95% Mortgages Guarantee Scheme
Unlock Your Homeownership Dream with Confidence
Welcome to Percom Financial’s 95% Mortgages Guarantee Scheme page!
Ready to step into homeownership with minimal upfront costs? Our 95% mortgage options are designed to make your dream of owning a home a reality. Discover how our scheme works and whether it’s the right choice for you.
How Does a 95% Mortgages Guarantee Scheme Work?
The 95% Mortgages Guarantee Scheme allows you to purchase a home with just a 5% deposit, making homeownership more accessible, especially for first-time buyers. Here’s how it works:
1. Deposit:
You provide a 5% deposit of the property’s purchase price.
2. Mortgage Application:
Apply for a mortgage covering the remaining 95%. Lenders will evaluate your financial health, including your income, expenses, and credit history.
3. Government Guarantee:
The government guarantees a portion of the mortgage, reducing the lender’s risk and encouraging them to offer high loan-to-value (LTV) mortgages.
4. Interest Rates:
Typically, these mortgages come with competitive interest rates, though they might be slightly higher than those for lower LTV mortgages.
5. Repayment Options:
Choose from various repayment options, such as fixed-rate or variable-rate mortgages, to suit your financial situation and preferences.
6. Term:
Mortgage terms usually range from 25-30 years. You repay the loan, including interest, through monthly payments.
7. Additional Costs:
Plan for additional costs, including property taxes, insurance, and maintenance.
Why Choose and Compare a 95% Mortgages Guarantee Scheme?
1. Lower Deposit Requirement:
Achieve homeownership with just a 5% deposit, making it easier to get on the property ladder.
2. Government Backing:
Benefit from the government guarantee, which encourages lenders to offer higher LTV mortgages.
3. Tailored for First-Time Buyers:
Ideal for first-time buyers, these mortgages offer an accessible path to owning your first home.
4. Competitive Interest Rates:
Enjoy competitive rates, though slightly higher than lower LTV mortgages, offering a balance between affordability and risk.
5. Build Equity:
Start building equity in your home as you make mortgage payments, turning your property into a valuable asset over time.
6. Financial Stability:
Secure predictable monthly payments, aiding in financial planning and stability.
7. Long-Term Investment:
Homeownership can be a smart long-term investment, potentially increasing in value and providing a sense of stability and freedom.
Is a 95% Mortgages Guarantee Scheme Right for Me?
Consider these factors and laws to determine if a 95% mortgage is your best option:
1. Financial Stability:
Ensure a steady income and savings for the deposit and other costs.
2. Long-Term Plans:
Plan to stay in the same area for several years and have stable employment.
3. Market Conditions:
Evaluate the real estate market in your area to make an informed decision.
4. Mortgage Options:
Compare different mortgage offers, interest rates, and terms to find the best fit.
5. Risk Tolerance:
Be comfortable with the potential risks, including fluctuations in property values and interest rates.
6. Future Flexibility:
Consider your lifestyle and whether homeownership aligns with your future plans and needs.
What Our Customers Are Saying About Us
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Why Choose Percom Financial Services?
1. Personalised Mortgage Solutions:
Our team works closely with you to understand your investment goals and financial situation, offering tailored mortgage solutions to meet your needs.
2. Competitive Rates:
Benefit from competitive interest rates and flexible terms, ensuring affordability and maximising your return on investment.
3. Expert Guidance:
Our experienced advisors provide expert guidance throughout the mortgage process, from application to closing, ensuring a smooth and hassle-free experience.
4. Comprehensive Support:
We offer ongoing support and assistance, helping you navigate the challenges of property ownership and landlord responsibilities.
First-Time Buyer Mortgages UK
Securing your first property has always been challenging, but with Percom Financial Services, it can be made simple.
Schedule a free consultation today and take your first step toward getting your dream home.
Unlock Your Homeownership Dream Today
At Percom Financial Services, we simplify securing your home with a 95% mortgage. Schedule a free consultation and take the first step towards your dream home.
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