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I am on the first step of the ladder,I am looking for a property smallish new chalet or 2/3 bed new apartment in a ski area with easy acess to buget airline airport.I am past retirment age,the property will be for my sons families to use.are morgages and leasbacks available under my circumstances.
Dondooless
Hi Seamus
Thanks for the reply,it would be an ideal solution if we could buy a property for family use 8 weeks per year,finance the loan /morgage from the lettings with a deposit of about 80K
Lending can go a little above 70nb some lenders will allow up to 75-80 ideal for those out there relying on pensions to meet the strict affordability rules. Each case should be reviewed individually of course, however keeping repayments low is for most people a big priority. www.NewMortgageFinder.co.uk has 2-3 pages devoted to leaseback mortgages. They can offer rates as low as 2.75% and in some cases interest only loans, Give them a call real easy to talk to lots of experience in leasebacks mortgages. Oh, and they are a regulated firm here in the UK, so have the right qualifications to give mortgage advice.