If you're a first-time buyer trying to save a big enough mortgage deposit to get on the property ladder, you'll be thrilled to hear that all you now need to obtain is a 5% deposit.
This year, the initiative began in April 2021, enabling people to purchase a property costing up to £600,000 with a deposit of just 5%.
Owning your own home has seemed like a dream, out of reach since the pandemic, due to uncertainty and many banks pulled their 95% mortgage deals.
But things are looking up again, thanks to the government’s Mortgage Guarantee Scheme, low-deposit deals are back, giving hope to those who have been patiently watching the housing market, waiting for the right opportunity, struggling to gather a 10%+ deposit.
The scheme is not just limited to first-time buyers, however, it’s also available for movers who have little equity in their existing home.
Read to find out more and key lender fixed rates:
Mortgages for first-time buyers
Taking the first step onto the property ladder can be daunting. But as a first-time buyer struggling to amass a big enough deposit, it will come as welcome news to know that 95% mortgages are now more freely available.
Ready to move and looking for a trusted removals company? We have over 30 years of experience and remain the largest family-owned removals in the 3 counties.
Book today take advantage of the scheme and get your dream property.
- Britannia Bennetts -
Make a smart move
Phone: 01684 892236