Today (27th March) YBS & their mortgage broker branch Accord have brought to the market a very exciting mortgage product that is sure to help many first time buyers who have been stuck struggling to save up to 5% or 10% of the purchase price to realise their home owner aspirations faster than they had initial forecast.
As of today if you have at least £5000 available as a deposit with a purchase price of over £100,000 up to £500,000 then this could be the product that helps you make your dreams of home ownership a reality. Initially this mortgage product is available as a 5 year fixed initial period, with the term of the mortgage available up to 40 years or a maximum borrower age of 70.
To be able to take advantage of this initiative at least one of the borrowers must be a first time buyer. More good news is that gifted deposits from direct family are acceptable and as we know the bank of mum & dad is one of the most important lenders to help raise funds for a deposit.
This is a very exciting new product and if you want to know more about how this could benefit you or find out your maximum affordability please do get in contact with us for your free initial consultation.
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Gloucester Mortgage Centre are authorised and regulated by the Financial Conduct Authority, FCA registered (http://www.fca.org.uk/register) under reference 300783.
The Financial Conduct Authority does not regulate Buy to Let Mortgages.
Gloucester Mortgage Centre may charge a fee for arranging your mortgage. Typically £495, the actual fee will depend on your circumstances.
Your home may be repossessed if you do not keep up with the repayments on your mortgage.
Information contained within this website is subject to UK regulatory regime and is therefore targeted at UK consumers.
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