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  • Property-a-holics

    When is a 100% mortgage not a 100% mortgage?

    Halifax has launched a new family boost mortgage to help first-time buyers get on the ladder without a deposit.

    Instead of a lump sum, savings from parents or other family members can be used to provide security for 10 per cent of the loan.

    "As part of our commitment to lending £30bn to first-time buyers by 2020, we are offering families a way to help give the next generation the boost that they need to get on to the property ladder, while providing competitive rates to both buyer and supporter," the lender said.

    https://www.coventrytelegraph.net/news/u...t-16918314

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    haha. When mum or dad needs to gift 10% deposit.

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    My posts are not financial advice, just a rambling guy passing time on a coffee break.
    The team at Bespoke Finance offers advice, including Limited Company Buy-to-Let , HMO Conversion and Cheap Life Insurance.

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