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Scottish musicians expanding their creative horizons into other other areas of musical practice.

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Family Springboard Mortgage – Buy your home without a borrower deposit

Thanks to Pablo Lafuente for pointing out this mortgage deal that could be suitable for musicians if you have a guarantor and/or have saved up 10% of property price..

Barclays

https://www.barclays.co.uk/mortgages/family-springboard-mortgage/

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

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.

https://www.barclays.co.uk/mortgages/family-springboard-mortgage/

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About Distil

Distil Showcase 2014

Distil is a twice yearly gathering of musicians rooted in folk and traditional music, but who are interested in expanding their creative horizons into other other areas of musical practice. Read more>>>

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