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First Time Buyers - No Deposit Needed

 


What is Track Record Mortgage?


A mortgage for renters

We use your track record of paying rent to work out what you may be able to borrow.


Fixed rate for 5 years

The interest rate on this mortgage is fixed for 5 years, meaning your rate won't change during this time period.


No deposit needed

We will accept a deposit of less than 5%, but you don't need a deposit to apply for this mortgage.


No completion fee

We won't charge you any fees for the completion of this mortgage.

Who can apply?

  • You haven't owned a property in the UK in the last 3 years
  • You are aged 21 or over
  • You have no missed payments on debts / credit commitments in the last 6 months
  • You want to borrow up to £600,000
  • You're not looking to buy a new build flat
  • You're not looking to buy a property in Northern Ireland.

Sole applicants:

·         You've paid all rent for 12 months in a row, within the last 18 months. We may also want to see proof of payments of household bills.

Joint applicants (up to 4 people):

·         You can prove that all rent has been paid either by one applicant or collectively for 12 months in a row, within the last 18 months

·         If you've been renting separately you can prove that you have paid all your rent

·         In either case we may also want to see proof of payments of household bills.

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