Metro Bank is offering first-time buyers a 100 per cent mortgage, meaning they can get on the property ladder without needing to save a deposit.
However, they will need their parents to be added to the mortgage in order to get it.
This is because it is a ‘joint borrower sole proprietor’ mortgage, meaning a buyer can add a second person to their mortgage application without them owning the property.
The joint borrower’s income is also counted when the bank assesses whether the buyer can afford the mortgage, which usually means the buyer can borrow more.
However, it also means that, if the first-time
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