The Helping Hand mortgage from Vida Homeloans has been designed to allow parents to join their child on the mortgage (and to have their income taken into account as part of Vida’s affordability assessment) without being on the title deeds and jointly owning the property. This type of mortgage is known as Joint Borrower Sole Proprietor. It could be an attractive solution for parents who own their own home and do not want to be caught by the increased stamp duty that could apply if they had to be on the title deeds to their child’s home.

Vida is the first specialist lender to offer such a product, which is available up to a maximum of 90% LTV for FTBs, can be combined with gifted deposits, the self-employed and a maximum of four applicants buying together, across the wide range of Vida’s Plus rates and specialist lending criteria, including adverse.

For more information on this product, visit the Vida Homeloans website