News in Twickenham

Mortgages may be available on 5% deposits

The coronavirus pandemic led to the virtual disappearance of mortgages that only required a 5% deposit. But the Chancellor, Rishi Sunak, announced on March 3 an initiative during his Budget 2021 speech that would see the return 95% mortgages for first-time buyers and home movers across the UK.

The announcement is tremendous news for first-time buyers looking to get on the property ladder at a time when, for many, owning a home may seem an impossible dream as they would otherwise not be able to find a large deposit to secure a mortgage deal.

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