One of the most obvious but often-overlooked aspects of purchasing your first home is that you are most likely not all on your own. There are a number of ways in which those who want you to succeed as a first time buyer can assist you:
- Buy With A Friend (see our web news of 26 March 2008), and
- Parental assistance
Parental assistance can be as simple as it sounds, since a parent, or someone else willing to assist you, can either act as an additional party on your mortgage or act as a guarantor on your mortgage. Acting as a guarantor simply means that they are there to back you up if your mortgage obligations become too much for you.
Of course, you should always take independent financial advice before entering into any financial agreement. G2 can recommend to you an independent mortgage adviser who will explain all the options relating to parental assistance.
G2 Redcar, which is on Broadway West, consists of 36 one and two bedroom apartments. Demand has been so high that all one bedroom homes are sold and a deposit of only £99 is needed to secure one of the few remaining two bedroom homes. Two bedroom apartments at G2 Redcar are available from just £83,595.
Further information on G2 Redcar is available from the sales centre on Broadway West, open Thursday to Sunday 10am – 4.30pm, or by calling 07771 842 306. Alternatively, to register your interest, click here.