A new independent low deposit mortgage specialist, Home me, has launched to help borrowers with smaller deposits access mortgages.
It specialises in boosting mortgages, and says it offers a ‘one stop shop’ to help home buyers “get more for their money” and “buy smarter”.
Home me was set up by Intra Private Finance specifically to service the needs of those buyers with low deposits. It aims to lend £200m in its first year, which will support around 500 property buyers.
Bulent Kandemir, director of Home me, said: “Our mission is to help people to get out of renting and into home owning. We believe there is a great opportunity not just to help people find the best mortgage deal, but to help them access funds that can make the difference between buying their first property and buying their first home.
“Home me understands that people’s buying power increases as they gain more experience and years in their jobs, however they increasingly miss the boat with the property market.
“We are constantly hearing the feedback from people that after taking years to save a deposit to buy a property in a desired location, property prices have moved up again, meaning buyers have to save further for an even bigger deposit and the wait to own a property just gets longer and longer.”