100-plus mortgage from Alliance & Leicester for first-time buyers
Apr 11, 2007 | Comments 1
The new 100-plus mortgage from Alliance & Leicester has been set up in order to help first time buyers get on the property ladder. What this new mortgage offers is anything from 100% to 125% of the value of the home in which you are purchases.
How this new mortgage works is by having a loan running alongside your mortgage, this mixed product is likely to prove very popular for customers of Alliance & Leicester. Borrowers even get the chance to over pay in order to help pay back the extra loan quicker.
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Filed Under: Mortgage News
With house prices going up and up in the UK people need to get a mortgage 125% of the value of the home and then some.
I just cannot see many first time buyers being able to buy for much longer if the prices keep going up.