95% mortgages are back! And they are not just for first time buyers

You can take advantage of NewBuy at Lagan Homes Biddenham development in Bedford where three bedroom homes start from £189,950. Which means your deposit is under £10k.

95 per cent mortgages had been the norm for decades before the economic crisis hit in 2007. Since then they have all but disappeared from the market, leaving many wannabe home buyers unable to realize their dreams of home ownership as lenders wanted at least 20 per cent deposit.

Sandy Clarke, sales and marketing manager of Lagan Homes said; “NewBuy offers people who didn’t think they could afford to buy, the option of buying a brand new home.

“It helps those who couldn’t afford the deposits required by mortgage lenders to buy with just a five per cent deposit.

A couple of lenders are offering mortgages through the NewBuy scheme including Halifax and Nationwide which is excellent.”

If you are interested in finding out more about the NewBuy scheme available on selected homes at Lagan Homes developments, visit their website at www.lagan-homes.com.

Or you can call them on 01234 355060.