First Time home Owners Loan

£120K houses that are first time purchasers can make WITHOUT a down payment.

Now HOME purchasers can set their feet on the residential ladder without a down payment thanks to a new mortgages business that allows you to lend 100 percent of the real estate value. However, Post Office's new Family Link Mortgages allow your parent or other near relative to use the value bound in their own home to help you lend 100 percent of the cost of a new one.

Initial purchasers take out a 90 per cent loan to value the mortgages, with the 10 per cent contribution against Mom and Dad's house secure - as long as they are already free of mortgages. Installments begin at 4. 89 percent for a five-year firm business. Purchasers will then make two split redemption for the first five years of the transaction - their own mortgages and one for the interest-free "Assistor mortgage".

E.g. if you took out a £121,500 over 30 years old home loan at 4. 89 per cent, your first five year recurring payments would be 644 a month, which would include the deposits loan. When the loan is disbursed after five years, your disbursement drops to 619 per month reducing it by 25 pounds.

A further downside is that your real estate may lose value. While there are several other mortgages that enable you to lend 100 percent of the value of your home, you are going to need familial assistance. If you miss a payment, your cash is in jeopardy. Tariffs begin at 2.75 percent.

While Aldermore has a Family Guaranty mortgage that allows you to lend 100 percent of the value of your new home, the creditor will use your parents' belongings to secure 25 percent of the loan amount. This means your home is at stake if you don't keep up with your payment.

Others small home loan and savings associations such as The Tipton and Loughborough have similar operating policies, using household wealth instead of the need for an initial investment. There is lots of room for kids to walk around outside, with a large backyard, making it an excellent home for a young team.

The house is known as Pendleton and is part of the Lovell Home Minshull Way project, which offers a choice of twin and triple bedrooms. You will be able to set your own individual accents when selecting the furnishings of your home, but the designers have attached a photo of the exhibition room so that you can see what a Pendleton house would look like in a traditional double-room.

Assistance in buying a loan: It is for those who have a 5% security and is only available for new buildings valued at less than £600,000. You can borrow up to 20% of the value of your real estate (without interest for the first five years) from the state, which gives you better mortgage rates.

At the end of the loan or on sale, you must repay this amount. Initial purchasers under the age of 40 can participate in this new program. Co-owned:: You must also find a mortgagor who is willing to grant loans for real estate with joint property.