M&S Bank Mortgages

Help onto the property ladder

Think carefully before securing other debts against your property.

Your home may be repossessed if you do not keep up repayments on your mortgage

We have some alternative ways which may help you or a loved one onto the property ladder.

Helping a loved one onto the property ladder

If you want to help someone to get onto the property ladder, you might want to consider applying for additional borrowing when remortgaging to us. It could give you a lump sum, which you could ‘gift’ to a loved one for them to use towards a deposit. The additional borrowing would be at the same rate as your main mortgage, and must not exceed £50,000 and needs to stay within our loan-to-value (LTV) limits – our maximum LTV is 90% for customers remortgaging to us.

Existing M&S Bank Mortgage customers can also help their loved ones in this way, providing you have made at least six successive, contractual payments on your M&S Bank Mortgage. Standard lending criteria apply and is subject to an assessment of your circumstances. Any new borrowing will be taken at a rate that is on sale at the time of application. New fees may also apply.

There may be tax implications in gifting money and we recommend that you should seek financial advice if you are considering this.

Mortgages for four

Another option to consider is buying a property with friends or family. Our mortgage accounts can be opened in up to 4 names (providing you all live in the property). It might help to make buying a first home a reality.

95% mortgages

First time buyers and home movers could take advantage of our 95% LTV mortgages. These mortgages are available for loans up to £400,000, and will depend on your individual financial situation and will be subject to our lending criteria. Find out more >.

Find out more

If you'd like to find out more, call us on 0800 923 1536. We're open 8am-8pm Monday to Friday and 9am-1pm on Saturday (excluding bank holidays). Calls may be recorded.

View our range of mortgages and rates

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage