12 houses in Sunderland that you could buy with a £5,000 deposit under new 95% mortgage scheme
Aspiring home-buyers could benefit from a new 5% deposit mortgage scheme – here is what is available in Sunderland for a £5,000 or less deposit.
Chancellor of the Exchequer, Rishi Sunak, announced the 95% mortgage guarantee scheme as part of his budget last week.
The mortgage guarantee scheme will be available to current home-owners as well as first-time buyers looking for a property for up to £600,000.
The initiative will be available from April and 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%.
These are 12 houses in Sunderland that you could buy with a £5,000 deposit.