The First Step - First Time Buyer product offers significant flexibility with 98% LTV and up to 5.5% LTI in support of new borrowers.
With a minimum loan size of £100,000 going to a maximum of £500,000 there is lots of room for most property types and only new build flats are excluded.
Key Criteria
available to first-time buyers only
no credit score only credit search
up to 98% of the property value
up to 5.5x loan to income
gifted deposits acceptable from immediate family members
minimum property value of £100,000
maximum loan size of £500,000
loans on new build houses are accepted
free basic valuation for lending purposes
new build flats are excluded
For further information, visit the website at www.cambridgeforintermediaries.co.uk, where you'll find full product details and our affordability calculator, or call the team on 0345 601 2744.