ONLY 5% DEPOSIT NEEDED
Rishi Sunak today has announced in the budget only 5% deposit needed
In his Budget speech, today chancellor Rishi Sunak revealed Lloyds, Santander, Barclays, and HSBC would be offering the government-backed mortgages for those with 5% deposits from April.
And others – including Virgin Money – would be following on shortly after, he said.
Sunak said: “Even with a stamp duty cut there is still a significant barrier to people getting on the housing ladder.”
This scheme, he said, would provide a chance for those who can’t afford a big deposit to buy their own home.
It would be available to all borrower types – not just first-time buyers – on all properties up to the value of £600,000.
Here at LL Estates and LL Financial service, we have an award-winning financial advisor Fiona Rhys-Jones is ready to provide expert advice and guidance so call us today 01745 591811 opt 3.