Low credit score

The borrowers

Sean is 21 and single. He is newly employed and a first-time buyer who currently lives with his parents. Sean’s family are gifting him a deposit for his first home, however he has a low credit score.

Sean is hoping to get on property ladder and move out of the family home
He earns £21k in his new role but has existing sector experience
The property is a 2-bed house in the North East for £100k, £25k of which will be his gifted deposit

How we can help

At Foundation, we offer mortgage products over multiple tiers to suit borrowers with a wide variety of credit histories and can cascade borrowers through our tiers depending on any credit blips they may have. We welcome first time buyers and are happy to consider gifted deposits. If you have a client like this we may be able to help, you can find out more on our criteria guide here.

We love to talk a case through, why not call your Foundation Regional Area Manager today?

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Foundation Home Loans is a trading style of Paratus AMC Limited. Registered Office: No.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA.

Registered in England with Company No. 3489004. Paratus AMC Limited is authorised and regulated by the Financial Conduct Authority.

Our registration number is 301128.
Buy to let mortgages are not regulated by the Financial Conduct Authority.
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