THIS MORTGAGE GIVES THE ABILITY FOR PARENTS OR GRANDPARENTS TO HELP FAMILY MEMBERS BUY A HOUS E WITH JUST A 5% PERSONAL DEPOSIT.
Woolwich are launching a new mortgage product where the purchaser is required to fund only a 5% deposit. To lessen the risk to the Woolwich they require a further 10% to be deposited into a Woolwich savings account by parents or grandparents.
The major benefits to this mortgage product are :
1) Competitive mortgage rate
2) Only a 5% deposit is required by the first Time Buyer.
3) The Helper’s deposit of 10% is held in a non- accessible, interest paying savings account for 3 years and then returned to them.
There are a few other lenders offering a similar scheme. Principality, Aldermore and C&G.
Why use Neil Soundy Financial Services for your mortgage advice in Cardiff.
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.
Your initial consultation is free with no obligation.
Useful website
Note. All cases are subject to a full lenders underwrite and assessment.
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.
Request Call Back
We can discuss your current situation and the options available to you before arranging a free no-obligation meeting.
