5% DEPOSIT MORTGAGES
Great News! The government have recently confirmed they’re re-introducing the mortgage guarantee scheme to help buyers with a lower deposit buy a home.
What we know so far:
■Available to both First Time Buyers & Home movers
■UP to £600k Purchase Price
■Selected Lenders Initially with more to come – Natwest, Santander, HSBC, Barclays, Lloyds & Virgin
■April 2021 – December 2022
■Rates to be Confirmed but likely to be around 4% based on current 90% products
This is a guarantee scheme like it was back in 2013. There is no additional money to pay back by you (the borrower). The government are just giving the lender some security in the background. This in turn gives lenders confidence to lend at a higher LTV (Loan To Value).
If you’re interested in buying a home speak to us first.
0151 459 9826
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.