First Time Buyers Momentum mortgage - Overview
Our Momentum mortgage makes it easier to get onto the property ladder.
Here's what to expect:
- No deposit needed from you - the developer pays your 5% deposit.
- Peace of mind - you'll only pay your deposit back if the property value grows by 5% or more after five years.
- Protection against falling house prices – we'll reduce your mortgage by up to 10% of the original property value if your property value has fallen after 5 years.
- Choice – competitive fixed and discounted mortgages up to 95% of the property value.
- Flexibility – choose a term that suits you up to 40 years*.
- Free Valuation
- Extra value – No higher lending charge (normally charged for any mortgage over 90% Loan to Value).
