0% Deposit Mortgages are back! But what’s the catch?

0% Deposit Mortgages are back! But what’s the catch?

After the banking crisis of recent years the idea of a 5% deposit at one stage looked unlikely to return to the mortgage market, but this week Barclays announced the return of the 0% deposit mortgage for home buyers.  Sounded great as a headline, but there’s a catch! The 0% deposit is available when using the, “family springboard” mortgage, meaning that no deposit is required when a “helper”, most likely the home buyer’s parents, put…

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Financial Style – 6th May 2016

Financial Style – 6th May 2016

This week we’re looking at the Small Business Exchange and the importance of small businesses doing business with other small businesses!  Statistically these sorts of SME relationships create more success and so we explore this with Director of Other People’s Data, Una Brown were explains why she is staging the Small Business Exchange networking event at the end of the month. In this week’s Money Matters we take a look at the new 0% deposit…

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Bank Of Mum And Dad a Top 10 Mortgage Lender

Bank Of Mum And Dad a Top 10 Mortgage Lender

The ‘bank’ of Mum and Dad (BoMaD) is now behind a quarter of British mortgages, and is now listed as one of the top 10 mortgage lenders in the UK, alongside the likes of Barclays and Lloyds. This year, the Bank of Mum and Dad will lend more £5 billion to help their children get on the housing ladder offering deposits for 300,000 mortgages, according to a report by Legal & General. The average parental…

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