Buy a £400,000 house with a £10,000 deposit
Small deposit for a home – we can make your income stretch further get the mortgage that helps you
A bigger home – now that’s a nice thought isn’t it! Despite the hash economic back-drop average house prices actually rose last year. Great if you are in your dream home but tough on the majority of us.
History dictates that the recent baby boom is indicative of recessions. The need to move onwards and upwards is real but let’s face it jobs are generally under threat so understandably we are rightly cautious, and do not want to over commit.
It could be that you are simply one of the thousands of first time buyers stuck at home with your parents or in rented accommodation – as property appears to move further and further out of reach. Lenders are simply unwilling to lend to a level that makes it worthwhile or are asking for unreasonable levels of deposit.
Even taking down the Christmas Decorations often leads people to rethink their habitat but it is not as easy to move house as it once was.
Whatever the reason most of us what prefer a bigger home – and now its possible!
That’s right Niche Advice has access to an array of shared ownership mortgages that allow you to purchase as little as 25% share in a sizeable housing association house; move straight in, and then increase your level of ownership over time.
Read on to find out how you could be living a much bigger house in a matter of months. The deposit amount is based on the amount of share purchased eradicating the need to save and save for a new home.
See the tables below which give you an indication of houses you could purchase based on your income:
Income is net of commitments such as loan or credit card payments.
You must be in stable occupation and have clean credit. Housing Association homes tend to be modern and built in the last 15 years.
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I’m always available to discuss your requirements or respond to your emails.
I have access to the whole of the market and will do my best to look after your interests. My firm is not linked to any bank, building society or estate agent so we have offer impartial advice at all times.