The Bank of England has withdrawn its Funding for Lending Scheme (FLS) for would-be homeowners, but brokers like First Choice Finance can still help you to find a purchase mortgage deal even with quite low deposits.
Governor Mark Carney has indicated that money will now be directed more towards businesses, rather than the domestic market, in a bid to prevent an unsustainable housing bubble from forming, which could derail the economy if-and-when it popped.
This FLS withdrawal may leave some people wanting to own a home stuck for options, as lenders may not have as many attractive options available now, however to balance this out the government has rolled out its help to buy 2 scheme which will help first time buyers and home movers get mortgages sorted.
Discover more about getting mortgage funding for home ownership through first choice finance by visiting firstchoicefinance.co.uk or by giving us a call – from a mobile, it`s 0333 003 1505 and from a landline it`s 0800 298 3000.
Homeowner Secured Loans
Rates From 7.1% APRC
Representative Example £30,000 over 72 months @ £679.90 repayments. Total payable of £49,949. 20.1% APRC including £2,975 intermediary fee and a £995 lender fee. Loans secured on property.
First Choice are tied to certain loan providers.
Mortgages & Remortgages
Borrow £80,000 over 25 years
At 4.6% Variable, £461.95 for
300 months. Total Payable
£138,585. Total Cost Of
Credit £58,585 (incl £1360 fee).
Unsecured Personal Loans REPRESENTATIVE 49.9% APR (VARIABLE)
First Choice are tied to certain unsecured lenders.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Security is required on
Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home
First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014.