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Hello and welcome to this months advice column where I want to explain some options which may help first time buyers finally get themselves on the property ladder without having to save up a 5% to 10% deposit to do so.
At Mortgage Advice Bureau, we have access to over 90 lenders across the UK and there are now a handful of lenders available through ourselves that allow First Time Buyers to purchase a property with as little as 1% deposit.
These mortgage products could help those looking to buy a house in the near future but struggling to get a large enough deposit over £5,000. A lot of first time buyers we speak to have some sort of savings put away but are having to save up for a long time, others are lucky enough to get a gift from family to help, so these products