Dependant Relative Purchase

If you're looking to care for a dependent relative, then dependent relative purchase might be the ideal option for you. At Property Link Homes, we understand that you want to provide the best possible care for your loved ones, and that's why we offer a range of mortgage and financing options tailored to your specific needs.

What is Dependent Relative Purchase?

Dependent relative purchase is a mortgage option designed specifically for those who want to purchase a property to accommodate a dependent relative. This type of mortgage is different from other types of mortgages as it's typically based on the borrower's ability to pay rather than the property's value.

To be eligible for a dependent relative purchase, you must be able to demonstrate that the property is necessary for the care of your dependent relative. This includes relatives who are elderly, disabled, or have a long-term illness. With a dependent relative purchase, you can borrow up to 100% of the property's value, subject to the lender's criteria.

How Property Link Homes Can Help

At Property Link Homes, we have extensive experience in providing mortgage and financing services to our customers. We understand the unique needs of those looking for dependent relative purchase and can help you navigate the process with ease.

We offer a range of mortgage options tailored to your specific needs, including fixed-rate mortgages, variable rate mortgages, and interest-only mortgages. Our mortgage advisors can help you determine which option is best for you and guide you through the entire process.

The Process of Dependent Relative Purchase

The process of dependent relative purchase can be complex, but at Property Link Homes, we make it as simple as possible. First, you'll need to apply for a mortgage and provide evidence that the property is necessary for the care of your dependent relative.

Once your application has been approved, we'll guide you through the legal requirements and paperwork involved in the process. This includes ensuring that the property meets the lender's criteria and arranging for the necessary surveys and inspections.

Throughout the process, we'll be on hand to answer any questions you may have and provide guidance and support as needed.

Frequently Asked Questions

We understand that you may have questions about dependent relative purchase, so we've compiled a list of common questions and answers to help you.

Q: How much can I borrow with a dependent relative purchase?

A: You can borrow up to 100% of the property's value, subject to the lender's criteria.

Q: Who is eligible for a dependent relative purchase?

A: Anyone who wants to purchase a property to accommodate a dependent relative, including relatives who are elderly, disabled, or have a long-term illness.

Q: What types of mortgages are available for dependent relative purchase?

A: We offer a range of mortgage options tailored to your specific needs, including fixed-rate mortgages, variable rate mortgages, and interest-only mortgages.

Conclusion

At Property Link Homes, we understand that caring for a dependent relative is a priority, and we're here to help make it as easy as possible. With our expertise in mortgage and financing services, we can guide you through the entire process of dependent relative purchase and help you provide the care your loved ones deserve. Get in touch with us today to find out more.