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New firm Tembo will help parents remortgage to get children on the housing ladder

A new company will advise parents and grandparents on remortgaging homes to help children onto the housing ladder. Tembo, which describes itself as a family lending platform, enables first-time buyers to get on the housing ladder by brokering a small interest-only mortgage on their parents - or another family member or friends - home.     The money from the benefactor - which Tembo refers to as the homebooster - is then put towards the childs mortgage deposit, allowing them to buy their fir...
City Of United Kingdom West Sussex David Baird Jim Labisko Richard Dana

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