New scheme to help more people get onto housing ladder

A new scheme has been set up to help more people get onto the housing ladder. Credit: ITV News Border

A new scheme is being launched to help more people get onto the housing ladder.

Eden District Council and the Penrith Building Society have set up a 'Mortgage Boost' initiative to allow residents to apply for mortgages with just a five per cent deposit.

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Help for first time buyers

A scheme to help first time buyers onto the property ladder has been taken up by Eden District Council. They have teamed up with Penrith Building Society to make 95 per cent mortgages available to eligible residents within the District.