Adrian Moloney – OneSavings Bank Group Sales Director
The extraordinary times we’ve been experiencing recently reminds me of the famous boxing quote: “Everybody’s got a plan until they get punched in the mouth.”
Imagine you were a first time buyer at the start of the year planning on purchasing a house in 2020. You’d been saving diligently, building up a decent deposit and then BAM, along comes COVID-19 and puts everything, including your house buying plans, on the canvas.
Although things are starting to come round again, albeit a little groggily, you’ll find that many lenders have cut a lot of their higher loan-to-value (LTV) mortgages, meaning you now need a larger deposit to achieve the mortgage you need.
So what options are available to those who’re looking to get onto the property ladder, but who’re struggling to find a mortgage with a high street lender?
That’s where we step into the ring. We’re ideally placed to help first time buyers deliver their own knockout blow. With our alternative solutions, such as the government’s Help to Buy initiative or through the shared ownership scheme, our multi-brand combined offering means customers won’t have to throw in the towel on their home ownership dreams.
Our simple, transparent Help to Buy criteria, available through Precise Mortgages, is designed to help customers purchase a property with just a 5% deposit, even if they’ve been declined by a high street lender.
For more information about Help to Buy, click here.
If you’ve got a customer who wants to purchase a share in a property, our common sense approach to shared ownership lending, available through Kent Reliance for Intermediaries, offers flexible criteria that matches up to their needs.
Click here to find out more about our shared ownership proposition
Don’t forget if you’ve got a question about Help to Buy or shared ownership, our friendly, experienced Sales Team is always available for a call or a virtual meeting. Get in touch if you need any support – it’s what we’re here for.