Lender Product Reference: 117964
Detail
Nationwide BS 2 Year Fixed £999 Fee Existing Borrowers BiR BNW1.09%Fixed2 years 3.74%3.5%APRC2 years £99960%
Product Code: KMI
Product Name: 2 Year Fixed £999 Fee Existing Borrowers BiR
Lender Code: BNW
Lender Name: Nationwide BS
Initial Pay Rate: 1.09
Mortgage Class: Fixed
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 3.74
Apr Lenders: 3.5
Early Repayment Charge Applies Until: 2 years
Early Repayment Charge Period Sort Field: 1431
Initial Monthly Payment: 461.03
Monthly Payment After Initial Period: 608.37
Fees Total: 1084.00
True Cost: 0.00
True Cost Over Initial Period: 11029.72
Cashback: 100.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 20
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 65.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 150000.00
Legal Fee: 174.75
Lender Product Reference: 117949
Detail
Halifax Intermediary FTB 2 Year Fixed £999 Fee BHX1.14%FixedJun-20193.74%3.4%APRC30-Jun-2019 £99960%
Product Code: 001EDZ
Product Name: Intermediary FTB 2 Year Fixed £999 Fee
Lender Code: BHX
Lender Name: Halifax
Initial Pay Rate: 1.14
Mortgage Class: Fixed
Initial Rate Period: Jun-2019
Initial Rate Period Months: 26
Standard Variable Rate: 3.74
Apr Lenders: 3.4
Early Repayment Charge Applies Until: 30-Jun-2019
Early Repayment Charge Period Sort Field: 1433
Initial Monthly Payment: 463.72
Monthly Payment After Initial Period: 607.47
Fees Total: 1354.00
True Cost: 0.00
True Cost Over Initial Period: 12411.72
Cashback: 0.00
Valuation Fee: 355.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 0.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 161.27
Lender Product Reference: FAP387
Detail
Santander UK Plc Online Exclusive 2 Year Tracker £999 Fee (Scottish) CAN1.14%Tracker2 years 4.49%3.8%APRC £99960%
Product Code: 001JNJ
Product Name: Online Exclusive 2 Year Tracker £999 Fee (Scottish)
Lender Code: CAN
Lender Name: Santander UK Plc
Initial Pay Rate: 1.14
Mortgage Class: Tracker
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 4.49
Apr Lenders: 3.8
Early Repayment Charge Period Sort Field: 0
Initial Monthly Payment: 463.72
Monthly Payment After Initial Period: 654.58
Fees Total: 1259.00
True Cost: 0.00
True Cost Over Initial Period: 11389.28
Cashback: 0.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 35
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 225.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 184.75
Lender Product Reference: V949R / V949V
Detail
Santander UK Plc Online Exclusive 2 Year Tracker £999 Fee CAN1.14%Tracker2 years 4.49%3.8%APRC £99960%
Product Code: 001JNK
Product Name: Online Exclusive 2 Year Tracker £999 Fee
Lender Code: CAN
Lender Name: Santander UK Plc
Initial Pay Rate: 1.14
Mortgage Class: Tracker
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 4.49
Apr Lenders: 3.8
Early Repayment Charge Period Sort Field: 0
Initial Monthly Payment: 463.72
Monthly Payment After Initial Period: 654.58
Fees Total: 1259.00
True Cost: 0.00
True Cost Over Initial Period: 11389.28
Cashback: 0.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 35
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 225.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 184.75
Lender Product Reference: V949R / V949V
Detail
Post Office Intermediary 2 Year Fixed £1495 Fee POS1.17%FixedJun-20194.24%3.8%APRC30-Jun-2019 £149560%
Product Code: HSU
Product Name: Intermediary 2 Year Fixed £1495 Fee
Product Availability: Intermediaries Only
Lender Code: POS
Lender Name: Post Office
Initial Pay Rate: 1.17
Mortgage Class: Fixed
Initial Rate Period: Jun-2019
Initial Rate Period Months: 26
Standard Variable Rate: 4.24
Apr Lenders: 3.8
Early Repayment Charge Applies Until: 30-Jun-2019
Early Repayment Charge Period Sort Field: 1433
Initial Monthly Payment: 467.41
Monthly Payment After Initial Period: 640.68
Fees Total: 1990.00
True Cost: 0.00
True Cost Over Initial Period: 12617.66
Cashback: 0.00
Valuation Fee: 270.00
Arrangement Fee: 1495.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 30
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 195.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 1500000.00
Legal Fee: 258.00
Lender Product Reference: ZEU
Detail
Barclays Bank 2 Year Tracker £1499 Fee Purchase BWO1.18%Tracker2 years 3.74%2.2%APRC2 years £149960%
Product Code: 001D4T
Product Name: 2 Year Tracker £1499 Fee Purchase
Lender Code: BWO
Lender Name: Barclays Bank
Initial Pay Rate: 1.18
Mortgage Class: Tracker
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 3.74
Apr Lenders: 2.2
Early Repayment Charge Applies Until: 2 years
Early Repayment Charge Period Sort Field: 1418
Initial Monthly Payment: 467.86
Monthly Payment After Initial Period: 611.28
Fees Total: 1614.00
True Cost: 0.00
True Cost Over Initial Period: 11343.64
Cashback: 0.00
Valuation Fee: 0.00
Arrangement Fee: 1499.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 35
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 80.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 2000000.00
Legal Fee: 126.00
Lender Product Reference: AA36
Detail
Barclays Bank 2 Year Fixed £1499 Fee Purchase BWO1.18%FixedMay-20193.74%3.5%APRC31-May-2019 £149960%
Product Code: 001DAX
Product Name: 2 Year Fixed £1499 Fee Purchase
Lender Code: BWO
Lender Name: Barclays Bank
Initial Pay Rate: 1.18
Mortgage Class: Fixed
Initial Rate Period: May-2019
Initial Rate Period Months: 25
Standard Variable Rate: 3.74
Apr Lenders: 3.5
Early Repayment Charge Applies Until: 31-May-2019
Early Repayment Charge Period Sort Field: 1432
Initial Monthly Payment: 467.86
Monthly Payment After Initial Period: 610.75
Fees Total: 1614.00
True Cost: 0.00
True Cost Over Initial Period: 11811.50
Cashback: 0.00
Valuation Fee: 0.00
Arrangement Fee: 1499.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 35
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 80.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 2000000.00
Legal Fee: 126.00
Lender Product Reference: AF94
Detail

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The mortgage products displayed above are as a result of the following search: Reason for Mortgage: Purchase; Property Valuation: £200000; Mortgage Amount: £120000; Payment Method: Repayment; Mortgage Term: 25 years; Mortgage Product: All Offset: No Product Term Period From: 0 Months; Product Term Period To: 300 Months; . For a more accurate quotation please use our Quick Mortgage Quote facility.

Mortgage product availability is subject to status and availability.

Although great care is taken to ensure that product details are as accurate as possible no liability can be accepted for errors or omissions. To confirm details and availability of any product please click the “Do I Qualify” button.