First Time Buyers were given an indication this week that there may be more options available to them in the housing Market, see this article from The Guardian newspaper: https://www.theguardian.com/money/2020/dec/03/lloyds-reintroduces-10-deposit-mortgages-for-first-time-buyers
Where the focus has been on clients who have a 15% plus deposit available more recognisable names such as Halifax, Nationwide Building Society, Virgin Money, Platform Home Loans (Part of The Co-Operative Bank and Accord Mortgages (Part of the Yorkshire Building Society) have now entered the Market and are offering mortgages to First Time Buyer and Homemovers with a 10% deposit.
The Lenders offering 90% mortgages will look at cases with more scrutiny so seeking the advice of a Mortgage Broker has become more important than before.
Manchester Mortgages has been helping first time buyers for in excess of 20 years so understands the importance of getting the correct advice at the beginning of the house buying process.
We will fully assess your situation and advise what lender is able to offer you the best options for your circumstances.
As the market opens up to more first time buyers estate agents and builders will need to see you are in a position to proceed if you are successful having a offer on a property accepted.
Contact us on 0161 706 0242 and speak with one of our industry experienced advisers who can help you find the right mortgage.
PS We are also able to put you in touch with a solicitor to help you with the legal work involved.