Do I need a bigger deposit to buy a house because of Covid-19?
Aga Gronkiewicz Certs CII SMP and ER??
You Pick The View and I Will Help You Finance It - ??????????Mortgage Adviser at GRN Financial Services Ltd
DO I NEED A BIGGER DEPOSIT TO BUY A HOUSE BECAUSE OF COVID-19 SITUATION????
When the lockdown was announced, many lenders temporarily changed their lending criteria which may have made it slightly more difficult for borrowers to get a mortgage to buy a house. Some lenders announced that one would need 20% or 25% deposit or even more!??
However, since then, as lockdown continues and more and more banks and building societies relax their criteria, there are lenders who still have mortgage offering for smaller deposit borrowers, even for those who only have 5% deposit available, although there are not many of these.
Because more and more changes are introduced each day by lenders, my suggestion to you is to ALWAYS speak to a qualified adviser before you decide to start house buying process.????? They will have the most up-to-date information for you straight from the source!
If you are in doubt or have any questions, call us for free initial consultation.
GRN Financial Services Limited is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority
Our fees and charges vary depending on the Services we provide to you. We typically charge a fee of ￡350.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Sales Business Development Practitioner specializing in CRM efficiency and lead generation.
3 年Aga, thanks for sharing!
???? Property Valuation Queen ????
4 年Good news Aga Gronkiewicz Cert CII (MP and ER)?? Glad to see the banks are relaxing their criteria to help people on the property ladder ??
Travel Consultant and Specialist for Private and Corporate Travel. CLIA approved Cruise Specialist.
4 年Having known Tom and Aga now for several years and can safely say all your mortgage needs will be well looked after in their hands.
Owner at Howle Communications. Part time PR and journalism lecturer.
4 年Thanks Aga, it is good to know how matters are being handled by financial specialists like you.