ARE you a professional and need help to get onto the first rung of the property ladder?

The rise in house prices is making the purchase of property difficult for young professionals.

Estate agent, Your Move, is offering a building society mortgage which allows a parent or close relative to guarantee any shortfall of the loan which cannot be adequately covered by the borrower’s own income.

This “guarantor” mortgage is fixed at 5.99 per cent for five years and available up to 100 per cent of the value of the property, which means borrowers can take the loan even if they have no deposit.

As soon as the borrower is in a position to cover the full amount of the loan, the guarantor can be released from the loan, provided the loan is less than 95 per cent of the property value at that time.

A Your Move spokesperson said: “Many young professionals, especially in the South, often find they cannot purchase the property they really would like in the initial stages of their careers. This scheme gives them the opportunity of doing this now rather than having to wait four or five years before their salaries increase significantly.”

More details can be obtained on 0845 845 6200.