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How To Get The Best 5% deposit First time buyer deals?
Skywalker007_2
Posts: 13 Forumite
Hi guys,
wondering if we can share any ideas in regards to getting the best deal having a 5% deposit?
Found out Clydesdale and Yorkshire Banks have 4.89% on 3 years fixed.
Has anyone used them before and is there any catch i should be aware off.
If you can share the best deal available here, that will be nice.
wondering if we can share any ideas in regards to getting the best deal having a 5% deposit?
Found out Clydesdale and Yorkshire Banks have 4.89% on 3 years fixed.
Has anyone used them before and is there any catch i should be aware off.
If you can share the best deal available here, that will be nice.
0
Comments
-
Yes there is a catch.
The catch is you cannot just 'buy' a mortgage. The lender has to agree to lend to you. Therefore headline rates mean nothing until you know you can access them.
Many of these '95% lenders' will only offer you 90% when you apply.
Engage a mortgage broker.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Clydesdale and Yorkshire Bank mentioned in one post has given me the cold sweats.
All I can say OP is best of luck with that one.0
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