Is the new 5% deposit 'part and part' mortgage any good?

Is the new 5% deposit 'part and part' mortgage any good?

Lender Gen H has launched a new part capital repayment and part interest-only mortgage that can be accessed by first-time buyers with small deposits.The home loan allows borrowers to take up to 80 per cent of their borrowing on an interest-only basis – meaning smaller repayments – with the remainder working as a normal repayment mortgage, allowing homeowners to build up capital.The aim of the mortgage – available to any household with a combined…

Mortgage expert warns buyers on risks of part-and-part mortgages - overpay to avoid being left with huge debt

Mortgage with interest-only element launched for first-time buyers

Another mortgage has launched for small deposit buyers in the shape of Gen H’s ‘part and part’ mortgage. The post Mortgage with interest-only element launched for first-time buyers appeared first on what MORTGAGE.