- Key issue:
- Lender options
- Case study:
- Contract Deposits
- Date:
- 2005-01-11
- Mortgage amount:
- Various
Outcome
Lenders will advance money to cover deposits.
Detail
When first introduced into the market 100% mortgages had one little sting in their tail. The concern was what should one do about the 10% deposit required by vendors on signing contracts.Well that is now solved with most lenders offering some form of loan to bridge this gap.Our preferred loan is the stage payment facility through Ulster which means the loan is at mortgage rates as opposed to personal loan rates.
