Банк Gable запустил ипотеку без первоначального взноса для покупателей новостроек Barratt Redrow

A no-deposit mortgage has been launched for buyers of homes on selected Barratt Redrow developments. Lender Gable Mortgages and financial firm Own New have partnered with the developer to offer the deals to borrowers who can afford a mortgage but struggle to save for a deposit. The mortgage is a five-year fixed rate product available through participating mortgage intermediaries at a current rate of 6.4%. Borrowers will still have to meet affordability and lending criteria. Own New said the mortgage forms its broader strategy to address two of the biggest barriers to purchasing a home: the cost of monthly mortgage repayments and the challenge of raising a deposit. What mortgage and protection advisers should take from the FCA’s AI stance Sponsored by Sesame Bankhall Group It also marks Gable Mortgages’ entry into the new-build sector and is available now on eligible new-build Barratt Redrow properties in England and Wales priced between £125,000 and £1m. The deal is available on mortgage terms from five to 35 years. Own New said it plans to make the proposition available more widely across its housebuilder network in the coming months. The product is aimed at customers who can demonstrate a sustainable income but have been unable to save for a traditional deposit. Eligibility criteria include a minimum age of 21, a minimum income of £27,780 – or £25,000 for qualifying key workers – and a clear recent credit profile. Enhanced income multiples are available for eligible key workers across a range of public and essential service professions. Own New says it is focused on helping housebuilders and homebuyers access innovative mortgage products that improve affordability. Eliot Darcy, founder and chief executive of Own New, said: “For years, much of the conversation around housing affordability has focused on monthly mortgage payments. “While that remains critically important, we know there are many people who can comfortably demonstrate the ability to make those payments but remain locked out of homeownership because they cannot raise a deposit. “This partnership with Gable Mortgages represents an important evolution of Own New’s proposition. “By helping address both monthly affordability and deposit affordability, we’re expanding the ways we can support housebuilders and, most importantly, help more customers access a new home.” Chris Eaton, co-chief executive of Gable Group, added: “Working with Own New has allowed us to bring our no-deposit proposition into the new-build sector through a trusted platform with strong housebuilder relationships. “Together, we’re creating a responsible new route into homeownership for people who may previously have believed it was beyond their reach.”