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Concessionary purchase mortgages

Helping you get a foot on the ladder


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Concessionary purchases

It’s becoming increasingly common for adult children to buy their home from their parents or other family members, and by arranging a concessionary purchase, they are likely to save thousands of pounds whilst taking their first step onto the property ladder.

Landlords can also choose to sell their property to long-term tenants for less than market value, to avoid the stress and hassle of putting the house or flat on the open market, when they're ready to cash in on their investment.

Lender criteria for family member mortgages or concessionary purchases will usually be similar to standard mortgages, with the mortgage terms and interest rates dependent on your income, credit history and personal circumstances. In order to qualify for a concessionary purchase mortgage, you will also need to obtain confirmation from the seller that the discount they’re providing is a gift and not a loan.

Many mortgage companies are willing to offer mortgages to those who are buying a property for less than market value. But, there are still some lenders who purposefully avoid this kind of arrangement. At CLS Money, we can help you find a lender who will take the discounted purchase price into consideration and underwrite your agreement accordingly. Our brokers will help you find the right deal, then manage the entire application process from start to finish, leaving you to look forward to receiving the keys to your brand new home!

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Mortgages to suit your needs

Mortgages to suit your needs

Good or poor credit? No matter your circumstances, we are here to get the right mortgage for you.

Appointments at your convenience

Appointments at your convenience

We can meet you 7 days a week from 8am - 8pm at a place to suit you, whether it be at your home, place of work or our offices.

No obligation advice and quotes

No obligation advice and quotes

We will recommend the perfect mortgage for your needs and provide you with a free Agreement in Principle, if you are looking to buy a new property.

Stress and hassle free

Stress and hassle free

We handle the entire mortgage application process through to completion, liaising with your lender, solicitors and estate agents to remove the hassle from you.

With you all the way

With you all the way

As a responsible broker, we want your mortgage to always be the best fit for you. So when it's time to review it, we will be here to help.

Protecting what matters most

Protecting what matters most

We provide tailored life and home insurance solutions, so you can be assured that your loved ones and possessions are protected.

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< Gemma May Senior Mortgage Advisor

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