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Strategies for helping your kids with finances

The Meaningful Money Personal Finance Podcast

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Family Offset Mortgages

There are ways that you can insert yourself into this whole transaction of buying a house, or your child buying a house. You could offset some savings you've got against your child's mortgage to make it cheaper for them. The problem is then you'll not earn interest on it. It may be, probably depends on a lon of value in things like that. But there are such a thing as a family offset mortgage. This is something new. I think it's been brought in for this particular reason, ih, to allow people who couldn't get the mortgage they wanted to,. because property prices ae through the roof these days. If neither your child nor you can pay the mortgage

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