£5,000 Deposit Mortgage
Raising a deposit for your first home can be quite a challenge with the continuous cost of living increases. One of the lenders we have access to has now announced a new mortgage product: £5,000 Deposit Mortgage.
This unique product is designed to help first time buyers purchase their first home faster with just a £5,000 deposit and its available on Loan to Value over 95%, up to a maximum of 99%.
Who’s able to apply for a £5,000 deposit mortgage?
- At least one applicant must be a first-time buyer and have no background properties on the application
- Applicants with a minimum of £5,000 deposit
- Applicants that meet the credit score required
Are there any exclusions?
Unfortunately, you’re not eligible for this mortgage product if:
- You’re looking to purchase a flat, a new build or a property in Northern Ireland
- Applicant does not have permanent right to reside in the UK
- You’re a Joint Borrower Sole Proprietor, Cascade Score or Boost LTI
Get in touch with our team
To find out more or if you would like to discuss your mortgage requirements with one of our advisors, don’t hesitate to get in touch. Call us on 01270 443510 or complete our contact form and we’ll be in touch as soon as possible.