Is it possible to apply for a ‘100%’ LTV mortgage today?
Mortgage providers are becoming increasingly creative in their approach to helping first-time-buyers onto the property ladder.
According to official statistics published by the ONS, it would take the average single person living in London 46 years to save for a deposit, based on today’s house prices. As the affordable housing shortage remains and rents continue to escalate, the gap between income and being able to afford to purchase a home for yourself widens.
However, it is not all bad news. Legal & General and Marsden Building Society have partnered together and launched a new range called ‘Family First.’ This is where the traditional deposit can be provided in part or full by family members through either capital raised from a remortgage of the familial property or from savings.
There are other mortgage deals of this type available on the market and, if you are interested in buying your own home, proper research into what each has to offer should be done.
Deal Direct has been providing expert mortgage advice for over a decade. We have helped thousands of first-time-buyers to purchase their own home – and we can help you too.
We’ll compare the Family First range to the other available for you. We’ll also review your finances and recommend lenders from all over the country with products that match your requirements.
If you want to buy your first home, consult with Deal Direct for advice. You can chat with one of our team members online now or call our office.
Find out about how your family could help you secure a ‘100%’ mortgage.