£5,000 Deposits for First Time Buyers
Accord Mortgages have released a product that will allow first time buyers to purchase a property with as little as £5000 deposit.
This is very different offering to most lenders, who would insist that the deposit is at least 5% of the property's value (so still £15,000 for a £300,000 house)... Accord Mortgages (part of the Yorkshire Building Society) are simply saying, irrelevant to the property value, that as long as you are a first time buyer and have at least £5,000, they will help.
Combine this with reducing interest rates, this year will be a really good time for those looking to buy their first home.
If you're a first time buyer looking to get on the property ladder this year, why not get in touch with a member of our team to start asking those initial questions? We'd be happy to help.
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Motion Mortgages and Protection is a trading name of AFP Wokingham Ltd an appointed representative of HL Partnership authorised and regulated by the Financial Services Authority. AFP Wokingham Ltd are registered in England and Wales with company number AR company registration number 14609331. Registered Office: Unit 3 Wellington Business Park, Duke Ride, Crowthorne, England, RG45 6LS.
The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Initial consultations are completely free of charge. There's no obligation to proceed and our broker fee of £495 will only become payable at offer stage of your mortgage application. Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your property may be repossessed if you do not keep up repayments on your mortgage.
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