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.