Principality is working with builders to give buyers with low deposits access to new build properties with mortgages of up to 95% Loan To Value (LTV) via a brand new guarantee scheme.
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Principality, Wales’s largest building society, has announced the launch of a brand new 95% LTV mortgage product that will lend up to 95% Loan To Value, to help Welsh First Time Buyers and those with limited deposits in Wales to get onto the property ladder.
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The number of loans for house purchase in Wales increased in the third quarter showing a similar trend to the UK as a whole, according to new figures released by the Council of Mortgage Lenders in Wales.
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With the majority of first-time buyers in Wales typically buying homes under £125,000, the end of the stamp duty holiday had a smaller impact in Wales than in the UK.
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