But in response to this, Mortgage information Centre Ltd, is using a scheme that brings buyers with a 5% deposit together with motivated sellers who are prepared to gift the buyer the extra 5% required for the deposit in return for a good selling price and a quick sale.
How does it work? Vendors that wish to opt in to the scheme instruct GSPC (Miller Stewart) to sell their home, which will source a buyer with a 5% deposit and a strong credit record.
The seller matches the deposit with 5% of their own equity (no cash required). The buyer then takes out a mortgage, with help from Mortgage Information Centre, independent mortgage broker, Obligo to secure their dream property.
Contact us today if you're thinking of selling or buying a property 01698-283301