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Shared appreciation mortgages could be a good choice for first-time buyers

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  • Shared appreciation mortgages could be a good choice for first-time buyers

    A shared appreciation mortgage allows you to borrow 25% of the value of your property at 0% interest, provided you agreed to pay the bank, upon your death or sale of the house, 75% of the appreciation in the price. Shared appreciation mortgages were introduced by the Bank of Scotland in 1996.A spokesperson for Zen [...]

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