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 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.

The guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
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