Mortgage broker Deal Direct offers first time buyers a helping hand.
The Help to Buy mortgage scheme is ending early, but this doesn’t have to be problem if you are a first time buyer.
Borrowers should not be too concerned about hearing that the Government’s Help to Buy mortgage scheme is ending early, as these mortgages may not have been as competitive as first appeared.
If the deposit you have amounts to 5%, there are still plenty of competitive mortgage rates available on the market for 95% LTV’s. Deal Direct can help match you with one of the deals that meets with your particular requirements.
For instance, a mortgage that is not part of the Help to Buy scheme from Saffron Building Society, is a 5 year fixed rate, available at 4.39% for 95% LTV.
Compare this to Lloyds’ 5 year fix from its Help to Buy range. They are offering 4.99% for a 95% LTV. This mortgage clearly has a higher rate but the conditions could mean additional payments in charges and fees.
Conditions for mortgages do vary from lender to lender, and what appears to be a good deal initially could turn out to be less affordable over time. This is why it is so important that you obtain qualified advice, as working out all the figures can be very confusing. Deal Direct’s expert advisors compare all the lenders and do all of the comparisons for you.
We are available 24/7 for instant on-line help and offer you a thorough, no-obligation, independent mortgage service.
Talk to us today for further information and a free quote.
Call us on 0800 048 8828 now.
