Is the 100% LTV mortgage about to return?
Market experts are predicting that we could soon see the return of the 100% mortgage. The ball has been set rolling by Barclays who last week released a 100% deal for applicants being lent 10% by family members. On the back of this it’s predicted we could see the emergence of more 100% LTV guarantor deals.
Barclays advises it's not a 100% LT deal, from its perspective it’s a 90% LTV mortgage.
If you are struggling to raise a deposit, then this Barclays offer might be an option if a family member can help you with the 10% loan that is needed.
For lower deposit would-be buyers, schemes such as Help to Buy are available to initially reduce the cost of home-ownership through an interest free equity loan.
If you would like to consider all of your options and would like to know what are the best deals on offer at your deposit level, call us at Deal Direct on 0800 048 8828.
We are ‘whole of market’ and have access to all lenders deals. Whether you are a lower deposit first time buyer, home mover or remortgaging home-owner our advisers are here to help.
Call today and find out what competitive rates are on offer for your deposit level.
Speak to an adviser on 0800 048 8828.
