Mortgage Deposit

[Asian]

Hello All,

I am looking at buying my first home but would need to contribute 20% deposit. I am falling short on the deposit and needed your advice on the following.

1. I have quite some ancestral gold, can I put this loan and fund the deposit

1. I have a property in my home country, is it possible to take loan on it and add that money to my deposit

1. Can my mom, take loan on her assets and contribute to the deposit

Would really benefit from your expert advise.

Are you in the UK? Barclays offer a Family Springboard Mortgage which might be suitable. If your mother is able to deposit a lump sum in a Barclays Helpful Start account, it can be held as security for your mortgage loan.
She will earn interest on her deposit and the lump sum and interest will be returned to her after 5 years - provided you have kept up with all the mortgage repayments. (If you default, she will lose her deposit).