95% Mortgages are back!
First-time buyers with just a 5% deposit will receive a boost from Wednesday 17th March as the first lender returns to the 95% LTV market.
Only available via Mortgage Brokers, and exclusively to first-time buyers, is a five-year fixed rate mortgage needing only 5% deposit available up to a maximum borrowing of £500,000.
There are a few restrictions as this won’t be using the government’s mortgage guarantee scheme. It is currently not available for flats, new builds or properties in Northern Ireland.
This is a good start and hopefully a sign that more lenders will follow with their own deals.
The firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your needs and circumstances. This will be discussed and agreed with you at the earliest opportunity. Our typical fee is £395.
Mortgage Smart Ltd is an Appointed Representative of PRIMIS Mortgage Network which is a trading name of Personal Touch Financial Services Limited. Personal Touch Financial Services Limited is authorised and regulated by the Financial Conduct Authority.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
