Mort­gage ad­vice for young buy­ers

Yorkshire Post - Property - - PROPERTY -

UR­BAN Splash is host­ing monthly mort­gage work­shops at its Sax­ton de­vel­op­ment in Leeds.

Ni­cola Wal­lis, sales di­rec­tor at Ur­ban Splash, says: “Mak­ing that first step onto the prop­erty lad­der con­tin­ues to be­come in­creas­ingly dif­fi­cult for young peo­ple. Buy­ing homes through shared own­er­ship makes buy­ing your home more ac­ces­si­ble as some lenders re­quire as lit­tle as five per cent de­posit.”

Work­ing in part­ner­ship with the Homes and Com­mu­ni­ties Agency, Sax­ton Gar­dens of­fers homes through the Gov­ern­ment’s shared own­er­ship scheme, which al­lows home buy­ers the chance to buy an af­ford­able share in their home rang­ing from 25 per cent to 75 per cent, with the op­tion to buy ad­di­tional shares at a later date. www.ur­

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