Houses in Hartlepool you could buy with a £5,000 deposit under new 95% mortgage scheme
Prospective home owners could benefit from a new 5% deposit mortgage scheme – here’s what’s available in Hartlepool.
In last week’s budget, chancellor Rishi Sunak announced the 95% mortgage guarantee scheme.
It will be available from April and it means that the Government will offer a guarantee on the portion of the mortgage over 80% – so for a 95% mortgage, the Government would be the guarantor of 15%.
Both current home-owners and first-time buyers will be eligible for the scheme, but the property they are looking to purchase should cost no more than £600,000.
Here are 12 houses in Hartlepool you can buy with a £5,000 deposit or less.