Bolton Estate Agent Shares Insights on Surge in 100% Mortgage Lending


Credit: The Bolton News

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New Opportunities on the Horizon: 100% Mortgages Making Homeownership Attainable in Bolton

Cardwells Estate Agents in Bolton anticipates a transformative shift in the local property landscape as Skipton Building Society prepares to unveil a pioneering initiative—a 100% mortgage scheme aimed at first-time buyers. This groundbreaking development has the potential to empower individuals who have long aspired to step onto the property ladder but have been hindered by the daunting prospect of accumulating a substantial deposit. Andrew Cardwell, a prominent figure at Cardwells Estate Agents, hails this forthcoming offering as a significant step towards realizing the dream of homeownership for many in Bolton. While acknowledging the promise it holds, he also underscores the importance of cautious consideration and professional advice to navigate the associated risks effectively.

Skipton Building Society to Introduce Groundbreaking Mortgage Scheme

The initiative spearheaded by Skipton Building Society represents a beacon of hope for aspiring homeowners, particularly those burdened by the cycle of renting. As Stuart Haire, the chief executive of Skipton Building Society, articulates a desire to alleviate the plight of individuals ensnared in the rental market, the forthcoming mortgage scheme emerges as a promising solution. Despite the allure of 100% mortgages, Andrew Cardwell of Cardwells Estate Agents urges prospective borrowers to approach this opportunity with prudence and diligence. While the absence of a deposit requirement may seem enticing, the potential risks, including the specter of negative equity, necessitate a thorough assessment of individual circumstances and financial readiness. Cardwells Estate Agents stands ready to facilitate this process by connecting clients with seasoned financial advisors who can offer tailored guidance and support throughout the mortgage application journey.

Read the full news article on The Bolton News here.



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