Low Deposit Home Loans are Back
Mainstream Bank Relaxes Deposit Requirements
Great news for first home buyers, self employed and for people needing assistance with their mortgage!
One of the main stream banks has eased up on its lending policy and will now lend 95% over 25 years for new or existing customers, plus any lending up to 90% can be over a 30 year term making repayments affordable for first home buyers.
We also have a specialist lender that has also opened its policy up for self employed by lending with no income evidence required. Maximum lending 65%.
If you have customers being pushed towards mortgagee sales, we have a lender willing to take them on board at 60% including the option to add marketing costs for you and give the customers 6-12months breathing space to sell the property.
We have some amazing changes to policies taking place with the banks opening up their policies, this is going to create some great competition from the banks with the winners being the customers.
If you are thinking of selling this spring this is great news as buyers will have more money to spend.
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