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Finding the right property is only ever half the battle for new buyers. Once they have figured out their budget and worked out which area most suits them, they will also need to agree a mortgage they can afford. For first time buyers entering the property market, this can be a tough ask, especially due to the political uncertainty affecting the financial sector at the moment.However, The Mortgage Library, a mortgage broker, wants to reassure first time buyers that more and more cheap mortgage rates with only a 5% deposit are appearing on the market. This means that first time buyers are more likely to find a mortgage they can afford and won’t have to save as much before thinking about buying.
The Mortgage Library offers its customers a library of lenders. Using a catalogue of products from a comprehensive range of mortgages from across the market, The Mortgage Library’s Librarians search for the mortgage options that suit each client individually. First time buyers can relax knowing that they are in good hands and the Librarians will search for mortgages within their budget and knowing their deposit size.
The Mortgage Library’s Librarians are constantly looking at new deals so that they can give up-to-date advice to first time buyers. The mortgage market is particularly competitive at the moment so while some uncertainty remains, there are plenty of new offers coming out each week, including those requiring just 5% deposits.
A 5% deposit benefits new buyers in particular as it means that they don’t need to save as much in order to get onto the housing market. A smaller deposit also means that buyers may be able to purchase a more expensive property sooner, allowing them to get exactly what they need. However, it is worth mentioning that 5% mortgages won’t get the same great rates as a 40% mortgage so buyers are encouraged to think carefully before making a decision.
For more information about The Mortgage Library, please contact Maria Bartholomew on 01702 899 072 or by email to info@themortgagelibrary.co.uk. Please address any postal queries to The Mortgage Library, Beech House, 1 Journeymans Way, Temple Farm Industrial Estate, Essex, SS2 5TF and check out their website https://www.themortgagelibrary.co.uk/ for any further information you need.
Contact Info:
Name: Maria Bartholomew
Email: Send Email
Organization: The Mortgage Library
Address: The Mortgage Library, Beech House, 1 Journeymans Way, Temple Farm Industrial Estate, Essex, SS2 5TF
Phone: 01702 899 072
Website: https://www.themortgagelibrary.co.uk/
Release ID: 88931439