For many young people, owning a home feels out of reach, with rising house prices and tighter lending rules making it harder than ever to get onto the property ladder. That’s why more parents and grandparents are stepping in to help.

There are several ways to support a loved one’s home purchase, including:

• Gifting money for a deposit
• Providing a loan
• Acting as security for a mortgage

These options can also play a role in estate planning, helping to manage your wealth for future generations. However, it’s important to get expert advice to ensure you avoid unexpected tax liabilities and choose the best approach for your situation.

The home on which the mortgage is secured may be repossessed if payments are not kept up to date.