New 95% mortgage scheme launched

First-time buyers and current homeowners in England will be helped to secure a mortgage with just a 5% deposit under the new government-backed mortgage scheme which launched this week.

First announced in the Budget, the scheme will be available for the purchase of new and re-sale homes up to the value of £600,000. Buy-to-Let and second home purchases are excluded.

Available until December 2022 products are now available from several lenders on the high street, however not all are offering products for new-build purchases.

The government guarantee will apply down to 80% of the purchase value and will be valid for up to 7 years after the mortgage commences.

If you would like some more information or mortgage advice then contact Nikki or Sophie at Finesse Mortgage Services https://www.finessemortgageservices.co.uk/

There couldn't be a better time to sell your property with all kinds of buyers, ready and waiting.

If you would like an honest opinion on the value of your property, then book a time in with Barry to pop round and discuss your ideas and aims.

https://butlerresidential.co.uk/value-my-property