First Time Buyers

Benefit income can be a key part of your mortgage application. Lenders assess its stability and longevity, and each has their own criteria for inclusion. At OpenDoor Mortgages, we specialise in integrating benefits into your financial profile, demonstrating their regularity and reliability. Our role is to expertly navigate through lender criteria, ensuring your benefit income is properly valued in your application, contributing to a stable financial base. We aim to secure mortgage solutions that recognize and accommodate your benefit income, making homeownership more accessible.

Having limited leave to remain in the UK does not exclude you from obtaining a mortgage. Lenders will consider the length of your remaining leave, the time you have been in the UK, your employment status, and your credit history. We have significant experience in finding mortgage solutions for individuals in this situation, highlighting the stability of your residence and employment in the UK. Our goal is to find a lender who recognizes your potential as a homeowner, regardless of your residency status.

Maternity or parental leave can be a consideration in your mortgage application. The right lenders will assess your return-to-work income. We understand how to effectively communicate your temporary leave and planned return to employment. Our expertise ensures lenders consider your full financial picture, including your pre & post-leave income. We're here to support you in securing a mortgage that aligns with this significant life stage so you can focus on parenthood.

Being on a probationary period does not have to add complexity to your mortgage application, it is generally not a deal-breaker. Lenders will consider the length of your probation, your job security, and the likelihood of continued employment. Our team specialises in advocating for clients in this situation, highlighting your career stability and future prospects. We'll connect you with lenders who are open to considering your application, even during your probationary period.

A low credit score or past financial issues don't automatically prevent you from getting a mortgage. Lenders consider the severity and recency of these issues. We specialise in finding lenders who understand complex credit histories, preparing your application to emphasise your financial recovery and responsibility. Our goal is to secure a mortgage that aligns with your current financial stability and future potential.

Starting a new job doesn't have to hinder your mortgage prospects. Lenders consider job stability, salary, and contract terms, in some instances accepting proof of a permanent contract or a job offer letter. Our team know how to present your new employment positively, emphasising the potential and stability of your new role. Our approach involves finding lenders who appreciate your career progression and offering mortgage solutions that support your homeownership goals and align with your new career trajectory.

Missed payments don't automatically disqualify you from a mortgage. Lenders will consider the context and frequency of these incidents. At OpenDoor Mortgages, we assist in framing your financial history positively, focusing on improvements and current financial stability. Our expertise is in finding lenders who appreciate your overall financial picture, ensuring past issues don't hinder your mortgage aspirations. Our aim is to build a robust case that highlights your financial recovery, securing a mortgage that reflects your true financial standing and commitment to responsible borrowing.

The minimum deposit for a traditional mortgage typically starts at 5% of the property's value, depending on the lender and your personal circumstances but there are some solutions which require no deposit at all. Our brokers offer strategic advice, helping you understand what options you have & helping you set realistic targets in regards to your deposit & property aspirations. We're dedicated to finding the right balance between your deposit and mortgage payments, ensuring you're positioned for a mortgage that's advantageous, sustainable, and aligns with your financial goals. Our goal is to make your property ambitions a reality, while keeping the initial financial burden manageable and within your reach.