BREAKING NEWS: £5k Deposit Mortgage For First Time Buyers

Miller Metcalfe posted on 27th March 2024

Are you a first-time buyer eager to make your mark on the property ladder? We’ve got exciting news for you! A new mortgage offer tailored exclusively for first-time buyers has hit the market. Offering a pathway to homeownership with minimal upfront deposit costs. Here’s what you need to know:

Key Features:

Exclusive to First-Time Buyers: This mortgage opportunity is specifically crafted to assist individuals or couples embarking on their homeownership journey.
Low Deposit Requirement: With a minimum deposit starting at just £5,000, aspiring homeowners can take a significant step towards securing their dream property.
Property Value Limit: Eligible properties range from £100,001 to £500,000 in value, expanding the range of options available to potential buyers.
High Loan-to-Value Ratio: Borrowers can secure up to 99% of the property’s value, significantly reducing the initial financial burden.
Exclusions: Please note that this offer does not extend to flats or new build houses, and it is currently unavailable in Northern Ireland.
Joint Applications: Couples or partners can apply jointly, provided one party qualifies as a first-time buyer. Neither applicant should currently own a property. Both must be aged 70 or under at the end of the planned mortgage term.
UK Resident: Any applicant must have indefinite right to reside in the UK.

The journey to homeownership just became a whole lot smoother with this tailored mortgage offer designed specifically for first-time buyers. With its low deposit requirement and favourable terms, it’s an opportunity not to be missed. Get in touch with our mortgage advisors today to learn more about how you can turn your homeownership dreams into reality!

Miller Metcalfe

Miller Metcalfe are approachable, friendly and committed to making your move as quick, simple and stress free as possible – just what every estate agent should be!

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BREAKING NEWS: £5k Deposit Mortgage For First Time Buyers

Miller Metcalfe

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