High Street lenders are now starting to offer mortgages to borrowers offering a deposit of just 5% - under a new Government guarantee scheme.
The policy, announced in the Budget, is designed to help more first-time buyers secure a home.
Reacting to the news, Mustafa Nurettin, Managing Director of Uniform Mortgages said “a larger number of mortgage lenders are now participating in the 5% deposit mortgage – this now means more choice.”
He added: "The 5% deposit is a very positive move as this will obviously allow people to buy property with a smaller deposit.
“As independent mortgage advisors, we will have access to the whole market place on behalf of our clients. So, we would suggest clients and potential/new clients call us and we can carry out an affordability and criteria check and then find the best fit for them.
“That’s as opposed to a busy person looking to get a mortgage having to trawl through the entire market and offerings off their own back. Let us do some of the hard work for you!”
If you would like to speak with one of Uniform Mortgages’ experienced advisers, you can request contact by completing the Contact Page on our website https://www.uniformmortgages.co.uk/ , you can email us directly on info@uniformMortgages.co.uk or you can call us on 01767 316626.
