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04/02/2010 Personal loan rates reach nine year peak despite record low base rates
Risk continues to be the focus in all lending activity, but with no guarantees on the debt being repaid, unsecured personal loans have seen...
Graduate Mortgages
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Studying for a degree can often prove to be an expensive business that can leave you with a large debt once you have graduated...
There are certain mortgage lenders who specialise in offering favourable rates and terms to recent graduates, namely Scottish Widows Bank and HSBC.
Scottish Widows Bank Graduate Mortgage
Scottish Widows Bank Graduate Mortgage is available to all graduates of recognised UK universities up to the age of 40. It allows the recent graduate to borrow 95% of the cost or valuation of the property, whichever is lower.
Rather than sticking to a rigid formula, each mortgage application is assessed individually - allowing the best possible chance of having the application approved. If the applicant needs to borrow more than the average LTV (loan to value) Scottish Widows Bank will also consider guarantees from a close relative.
Key points of Scottish Widows Graduate Mortgage:
- Flexible 95% mortgage
- Guarantor facility for loans higher than normal
- Open to all graduates of recognised UK universities up to age of 40
- Up to £250 refund on cost of property valuation.
HSBC Graduate Mortgage
If you have graduated within the last five years, you may be able to take advantage of the benefits available to HSBC Graduate and Graduate Plus account holders. HSBC have made their mortgages easy to arrange and they offer some of the best overall mortgage rates in the UK.
To qualify, you must hold an HSBC Graduate or Graduate Plus Bank Account and have your salary paid into it. If you hold a student or graduate account elsewhere, you can apply for an HSBC Graduate Bank Account or an HSBC Graduate Plus Bank Account within three years of graduation.
For first time buyer mortgage advice please click here or phone 0800 5999 007