First-time buyers 100% plus mortgages
First-time buyers can take advantage of 100 per cent plus mortgages which offer mixed personal loans and home loans.
A member of staff from the Alliance & Leicester group found
that mortgages of this kind allowed first-time buyers to afford
a property without collecting a large down payment.
With a standard mortgage deal, any home improvements which had
to be done, was becoming virtually impossible due to finances.
This new deal has given homeowners a chance to budget their outgoings
and improve their property.
Head of specialist mortgages Jeremy Claridge, commented: "When
innovative products come onto the market, it's important they
actually fill a gap and help those who need it most."
He also stated that the increase in interest rates practised
over time and the continual growing trend in property has led
to a need among first-time buyers for flexible products, making
it easier for them to jump on the property ladder.
Edward Jones an investment specialist only just warned Britons
that inheritance tax is something, which many will now stand
facing due to the growing costs of property throughout the UK.
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