Momentum Mortgage - Overview
Our Momentum mortgage, which is available on certain properties in participating developments makes it easier to get onto the property ladder.
Here's what to expect:
- No deposit needed from you - the developer pays your 5% deposit.
- You'll only pay your deposit back if the property value grows by 5% or more after five years.
- Protection against falling house prices – we'll reduce your mortgage by up to 10% of the original property value if your property value has fallen after 5 years.
- Choice – competitive fixed and discounted mortgages up to 95% of the property value.
- Flexibility – choose a term that suits you up to 35 years*.
- We won't charge you a valuation fee
