Low Deposit Mortgage Update
Majority of lenders not yet ready to return to 90% or higher borrowing in N.Ireland
Getting more and more enquiries in recent days from customers hoping to purchase with a 5% or 10% deposit. The problem is that very few (if any) lenders are accepting applications here at the moment unless you have a deposit of 15% – 20% and those that consider lower deposits have daily limits which make it almost a lottery when trying to apply
Hopefully things start to open up again as lock down eases and we can start getting through the backlog building up. Please bear with us until things settle down as there’s little or nothing we can do in certain circumstances, until lenders make more products available again
We’re monitoring this on a day by day basis and will as always keep you posted
Leave a Comments