First Time Buyer No Deposit

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July 15, 2019

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First Time Buyer mortgages with NO deposit!

We all know it’s hard for a first time buyer to get on the housing ladder, with the major problem being the high deposit required.  Most mortgages lenders require you pay a contribution to the cost of you new home in the form of a deposit, which has increased in recent years because of spiraling house prices.  Some lenders are aware of this and offer innovations such as the Family Springboard 100% Mortgage.

The family springboard mortgage is designed to help First Time Buyers purchase a home with no deposit allowing them to borrow the full purchase price of the property with a 100% no deposit mortgage.

How it works

A helper, who can be friends, family or anyone would you like to help you out, deposits 10% of the purchase price into a savings account for five years. After the five years the helper is able to withdraw their money along with a healthy amount of interest earned.

So if you would like a 100% mortgage get in touch for a no obligation mortgage review to see if you qualify.  Contact Us or send us a message using the for to the right.

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