The best low deposit mortgages for first-time buyers where you can buy a home with no savings

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ASPIRING homeowners have more and more ways to get on the ladder with very small deposits or without any savings at all.

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Halifax offers first-time buyers bigger mortgages of up to 5.5 times income: Is it a good idea?

Interest-Rates.Info - UK Mortgage & Property News - Birmingham Money - West Bromwich Money - Mortgage Brokers

First-time buyers could now be able to secure bigger mortgages when applying with Halifax.

The mortgage lender announced today that it is making £2billion available for first-time buyers who need to borrow up to 5.5 times their annual income.

To be eligible for what Halifax is calling its ‘First-time buyer boost,’ buyers will need a total household income of £50,000 or more, which will need to come from employment. 

They will also need to be purchasing a property with a deposit of at least 10 per cent.

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