Blog

Would a 95% mortgage help you to get on the property ladder_

Property Ladder and a 95% Mortgage

Would a 95% mortgage help you to get on the property ladder?


Boris Johnson announced this week that he wanted to create a “Generation Buy” of young people by enabling them to invest in their own home and key to this is ensuring that mortgages are available with just a 5% deposit.

At present most lenders require a minimum of 15% or 20% deposit.

But when the average house price in England is now £248,000, will it make that much difference?

Sadly, saving using the Government help to buy ISA’s are only available to those who already have an account open but Lifetime ISA’s are still available for you to open and you could claim a 25% bonus on your savings towards buying your first home.

If you are a first time buyer and require any advice please do not hesitate to contact us on:

A member of our Residential Property Team will be happy to help you, you will speak to an experienced conveyancer who will be responsible and available to you for your transaction from the enquiry stage through to the completion of your move.

Location is not an issue for us, when purchasing a property you are not required to travel to our offices.

Conveyancing

Conveyancing Team

Instant Online Quote

Alternatively you can obtain an instant online quote by clicking here

Helping Your Move be Smooth

we want to make your move as easy as possible and also provide some

Conveyancing
Call Me Back
close slider