Renters Can Now Buy A Home With ZERO Deposit
Are you a tenant or know someone renting that has dreamt of buying their own home but unable to save for a deposit? A brand new mortgage product could help
Many tenants have seen their rents increase over the past 24 months due to a lack of rental property available and huge demand from more and more tenants looking to rent in the local area.
Today, we have some great news that could help start you on your journey to owning your home.
A major mortgage lender is now offering 100% mortgage (ZERO DEPOSIT) to tenants that pass the following criteria:
- Track record of paying all bills and rent on time
- Mortgage payment must be equal to or lower than average rent of the last 6 months
- Renting at least 12 months of the last 18
- Mortgage between £5,000 and £600,000
- Maximum mortgage term is 35 years
As of today, this is the only mortgage product like it. For further information, contact us and our mortgage adviser can advise you on how to apply.