Only have a small deposit

Problem

A common obstacle for First-Time Buyers is gathering together a deposit. Understanding the options to make the most of a small deposit can prove a real challenge.

Solution

When it comes to purchasing a property with a small deposit, the market now offers more help than most buyers understand.

For example, there are products now available where deposits as small as £5,000 can be enough or perhaps even proceed with no deposit at all! Our advisers know these schemes inside out and can help you understand if they could work for your circumstances.

Complicated contracts

Problem

More and more workers have contract, shift patterns or compensation packages that do not readily lend themselves to a simple mortgage application.

Solution

Our advisers are highly experienced and have worked with the complexities of NHS pay scales, tech workers who are paid in stock options and contractors who may be self employed or work under umbrella companies. Experience of placing these types of cases with lenders who are more flexible with using different income sources can significantly boost mortgage borrowing capacity.

Limited time in UK

Problem

So many applicants are now looking to buy a property after moving to the UK. Historically, UK mortgage lenders have required applicants to have an extended history of being resident in the UK or have a long time remaining on a skilled visa.

Solution

UK lenders have increasingly updated their criteria to offer more options to applicants who might not yet have indefinite leave to remain in the UK.

Our advisers have become experts in navigating the UK market to offer schemes where applicants who have yet to obtain indefinite leave to remain can proceed with smaller deposits than ever before.