AWARD-WINNING local estate agency William H Brown in Skegness is helping first and second time buyers with the launch of a groundbreaking 100 per cent loan to value (LTV) mortgage product.
This new 100 per cent Family Guarantee mortgage will enable buyers to purchase a home without the need for a large deposit by allowing parents, stepparents or grandparents to guarantee up to 25 per cent of the loan.
Over the last two years, the difficulty of raising a large deposit has been the single biggest issue facing first-time buyers.
The announcement of this new 100 per cent mortgage aims to overcome this issue where buyers have parents, step parents or grandparents who can guarantee the loan against the value of their own property.
Mortgage services consultant for William H Brown in Skegness Donovan Brabrook said: “This is great news for first and second time buyers who are crying out for mortgages which don’t require huge deposits.”
If you are struggling to raise the money for a deposit and would like to discuss the new 100 per cent LTV mortgage with William H Brown, please contact the branch on 01754 768311 or email Skegness@sequencehome.co.uk