It's the news that has got everyone talking: Barclays are bringing back the 100% mortgage.
The market has taken something of a battering recently with tax and legislative changes, so anything that stimulates growth is welcome and the mortgage is certainly good news if you are selling, as it should encourage a surge in the level of purchases.
The no-deposit deal allows hopeful homeowners to borrow up to 5.5 times their income if they have generous parents! In order to get the mortgage, borrowers must get their parents or relatives to put 10% of the purchase price in a Barclays savings account. That money has to remain in the account for at least three years from the completion date of the mortgage.
Most importantly, for many aspiring homeowners a home is a place to live rather than an appreciating asset and when you think about it like that, a 100% mortgage can only be a good thing.
Find out more about Barclays Family Springboard Mortgage
- want to be first to hear about new properties? Register here
to receive email alerts even before properties appear on Rightmove.
- Choose the No.1 selling agent with 24% more sales agreed* than the second best agent. Click here
to request your FREE, no-obligation market appraisal.
*Sales agreed from 18/05/2015 to 17/05/2016 in the whole of Deeside (postcodes CH5 1, 2 3 & 4) courtesy of Rightmove Intel, available in branch
Alternatively, please pop into a branch or call to discuss your requirements with a member of our helpful team:
Mold - 01352 870 870
Hawarden - 01244 537 537
We are open from 09:00 to 17:00 Monday to Friday and until midday Saturday.
Viewings and market appraisal appointments conducted 8am to 8pm, 7 days
We look forward to hearing from you