First Time buyers get back onto the property ladder
3 years ago
Last week Banking Giant HSBC announced that it was launching a rage of reasonably priced mortgages for borrowers with as little as ten per cent deposit.
These are the first such deals seen since the mortgage drought took hold in late 2007.Market experts now hope that this move will spur rival lender to now compete for business.
As well as the introduction of these low deposit mortgages thousands of borrowers are also eligible for mortgage subsidies under the government funded HOME BUY Direct scheme of up to thirty per cent.
For Further information on these schemes please see our Fact File: Home Buy Direct.
April 12th 2009