In this episode, we answer the question, how the family guarantee can help you buy a property with no cash deposit. So this has come about because it’s a question that I get asked quite a lot to see whether this sort of strategy could work for you.
Now, property is expensive to buy. The deposits are expensive and it’s hard to get into the market. The family guarantee is a way that a lot of people can accelerate their ability to get into the property market, to, um, to hold onto more of their cash, to do that and to save a bunch of costs along the way. So I wanted to really unpack the key things that you need to understand, to assess whether this sort of strategy or process was right for you, and what the things were to be aware of. If you go in and go down this path and how you can manage the risk when it comes to using a family guarantee type strategies so that you don’t run into trouble, we hope you enjoy it.
I cover:
- How the family guarantee works and who it can be beneficial for
- The key frameworks you need to be across to get this strategy right
- How to manage risk when you use a family guarantee to avoid trouble
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