The Government has announced a plan to guarantee mortgages with five per cent deposits, encouraging banks to lend to those with smaller savings pots. In today’s Budget, Chancellor Rishi Sunak confirmed that the Government would back the home loans, which will be available on homes costing up to £600,000. The scheme will begin in April … Read more
The Government has announced a plan to guarantee mortgages with five per cent deposits, encouraging banks to lend to those with smaller savings pots. In today’s Budget, Chancellor Rishi Sunak confirmed that the Government would back the home loans, which will be available on homes costing up to £600,000. The scheme will begin in April … Read more
A mortgage guarantee scheme to help thousands of young people onto the property ladder with small deposits is set to feature in next week’s Budget. Chancellor Rishi Sunak plans to incentivise lenders to provide mortgages to first time buyers, and current homeowners, with just 5 per cent deposits to buy properties worth up to £600,000. … Read more
A mortgage guarantee scheme to help thousands of young people onto the property ladder with small deposits is set to feature in next week’s Budget. Chancellor Rishi Sunak plans to incentivise lenders to provide mortgages to first time buyers, and current homeowners, with just 5 per cent deposits to buy properties worth up to £600,000. … Read more
Mortgages needing 10 per cent deposits are continuing to return to the market, in a welcome move for first-time buyers. Lenders have launched 117 new products since the beginning of the year, and 29 in the first two weeks of February alone, according to information website Moneyfacts. These lower-deposit mortgages are popular with first-time buyers, … Read more
Lenders are beginning to reduce interest rates on 10 per cent deposit mortgages, as more products return to the market. This week, Metro Bank cut the rate for its 90 per cent loan-to-value, five-year fixed rate mortgages by 0.4 percentage points. New mortgages are now being offered at 3.59 per cent, while those looking to … Read more
More choice for landlords as number of buy-to-let mortgage deals on offer increases – but rates are also nudging higher There are nearly 2,000 buy-to-let mortgages on the market right now Although more than last month, this is still far fewer than before the pandemic Lenders are bringing back 20 per cent deposit products for … Read more
HSBC next to bring back 10% deposit mortgages, joining raft of other major lenders including Coventry and Lloyds The lender will reinstate its 90% loan-to-value deals as of next week It follows similar moves from other banks such as NatWest and Halifax HSBC is yet to announce rates, but its competitors have set them fairly … Read more
Danish borrowers are offered interest-FREE mortgages for 20 years The fixed-rate loans are on offer from Danish branch of a Helsinki-based bank Other lenders including Denmark’s largest bank are eyeing up similar offers Denmark’s central bank has had a negative benchmark rate for over eight years By Tim Stickings For Mailonline Published: 15:09 GMT, 6 … Read more
Coventry Building Society becomes latest lender to bring back 10% mortgages in a boost for home buyers seeking low-deposit deals UK’s second-largest building society is re-entering 90% loan-to-value market These mortgages are popular with first-time buyers and movers with low equity Low-deposit products were pulled by almost all lenders in 2020 due to Covid Providers … Read more