Property News · May 4, 2016

Barclays offers 0% deposit mortgage to home buyers


British high street bank is also increasing the multiple of earnings against which people can borrow on its ‘family springboard’ mortgageThe no-deposit mortgage has returned, with Barclays removing the need for buyers to put down any deposit when buying a home using its “family springboard” mortgage.The deal had previously allowed people to climb on to the property ladder with a 5% deposit, provided that a “helper” – often the home buyer’s parents – puts cash equating to 10% of the house purchase price into a savings account linked to the mortgage. Continue reading…

Source : theguardian.com
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