There’s a new way to secure your first home. Now we’re talking!
Do you (or anyone you know) want to buy a place of your own?
- Do you have 15% deposit BUT don’t meet standard lender affordability, OR
- Can’t stretch for the extra deposit required to buy the place of your dreams?
Would you be prepared to rent a room to a partner, friend, colleague or family member?
If so, we have a new mortgage just for you!
Here’s how it works.
Say you earn £40,000 per year, and have no other commitments:
- The perfect home is £245,000
- You save a 15% deposit at £36,750
- You’ll need to borrow £208,250 to buy the place
- Your bank or building society say you can only borrow £180,000
Sad times! The lender can’t help you.
What about if you have a lodger who moves in and rents a room:
- The perfect home is £245,000
- You save a 15% deposit at £36,750
- You’ll need to borrow £208,250 to buy the place
- Your friend rents the spare room for £400 per month and signs a 6 or 12 month agreement*
- The Mortgage Expert secure you a mortgage for £208,250
Happy days! You can purchase your dream home!
Don’t forget to ask an expert!
Call today on 01582 45 00 00 for more information and to request an appointment.
Talk to an adviser today to check whether we can find the right mortgage deal for you.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
