Could A 5% Deposit Mortgage Be The Key To Your New Home

As part of his pledge to turn “generation rent into generation buy”, chancellor Rishi Sunak announced a 95% mortgage guarantee in the March budget, due to launch in April. The scheme, designed to encourage lenders to start offering 95% mortgages again after almost every single one was withdrawn due to the pandemic, This will see the government partially compensate lenders if homeowners fail to pay their mortgage. This bold move should bring more new buyers and ideally first time buyers into the market but will there be enough homes for them to buy in Doncaster.  Sales director Shane Mitchell said we have seen a low supply of new homes to the market in Doncaster with a high level of buyers looking, We had a property have 20 viewing requests in just a few days from buyers and investors and this is not unusual in the current climate.  It really proves now is a great time to sell if you were thinking of selling and free valuation are available at https://valuation.247propertyservices.co.uk

To find out more about 5% deposit mortgages and book a free appointment with our mortgage specialists here https://www.247propertyservices.co.uk/contact-us