24 Jan First Time Buyer without a Deposit
I was approached by a First Time Buyer after her bank had told her that they could not assist with a mortgage because she did not have a deposit in her own name and wanted to use a gift from a parent. I explained that as we can approach the whole of the market there are many lenders that will use a gift as a form of a deposit for a mortgage. We then went on to arrange this for her and this client has completed the purchase and moved into her first home.
Richard Humphreys-Jones (Mortgage and Protection Adviser)
If you need help buying your first home then please do contact us on mortgages@alextragroup.co.uk or 01270 250800 and speak to one of our mortgage experts.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
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