? Have you got a mortgage-related question you need answering? Email in and we’ll get one of our experts to reply. Nick Mendes, mortgage technical manager atI make good money after several pay rises in the past two years, but my savings aren’t very high. I can borrow around £200,000 based on my salary – which is above £45,000 – but I don’t have enough to put down much of a deposit.
It’s always worth trying to contribute the highest percentage deposit that you can. Typically, 5 per cent is the minimum deposit for most residential mortgage lenders but it’s better if you can save a 10 per cent deposit or more.to choose from. This will get you access to better mortgage interest rates, which – combined with the fact that you’ll be borrowing less – can greatly reduce the interest you’ll pay overall.Buying a property is a long-term investment.
There are a range of schemes to support FTBs and home movers overcome either income and/or deposit barriers. In the past week a new mortgage product was launched helping first-time buyers get on the property ladder with just a £5,000 deposit.will enable first-time buyers with a £5,000 deposit to purchase a property valued at up to £500,000 across England, Scotland, and Wales.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: i newspaper - 🏆 8. / 89 Read more »
Yorkshire Building Society launches £5000 deposit mortgageYorkshire Building Society has launched a new £5,000 deposit mortgage to help first-time buyers get on the property ladder.
Source: Glasgow_Times - 🏆 76. / 59 Read more »
Source: MENnewsdesk - 🏆 23. / 69 Read more »