Many first time buyers find the increasing house prices result in getting a large enough mortgage either extremely challenging or not possible. There is however a little known trick which may help, many parents are at a stage in life whereby they might not be able to help with physical cash but have good income.
Joint borrower, sole owner mortgages are cleverly being used to include the parents income but not making them an owner (therefore not increasing stamp duty costs). Granted this isn’t going to work for everyone as age can still cause an issue, it’s about education. The more people who are aware of this fantastic bit of criteria the better the chance it’s going to help someone who previously felt home ownership was just out of reach.

Only a handful of lenders are willing to consider applications on this basis so be sure to speak to a qualified, reputable adviser about whether this is suitable for you.”