First time buyer 95% mortgages

azazle

the rates through yorkshire and clydesdale bank are actually lower now than when i took out the loan, i think currently 2 year fixed at 5.49 and 5 years fixed at 6.49.

kerrie222

Thats not too bad considering some, i will look into it, thanks for your help x

toffee1981

We went to see our mortgage adviser yesterday. We only have a 5% deposit saved up and were told that we could look into a vendor gifted deposit scheme. Might be worth finding out about. Halifax are the only lenders that will do it and their rate for this is 7.1%. We have decided against it for this reason but sounds like you would benefit.
Hope this helps

azazle

There is also the lloyds scheme called helping hand, these schemes are only good if the royal bank of mom and dad have some significant spare dough laying around:)
http://www.lloydstsb.com/mortgages/lend_a_hand.asp

azazle

yorkshire bank are now offering 95% mortgages on pretty much any property as of today, if you want the number of a good mortgage advisor in one of their branches i am happy to give the number of mortgage advisor who arranged my recent purchase.

brit1234

azazle wrote: »

yorkshire bank are now offering 95% mortgages on pretty much any property as of today, if you want the number of a good mortgage advisor in one of their branches i am happy to give the number of mortgage advisor who arranged my recent purchase.

http://www.money.co.uk/mortgages/mortgage-details/Yorkshire-Bank/3yr-6-99-Fixed-LTV-95-FTB-Direct.htm

Link to the details above.

:exclamati However be carefull, I would seriously hold back two months. Looks like we are finally at the end of the property bubble and prices will start falling. You could end up in negative equity immediately. See what effect the election has, you are indanger of making the worst financial decission of your life especially when rates start going up.

Pause, take a breath and use your head and not heart. Research and patience are key at momnet.

azazle

its not at 6.99 as per the link above, its at 5.49% over 2 year fixed or 6.49% at 5 year fixed but yes with a general election coming up i think people are going to be more cautious.