New Mortgage from Mortgages Direct
www.moneynews.co.uk > Mortgages > New Mortgage from Mortgages Direct
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Money News |
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New Mortgage from Mortgages Direct
Wed 15th Jun 2005
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The scheme has been launched in association with Bank of Ireland Mortgages (BIM) to allow parents to help out their offspring when it comes to getting their own mortgage.
First-time buyers are able to borrow up to four times their highest earning parent's salary minus any mortgage repayment that parent might be making plus their own salary regardless of whether they are able to put down a deposit or not.
"Increasingly, parents are having to fund the large deposits required to help their children enter the housing market," said Mortgages Direct director, Peter Gladdy.
"This is a great product, which provides a realistic alternative and we are delighted that we can offer the exclusive offer which will provide that extra support to help first time buyers onto the property ladder."
Related News : Mortgages |
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