Name: First Time Buyer
Rating: 4.94 (156 reviews)

Clients had a

Deposit

They acheived a

LTV

Purchase price of

Secured

Two first-time-buyers with a 10% deposit and some adverse credit on their file.
The clients were purchasing at 90% LTV, a purchase price of £290k.
Their budget meant we needed a high street lender to approve, however there was some historic adverse.

Most high street lenders took a computer says no approach and picked up on the adverse credit from 3 years ago.

We spoke with a high street lender who was prepared to look at the case and see the strengths of the application. It was referred over to an UW prior to a full application, and they confirmed they were comfortable to proceed.
Our biggest strength in this case was knowing which lenders we could refer a case to and ask them to make an exception.

The case went to offer and a competitive rate of interest was achieved, within the clients budget.
It saved around £300 PCM, compared to having to use a specialist lender that would have been unaffordable to the client.
Two more first-time buyers on the property ladder, with the help of Just Mortgage Brokers.

Search our site

First-time buyer clients with adverse credit and a 10% deposit