Deposit free mortgage for renters now available
Flagstone Financial is excited to share news of the launch of a new mortgage product that is intended to support people currently renting.
Unlike other deposit-free options that require financial backing from family or friends, this new 100% mortgage product doesn’t need a guarantor. Instead, applicants must demonstrate a solid credit history and 12 months of on-time rental payments.
John Lineham, Managing Director of Flagstone said:
The convenience of a no-deposit mortgage will be attractive to many first-time buyers that are renting and not in a position to save a significant deposit.
We understand that the lack of affordable properties is a significant hurdle for many, and we hope that products like these can help alleviate some of the challenges of getting on the property ladder.
As one of the largest introducers of mortgages in the UK, Flagstone have access to a large number of exclusive mortgage rates.
With a team of highly experienced advisers, we are perfectly placed to provide the advice and guidance that you need to choose the option that works for you.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.