Saving for a deposit whilst renting can be tough, but if you are a first-time buyer with a track record of paying rent and household bills, we can help with a 100% mortgage.
A 100% mortgage means that there’s no deposit at all, and the lender is offering to loan you the full value of the property.
Skipton Building Society have launched a 100 per cent mortgage for tenants which will enable them to get onto the property ladder without a deposit.
The mortgage is open to all first-time buyers who currently rent and pass the lender’s affordability criteria, allowing them to borrow up to 100 per cent of the value of the property.
All applicants for this mortgage will need to show a good credit score, plus evidence of a minimum of 12-months good track record rental history.
Find out if you qualify by contacting us on 0191 2463652
//BOOK AN APPOINTMENT AND FIND OUT MORE ABOUT OUR MORTGAGE SERVICES – https://www.rookmatthewssayer.co.uk/mortgages/
A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL
DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. TO QUALIFY YOU MUST HAVE RENTED FOR AT LEAST 12 MONTHS AND
THE MORTGAGE PAYMENTS MUST BE AT LEAST £1 LESS THAN YOUR CURRENT RENTAL PAYMENTS.
Correct at time of publishing 11/05/2023
MS/RMS/6776/05.23