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Tesco mortgage anyone?

Hi

I've been looking through a Tesco mortgage leaflet and it looks very promising..apparently you only need a 10 percent deposit. I was under the impression that it was near impossible to get accepted with only a 10 percent deposit these days...

Hubby and I should have that saved in a few months time.
I'm just wondering, is it likely that they accept people with 10% or is this a rare occurance?

Comments

  • kingstreet
    kingstreet Posts: 39,352 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    There are 95% mortgages widely available and 90% is available from most lenders these days.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • Hi

    Thanks for your reply..I must admit I don't keep up with things like this but it's good news...I think I need to spend another 6 months improving my credit rating and saving a bit more...then hopefully will be accepted for a mortgage....
  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Best for beans.
    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.
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