Bank launches 99% mortgage for first time buyers

A new £5,000 deposit mortgage has been launched today, enabling aspiring homeowners to potentially borrow up to 99 % of the property value

Bank Launches £5,000 deposit mortgage

Today (27 March 2024) has seen a revolutionary new mortgage for first time buyers, allowing them to borrow potentially 99% of the property value. The new mortgage is available directly and via brokers through Accord Mortgages.

There are some key criteria that you must meet for this scheme, outlined below.

The deal is available for first time buyers and the maximum age at the end of the mortgage term is 70.
Buyers will need to agree to a five year fixed rate at 5.99% - higher than most rates on the market. It does however have no product fee.
The mortgage won't be available for purchasing flats or new build properties
The maximum house value eligible for the scheme is £500,000

Are you a first time buyer interested in finding out more about this scheme? If so, click here and we can arrange a call from one of our friendly mortgage brokers.

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it. Please speak with a mortgage advisor for full information on eligibility.

Get in touch with us

First Name

Last Name

Mobile Phone

Your Email Address

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)

Confirm

Selling your home for the first time? What to ask your estate agent before you start

Selling for the first time can feel overwhelming. Everyone has advice, most of it conflicting. Here are the key questions to ask every estate agent, plus the step-by-step process you’ll go through to launch your home the right way.

CLICK HERE >

Thinking of changing your estate agent this autumn?

If your home has been sitting on the market with no progress, you’re not stuck. Switching estate agents is easier than you think, if you understand your contract and prepare properly. Here’s the truth, the timelines and the process to relaunch with impact.

CLICK HERE >

Easy Upgrades That Add Value to Your Property

When it comes to selling your home, small improvements can make a big difference to the final price you achieve. The good news is that you don’t always need a full renovation. With a few cost-effective upgrades, you can boost your property’s appeal and attract more motivated buyers.

CLICK HERE >

How Holden Estate Agents' Heads Up Property Alert System Helps Maldon Buyers.

In Maldon's property market, finding your ideal home before others can feel like a race. Our 'Heads Up' property alert system gives you a genuine advantage.

CLICK HERE >