Helping Your Family onto the Property Ladder: How a NatWest Family-Backed Mortgage Can Help

At Mortgage321, we believe everyone deserves the chance to own their home—especially first-time buyers facing today’s tough market. If you're looking for a way to help a family member buy their first property, the NatWest Family-Backed Mortgage could be the ideal solution.

What is a NatWest Family-Backed Mortgage?

A Family-Backed Mortgage allows two people to be named on the mortgage, but only one will legally own the property.
Both borrowers are jointly and severally responsible for repaying the mortgage—meaning you're both fully liable for making payments. However, only the main borrower (typically the family member buying the home) will have ownership rights.

It’s a way of supporting a loved one into homeownership without having to gift a deposit or become a co-owner. Instead, you simply help guarantee the loan through your joint responsibility.

Why Might a Family-Backed Mortgage Be Right for You?

✅ Support Without Sacrificing Ownership – The family member owns 100% of the property, but your financial support strengthens their application.

✅ Helps Overcome Deposit Challenges – It’s ideal if saving for a deposit is the only barrier to buying a home.

✅ Stronger Mortgage Application – Combining incomes and credit profiles can help the buyer meet lender affordability criteria more easily.

✅ Flexible Support – This route provides support without needing to transfer cash or become tied into ownership long-term.

Important Things to Consider

While this option is a brilliant solution for many families, it’s important to be fully informed:

• You Are Legally Responsible for the Mortgage: If the primary borrower misses payments, you are liable for the full amount.
  
• No Property Ownership for You: You will not have any legal or beneficial rights to the property.
  
• Impact on Your Credit Profile: As you are named on the mortgage, it could affect your ability to borrow for other purposes.
  
• Independent Legal Advice: NatWest requires that the non-owning borrower (the supporting family member) seeks independent legal advice to protect everyone involved.
  
  At Mortgage321, we work closely with you to ensure you understand every step—providing clear, straightforward advice so you can support your loved one with confidence.

Why Choose Mortgage321?

With over 30 years of specialist mortgage experience, we’ve helped countless families navigate non-traditional mortgage routes with ease.
We offer:

✔️ Tailored advice for complex family arrangements
✔️ Clear explanations and complete transparency
✔️ Support finding the right solicitor for independent legal advice
✔️ Fast, efficient handling of the application process

We're proud to be the specialist mortgage broker families trust to make dreams happen.

Ready to Help Your Family Member Buy Their First Home?

We’re here to make the process smooth, clear, and stress-free.

📞 Call us today on 01255 440142
📧 Email [email protected]

Let Mortgage321 help you make that first step a reality!