Is a 1% Mortgage Deposit Good for First Time Home Buyers? Greycoat Real Estate Recaps the Debate
With the election coming up, the politicians are making promises for their potential terms as Greycoat specialists comment. One such promise is the Conservative Party's proposal to make available mortgages that require only a 1% deposit, but is it a good idea? Pros A 1% deposit certainly reduces the percentage buyers need to sign for a home. Many celebrate the idea as a way to help a new generation of home buyers escape from paying...