Large Loans on Property are Back

There are interesting innovations in the mortgage and property world that can see borrowers achieving a loan of up to 10 x income with just a 5% deposit.

Both these schemes have their relative merits. For many, this will be the only way to get on the property ladder so that should be applauded.”

— Richard Campo

LONDON, UNITED KINGDOM, November 25, 2021 / — These new mortgage schemes work in two quite different ways.

The first relates to long-term fixed rates. Kensington, a non-High Street mortgage lender, has created a range of fixed-rate mortgages that can last up to 40 years.

Due to the length of the fixed-rate, they do not need to do background ‘stress tests’ which typically inhibit

Read More At:  Article Source