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That's it, disregard everything I said before, it's class war time. All round mine for balaclava distro.
ReekBlefs-
But when you boil it down, it's just lenders creating a product around the reality of the current market.
If your folks have a spare £50k that they were going to lend or give you, then they're going to lend or give it to you anyway. This just means they get some taxed, barely inflation beating interest, and some reassurance of getting their money back.
The key thing here is that the rates on the face of it seem really low for such high leverage.
hugo7
In case the bank of mum and dad needed any further advantage, 100% mortgages for FTB's with a 10% holding deposit (accruing 2.5% interest) from Family members held for the first 3yrs
https://www.theguardian.com/money/2019/jan/28/lloyds-unveils-100-mortgage-for-first-time-buyers