No Deposit home LoansDeposits No home ownership loans
Now Barclays has introduced a 100% mortgages offering that eliminates the need for those who buy their first home or moving company to deposit a cent in front. Instead, they need a volunteer - maybe a parents or boyfriend - to put 10% money on a Barclays saving bank and keep it there for three years.
But your Considine is an independant real estate agent of real estate loans and can draw on more than 3,000 home loans from all the big creditors as well as select deals not found on the main highways. A 100% mortage can be applied for at any of our offices throughout Scotland. As a rule, the "helper" of the purchaser (usually the parents) would have to pay 10% of the sales proceeds into a "Helpful Start-up Account", which he would receive back with interest after 3 years, as long as the repayment of the loan is maintained.
Assistants are not guarantors of the loans - so they have no liability for the loan. Hypothec is at 3 years interest of 2.69% and the cash can be lent over a max maturity of 25 years. It is available to first-time purchasers and DIY enthusiasts, but must be their only hypothec.
The usual credit conditions also apply to this hypothec. To talk to one of our freelance advisors about a 100% mortgages, call us on 0333 0044 333 or click here. Please note: Your home can be taken back if you do not maintain the repayment of your home loan.