THIS MORTGAGE GIVES THE ABILITY TO BUY A HOUSE WITH JUST A 5% DEPOSIT.
The Monmouthshire Building Society has launched a very competitive 95% mortgage.
The major benefits to this mortgage product are :
1) Discounted rate for the first 3 years at 3.75%. Then reverting to the lender variable rate of 4.99% (4.80% APR)
2) Only a 5% deposit is required
3) Open to first time buyers
4) No product fee
5) Only committed to the lender for three years
The drawbacks to this mortgage product are :
1) The discount is linked to the lenders variable rate which can be changed at anytime.
2) You are committed to the lender for three years on a variable rate.
3) Maximum borrowing is £175,000.
4) Limited to NP, CF, SA, LD, WR, GL, HR, BS postcodes.
5) No portable outside these postcodes.
Contact us today for a free no obligation initial discussion or meeting to see if this is the best 95% mortgage for your circumstances
Why use Neil Soundy Financial Services for your mortgage advice.
We are different.
We offer at least twice the choice of mortgages compared to a standard broker.
View the video on our homepage that explains how mortgage advice has changed.
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/property. Your home/property may be repossessed if you do not keep up repayments on your mortgage.
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We can discuss your current situation and the options available to you before arranging a free no-obligation meeting.