Government guarantee ninety five% mortgages for Northern Ireland
The scheme, announced in the budget, will provide buyers first-time and existing – the option to put down a 5% deposit on a home with a limit up to £500,000.
Chancellor Rishi Sunak said that some of the largest banks “such as Lloyds, NatWest, Santander, Barclays, and HSBC” may be offering the brand new mortgages from next month. Others are bound to follow.
This is particularly valuable to first time buyers as It will enable them to get on the property ladder.