Simmonds Mortgages

Mortgage Brokers covering Berkshire and beyond

Call: 01344 225 149 or 07979 690 056

Return of High LTV Mortgages Sparks Hope

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First-time buyers have had a rough deal during the pandemic - first as mortgage deals for buyers with smaller deposits all but disappeared from the market, and later as surging buyer demand pushed up property prices.

Now, however, first-time buyers can see the first glimmer of hope on the horizon, with the number of 90% LTV mortgages - for buyers with a 10% deposit - almost doubling between 1 December 2020 (88) and 1 January (160). While this number remains far below the number of 90% LTV products available in March (779), the figures are now at least going in the right direction.

The chancellor has also announced a new Mortgage Guarantee Scheme allowing lenders to offer 95% mortgages rates to home movers and first time buyers up to a price of £600,000.

Overall, product choice is on the up across the board, with products for those able to offer a 15% deposit also rising sharply.

 

Your home may be repossessed if you do not keep up repayments on your mortgage.


Let us help!

We can also help your home purchase get underway by helping you to find the most suitable mortgage for your needs and circumstances and give you our expert advice on how to protect your property, income and family.

If you would like more information or help with your mortgage and protection concerns please call us on 01344 225 149 or 07979 690 056. Alternatively please send us an email at info@simmondsmortgage.co.uk

 

 

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Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.

What our Customers Say...

Your home may be repossessed if you do not keep up repayments on your mortgage.

Simmonds Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.

Registered Office: Simmonds Mortgage Services Ltd, Lexham House, Forest Road, Binfield, Berkshire, RG42 4HP. Registered Company Number: 1152 8784 Registered in England & Wales.

There may be a fee for arranging a Mortgage and the precise amount will depend on your circumstances. This will typically be £399.00 paid once the mortgage offer has been confirmed.

There may be a fee for arranging an Equity Release or Lifetime Mortgage and the precise amount will depend on your circumstances. This will typically be £799.00 and is due on completion of the mortgage.

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