THIS MORTGAGE GIVES THE ABILITY MOVE HOME WITH JUST A 5% DEPOSIT.
The Saffron Building Society has launched today a 95% mortgage designed for home movers who have little equity in their existing home.
The basic lending criteria is :
1) Interest rate of 5.99% (apr 6.1%)
2) Fixed until 31/08/2016
3) Only a 5% deposit is required
4) Open to home movers
5) £495 arrangement fee
6) House purchase up to £500,000
7) Penalty free
The great feature of this mortgage is that it is penalty free. This means that you can remortgage to a better rate as soon as you have 10% equity in the new property.
EDIT 16/04/2013 Principality Building Society have now moved into the 95% mortgage market.
Contact us today for a free no obligation initial discussion or meeting to see it this is the right mortgage for your circumstances.
Why use Neil Soundy Financial Services for your mortgage advice in Cardiff.
We offer at least twice the choice of mortgages compared to a standard mortgage broker. View the video on our homepage that explains how we are different.
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We will give you expert impartial advice on the mortgage market.
Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
We do not give or imply legal or taxation advice. We recommend you contact a solicitor or accountant for advice in these areas.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage
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