Mail Online Property company allows first-time buyers to borrow 100% of the price that they want to buy, without a deposit, with the company Family Link Mortgage. A hundred per cent of this mortgage comes from the company Post Office. They offer a six bargain plan for properties that are reduced low in price. The interest rate for mortgage property is set at almost 5 per cent, but even with limited options, buyers are willing to pay as much as possible so they can buy the cheapest property on the market.
Key Takeaways:
- There is a Family Link mortgage that allows people to borrow money to buy a home.
- This mortgage is really expensive though, with a 5% interest rate.
- There are a couple of houses on the market that have reduced greatly in price.
“The Post Office is to be congratulated in devising a credible alternative way of helping some first-time buyers”