Buckinghamshire Building Society has expanded its Family Assist product range to include discount and fixed rates.
It will also allow a desktop AVM on the parents’ property (subject to conditions), to help reduce the overall cost.
Tim Vigeon, head of lending at Buckinghamshire Building Society, said: “This is a tough time for first-time buyers who already find it hard to get onto the property ladder.
“Our Family Assist Mortgage offers a solution to those who have family members in a position to help secure a loan. We also offer repayment terms of up to 40 years helping to lower the monthly cost of the mortgages.
“We are fully committed to first-time buyers and intend to keep our Family Assist product in place.”