Launch of Low Deposit Mortgage Products

For those in the local area trying to make that first step onto the property ladder or many homeowners wanting to move home but just don’t have as much equity in their property as they had hoped, the Society has recently introduced two new mortgage products which require only a deposit of 10% of the purchase price.  Commenting on the new products, Jan Scrowston, the Society’s Mortgage Manager said ‘Our aim is to assist those living locally to the Society, and by offering both a Fixed Rate and a Variable Rate Scheme all new borrowers have a choice dependent on their own financial planning. I am confident that the products will prove popular and to this end my mortgage team are always on hand to discuss an application.’