A buyer on an average £26k salary could afford a £120k home with the 100% mortgage for the Post Office

Mail Online Property company allows first-time buyers to borrow 100% of the price that they want to buy, without a deposit, with the company Family Link Mortgage. A hundred per cent of this mortgage comes from the company Post Office. They offer a six bargain plan for properties that are reduced low in price. The interest rate for mortgage property is set at almost 5 per cent, but even with limited options, buyers are willing to pay as much as possible so they can buy the cheapest property on the market.

Key Takeaways:

  • There is a Family Link mortgage that allows people to borrow money to buy a home.
  • This mortgage is really expensive though, with a 5% interest rate.
  • There are a couple of houses on the market that have reduced greatly in price.

“The Post Office is to be congratulated in devising a credible alternative way of helping some first-time buyers”

Read more: https://www.dailymail.co.uk/property/article-5674617/Six-homes-time-buyers-afford-new-100-mortgage-Post-Office.html

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