First Homes Scheme Mortgage for a Solo First-Time Buyer in Kent

Heron Financial arranged a £119,000 mortgage at 59.5% LTV for a solo first-time buyer in Kent, purchasing a purpose-built flat at a discounted price of £200,000 through the First Homes Scheme. The £60,000 scheme discount sat alongside £21,000 of personal savings to make up the deposit position, with the lender calculating LTV against the discounted […]

Joint First-Time Buyer Mortgage in Middlesbrough at 95% LTV with a £9,000 Deposit

Heron Financial arranged a £171,000 mortgage at 95% LTV for joint first-time buyers in Middlesbrough, purchasing a £180,000 terraced house with a £9,000 deposit made up of £3,000 in personal savings and a £6,000 family gift. With only 5% deposit available, the priority was matching the case to a mainstream lender comfortable lending at the […]