Fantastic £5k Deposit Mortgage for First -time Buyers Launched!

Caz Blake-Symes • April 22, 2024

Image courtesy of Freepix

We are very excited to announce an excellent product for First Time Buyers. This particular lender only deals with Brokers/Intermediaries like ourselves. Therefore, we will be delighted to see if this product is suitable for your specific needs.


Here are some of the key facts to help you…

  • Minimum Deposit £5k,
  • Maximum LTV 99%
  • 5-year fixed product
  • Minimum loan £95,000
  • Minimum purchase price £100,001
  • Maximum purchase price £500,000
  • Maximum loan period of 40 years
  • Applicants must be no more than 70 years old at the end of the mortgage term.
  • Up to 4.49 times salary for borrowing potential
  • Capital and interest payable
  • 10% annual over payment allowed.
  • Portable providing the LTV is under 95%
  • Both applicants must be UK Citizens residing in the UK.
  • Gifted deposits from an immediate family member accepted.


Restrictions

  • No offset option
  • Houses only no flats
  • No new build properties
  • No Joint Borrower Sole Proprietor option
  • For joint application At least one applicant must be a first time buyer (defined as never having owned a property in the past) and no background properties on the application
  • Both applicants must have indefinite right to reside in the UK.
  • Properties in Northern Ireland are not eligible.
  • An enhanced credit score must be achieved for applicant(s) to be eligible for the product.


What should I do next?

This is a very attractive product and we can help you with any queries and will take you through the eligibility criteria.

If this product is not suitable for you, as fully independent brokers, we can offer you a whole array of alternative options.

Any of our Advisers at Bristol, Weston, Bath and Exeter Mortgages Online would welcome the opportunity of discussing your mortgage requirements and to arrange to quote you on all the various options available to meet your specific needs.


Contact Us

For further details about the mortgage and protection products we offer as a fully independent mortgage broker, or any other mortgage information, book your FREE CONSULTATION with one of our expert Mortgage and Protection Advisers.

Bristol Mortgages Online           www.bristolmortgagesonline.com           Tel 0117 325 1511

Bath Mortgages Online                 www.bathmortgagesonline.com             Tel 01225 584 888

Weston Mortgages Online            www.westonmortgagesonline.com        Tel 01934 442 023

Exeter Mortgages Online             www.exetermortgagesonline.com         Tel 01392 690 888


House Price Index: November 2025

By Caz Blake-Symes • December 8, 2025
With the Budget uncertainty now lifted, buyers and sellers can return to making decisions about their next move. Removing the threat of a new annual property tax from 210,000 homes for sale will help revive market activity in higher-value areas. However, the lack of any stamp duty reform means homebuyers will continue

Check out our November newsletter!

By Caz Blake-Symes • November 28, 2025
Please click here to see our November newsletter This month’s edition is packed full of interesting articles, including What does the Budget mean for you? Interest-Only Mortgages For Later Life. Need Short-Term Property Finance? What is the Renters’ Rights Act, and what does it mean for tenants? What You Should Know About Second Charge Mortgages Time to Remortgage? Stunning 5-star Google Reviews! Let Us Help You If You Have Adverse Credit How to Contact Us You can also read more articles on our Blog. We hope you enjoy this Newsletter. If you have any queries, please call Phil Clark on 0117 325 1511 or email info@swmortgages.com

Budget 2025: Key points at a glance

By Caz Blake-Symes • November 27, 2025
Rachel Reeves has set out details of her second Budget since becoming Chancellor. Some measures from the yearly tax and spending plan had already been announced in the days leading up to the statement.

Interest-Only Mortgages For Later Life

By Caz Blake-Symes • November 19, 2025
We are thrilled to be able to offer this fantastic product through the Family Building Society. This interest-only mortgage gives those of retirement age and beyond the opportunity to free up equity from their home, without the huge costs often faced when considering Equity Release or a Lifetime Mortgage.

Need Short-Term Property Financing?

By Caz Blake-Symes • November 12, 2025
Thinking about buying a new property before selling your current one? Or maybe you need quick funds to complete a renovation or secure an investment opportunity? You’re not alone. With today’s fast-moving property market, many homeowners and investors are turning to bridging loans to bridge the gap.

What is the Renters’ Rights Act,and what does it mean for tenants?

By Caz Blake-Symes • November 1, 2025
The changes laid out in the Renters’ Rights Bill were the biggest shakeup of rental legislation in decades. In October 2025, the Bill gained Royal Assent, which means the bill becomes the ‘Renters’ Rights Act’, and will now become law.

Zoopla’s House Price Index: September 2025

By Caz Blake-Symes • October 13, 2025
Pre-Budget speculation over possible tax changes is impacting market activity for homes over £500,000. The rest of the mainstream housing market is carrying on, largely unaffected.

What You Should Know About Second Charge Mortgages

By Caz Blake-Symes • October 6, 2025
Thinking about borrowing more money, but worried about losing your current mortgage deal? You’re not alone. With interest rates shifting in 2025, many homeowners are

Check Out Our September 2025 Newsletter!

By Caz Blake-Symes • September 30, 2025
Check Out Our September 2025 Newsletter!
Rental market conditions are starting to normalise as supply and demand rebalance. The

Zoopla’s Rental Market Report: September 2025

By Caz Blake-Symes • September 24, 2025
Rental market conditions are starting to normalise as supply and demand rebalance. The affordability