Family Sale at a discounted price
Where your client is purchasing from a family member at a discounted price we can accept applications up to 80% loan to value.
The discount on the purchase price must be a minimum of 20% of the property value and it must be a genuine discount and not subject to any future repayment or claw back. The family member must move out on completion and the property being purchased must be solely for your client to live in as their main residence.
A family member is defined as a parent; child; sibling; grandparent; grandchild; aunt; or uncle.
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