Doing all they can to help first time buyers take their first step onto the property ladder, Catalyst can now offer their buyers a 95% loan-to-value (LTV) mortgage product through their exclusive agreement with one of the industry’s most respected, specialist new build mortgage advisers.*
Available through Meridian Mortgages, the mortgage enables buyers to purchase a new Catalyst home with just a 5% deposit, helping more purchasers to secure their dream home.
The 95% mortgage product is available on homes for both private sale and Shared Ownership, and can be used in conjunction with Help to Buy.
Markus-Kendall Young, Group Head of Sales and Marketing at Catalyst, comments: “Over the past few months, it has been increasingly difficult for buyers to obtain 95% LTV mortgages. Yet these mortgages can be so important for many first-time buyers hoping to get on to the property ladder – making home ownership more affordable by lowering the required deposit to just 5%.
“We are delighted to be able to help, with our new 95% LTV mortgage with Meridian Mortgages available across all our developments. We have plenty of options for buyers with differing levels of deposit; for instance, a 5% deposit at ARRO in Southall now starts from under £3,500, which is pretty extraordinary for London. We look forward to welcoming many more first-time buyers through our doors, as they press ahead with their property search.”
Catalyst offers a diverse range of developments both in London and across the Home Counties, covering studio apartments through to sizeable family homes. With Help to Buy and Shared Ownership available, as well as Part-Exchange and Assisted Move, Catalyst are here to help every buyer find their dream home, no matter where they are in their property journey.
For free mortgage advice, buyers can speak to a mortgage expert today through our live chat.