Big news for the mortgage market in recent weeks, as for the first time since 2008 Skipton Building Society have released a 100% Loan to Value Mortgage which could mean no deposit needed!
Of course, this product comes with an extremely tight criteria;
Each applicant must be a First Time Buyer
Each applicant must be aged 21 or above
Must have proof of rental payments for at least 12 months consecutively in the last 18 months
Must also have experience paying all household bills within the last 18 months
Each applicant will have no missed payments on debts / credit commitments in the last 6 months
The monthly mortgage payment must be equal or lower than the average of the last 6 months rental costs
Maximum loan size £600,000
If you think this is something that may benefit you, then contact us now to arrange an appointment with our expert advisers!