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You could get a mortgage with just a 5% deposit
There’s nothing like a pandemic and being stuck at home for months on end to make you feel like the walls are closing in on you. Maybe you’ve fallen out of love with your current home, have realised you just need more space for a home office or would like to move out of the city to the country – or even by the sea.
The good news is that you could get a mortgage with a 5% deposit and you can look into your options and check whether you qualify for a mortgage for free from the comfort of your own living room. You’ll know what deals you could be eligible for in 15 minutes, then you can get ready to speak to your own personal Mojo expert, and it won’t cost you a penny as they receive commission from the lender on completion , so it’s a good way of saving money too.
Whether you’re looking to buy your first property, you’re moving home or you’re thinking of remortgaging, Mojo will search the whole of the market including over 90+ lenders and 10,000 products, so you can compare personalised rates and get the best deal.
There’s a really handy mortgage calculator tool as well which you can pop in details of your potential deposit and your salary and it will indicate the maximum property value you could achieve and provide an estimate of what your repayments might look like. https://mojomortgages.com/mortgage-calculator
If you’re worried about your credit score, check out the free Mortgage Score tool first to check out how a lender sees you.
If you haven’t heard of Mojo before – don’t worry I hadn’t either – but I’ve checked them out and they have a great track record including an award for Most Promising Financial Start Up of the Year in 2019 at the Financial Innovation Awards and are regulated by the Financial Conduct Authority
They won because of their advanced financial technology which enables advisors to spend more time with customers, ultimately leading to an earlier offer on the table. The company’s mission is to make mortgages easier for everyone and if it saves people time and money, then I’m all for it!
Do you love a bargain? Don’t forget to like Broke in Bristol on Facebook for all the latest deals, discounts and days out. Have you seen the latest issue of Love Local with Maria Newman yet? Every week I chat to a local business owner and find out what they do as well as ask them for a special offer just for Broke in Bristol followers.