Wow, I’ve just read one news online about financial institutions in the UK that are offering home loan options allowing the parents to help out in financing it for their children’s behalf. In other words, the parents can make contributions toward mortgage payments, and still keep the mortgage in their child’s name to encourage independence.

Assuming the parents themselves can afford it, I find this as great news to those especially who have just graduated or looking to explore the real world but have low or no credit history to start off. Probably one of these days the parents can remortgage their existing homes to their children as one of the ways of not just improving their children’s credit score, but as a smart way of handing over their assets to their children.

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