Yorkshire Building Society launches £5000 deposit mortgage

📆 3/27/2024 5:14 PM
📰 Glasgow_Times

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Yorkshire Building Society has launched a new £5,000 deposit mortgage to help first-time buyers get on the property ladder.

Are you looking to buy your first home soon? Why this new £5,000 deposit mortgage could be ideal for youThose who are looking to get onto the property ladder can now apply for a new £5,000 deposit mortgage, launched by a UK building society.New £5,000 deposit mortgage launched – how it works

The Yorkshire’s director of mortgages, Ben Merritt, said research by the society indicates that £5,000 is the amount that could shorten the time needed for first-time buyers to get mortgage-ready. Rachel Springall, a finance expert at Moneyfactscompare.co.uk, added: “This new deal from Yorkshire Building Society will no doubt be popular among aspiring buyers who can’t get their deposit to stretch far enough to get on to the property ladder.

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