MORTGAGES
5% DOWN, 5% BACK
JUST £5,000 TO GET STARTED
• New build properties • Gifted deposit from family accepted • Builder cashback on completion
• First time buyer • £5,000 deposit • Settled status in the UK / ILR • Low debt to income ratio
Buying a new build? Put down just 5% and get 5% back when you complete, zero deposit in disguise! This lender allows the deposit to be gifted, so family can help you get started and the cashback can be used to pay them back straight away.
Got some savings put aside? That could be all you need to take your first step on to the property ladder. With this option, buyers can purchase a home with a £5,000 deposit, making homeownership feel more realistic and within reach for many first time buyers.
GETTING ON THE PROPERTY LADDER JUST GOT EASIER Been told you need a big deposit to buy? You don’t! You just need a good broker who understands the market and the products available
*All products are subject to eligibility criteria and lender approval. Speak to a mortgage broker to check what you may be eligible for
0% DEPOSIT MORTGAGE
• Been renting for 12 months • Clean credit history • Settled status in the UK / ILR • Not owned a property in three years • 21 or over
FIRST STEP 2% DEPOSIT
Struggling to save a large deposit? The First Step mortgage helps first time buyers purchase with just a small amount of their own savings. With borrowing of up to 98% of the property value, it’s a faster route on to the property ladder without years of saving.
Created for first time buyers with at least 12 months of on-time rent payments, this mortgage allows renters to buy a home without a traditional deposit.Your borrowing amount is based on your monthly rental payments, helping turn rent into a pathway to homeownership.
• 98% LTV | 2% Deposit / £5,000 • One applicant is a first time buyer • Deposit from own savings
22 | firsttimebuyermag.com
Made with FlippingBook Annual report maker