New scheme offers bigger mortgages with family help but some experts say be wary

Dariusz Karpowicz, Director at Albion Financial Advice, called on other lenders to follow suit.

“Extending income booster options to friends and extended family is a smart way to fill a gap in the market, making homeownership more accessible for many,” he said.

“This approach is especially helpful for first-time buyers and those struggling with affordability, and its popularity is likely to rise in the coming years."