Family Boost mortgage.
Saving enough for a mortgage deposit is hard. But our new Family Boost Mortgage can help first time buyers onto the property ladder quicker – Halifax makes it happen.
- No borrower deposit required - instead, your family puts 10% of the agreed property purchase price into a 3 year fixed term savings account.
- It’s all yours - only those named on the mortgage have the legal rights over the property no matter who helped.
- Your payments stay the same - because you’ll be on a 3 year fixed interest rate mortgage, making budgeting easier each month.
- The savings will earn interest - when the 3 year fixed term ends, your family member will get their savings back with interest, as long as your mortgage payments are up to date.