100% mortgage for first time buyers with no deposit needed
Getting on the property ladder is not easy for young people. It takes a lot of will power and saving up. The average deposit in the Ballymena and Antrim area is £7,500.
A new mortgage has been launched to help first time buyers called the “family boost mortgage” which can be used to help first-time buyers get on the ladder without a deposit.
Instead of a lump sum, savings from parents or other family members can be used to provide security for 10 per cent of the loan.
We are offering families a way to help give the next generation the boost that they need to get on to the property ladder, while providing competitive rates to both buyer and supporter.
The three-year mortgage is fixed at 2.9 per cent with no fee, while the deposit savings are held at a fixed rate of 2.5 per cent for the same period.
At the end of the three years, provided that the mortgage payments have been kept up to date, the savings and interest will be returned to the person who put their savings up as security.
So now there is help at hand. Click https://mortgageoptionsni.co.uk/contact-us/