July 11, 2024

Increasing Popularity of Concessionary Mortgages

Increasing Popularity of Concessionary Mortgages

I must admit, until this week I had never heard of a “concessionary mortgage.” This type of mortgage is designed for situations where you purchase a property at a discount and use that discount as a deposit. These mortgages are reportedly becoming more popular as landlords sell properties to their existing tenants.

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