
These mortgages are designed with First Time Buyers in mind. Those stuck in rentals who are unable to save towards/enough for a deposit due to high rents, strong house price growth and lack of access to wealth (e.g. family support) but can demonstrate a track record of paying rent and all household expenditure (e.g. gas, electric, council tax, water rates etc) for a minimum period of 12 months.
Lenders must meet the following criteria to apply.
✓ Must be first-time buyers.
✓ Must be renting with proof of last 12 months rent payments.
✓ Must be same people renting as purchasing the property.
✓ No missed payments on debt in last 6 months.
✓ Minimum age 21.
✓ Maximum mortgage term 35 years.
✓ Incentives on new build homes.
✓ Not available on new build flats.
✓ Maximum loan amount of £600,000
Call us today on 01452 612020 to find out more information!