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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