5% Mortgage Deposits Are Back!

Quick Read- 95% mortgages are making a return to the market- so, can you get one? find out out more!

Since the start of the pandemic back in early 2020 mortgage lenders have limited the products they have available to buyers and therefore meant they have been demanding higher deposits. This has caused a lot of difficulty for buyers trying to get on the property ladder, after having saved for years for a deposit they were told it was not enough.

In the Chancellors most recent budget it was announced that 5% deposit mortgages would make a return. The news was welcomed by first time buyers trying to save for their first home.

Tomorrow, 17th March, the first lender will begin offering these mortgage products, they will be in high demand so availability may be limited. If you are thinking of purchasing a property or would like to find out more about how we can help with your mortgage then get in touch with us:

Email Us: lesley@lesleyhooks.co.uk

Call Us: 0151 644 6000 (Bebington) 0151 334 5875 (Bromborough)

Whatsapp (Messages Only): 07538771198

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