News
The 95% mortgage is back!
Jan 30, 2012
After years struggling to save big deposits, first-time buyers are hopeful of getting on to the property ladder as lenders line up to offer 95% mortgages.
Five years ago there were more than 800 different 95% mortgages available to first-time buyers.
When the financial crisis struck, they disappeared from lenders' shelves almost overnight. But the first few weeks of 2012 are seeing a surprise turnaround - the number of loans on offer has tripled and interest rates have fallen. Will "generation rent", until now forced into renting because they can't stump up the huge deposits demanded by lenders, finally be able to put a foot on the property ladder?
Source : The Guardian page M3 - 28.1.12
Typically a fee of £199 will be charged upon mortgage application but the exact amount of this fee will be dependent on your circumstances. Please contact us for full details.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Select Mortgages Solutions,
Regents Pavillion,
4 Summerhouse Road,
Northampton,
NN3 6BJ
Tel: 0845 22 42 162
Email: info@selectms.co.uk
SOL 504
Select Mortgage Solutions is an appointed representative of Stonebridge Mortgage Solutions Limited which is authorised and regulated by the Financial Services Authority.
Regents Pavillion,
4 Summerhouse Road,
Northampton,
NN3 6BJ
Tel: 0845 22 42 162
Email: info@selectms.co.uk
SOL 504
Select Mortgage Solutions is an appointed representative of Stonebridge Mortgage Solutions Limited which is authorised and regulated by the Financial Services Authority.
