We’re an award-winning mortgage broker on a mission to make home happen for a new generation of buyers. We help families support their children with buying a home, using specialist FCA regulated mortgages.
Tembo is a family-focused mortgage broker backed with investment from Aviva and Nationwide.
Buying a home has never been harder. As house prices have skyrocketed, a new generation of homeowners have found themselves priced out of the property market. This means young adults are more reliant than ever on the financial support of their family. However, not all families are able to gift the considerable amounts required in cash.
Tembo offers alternative ways for first time buyers to purchase their home, without needing cash to hand.
If your loved one has saved up some deposit but their maximum borrowing is too low to get a suitable mortgage, an Income Boost mortgage could be for you. These products - known as Joint Borrower Sole Proprietor mortgages - enable Boosters to add their income to the buyer's mortgage to increase affordability.
Helps to bridge the affordability gap
Even once a buyer has saved a minimum 5% deposit, many find that they aren't eligible for a mortgage. This is because of the affordability gap in the UK. An Income Boost can fix this problem. It's suitable for those who already have a deposit saved, but can’t afford a large enough mortgage.
A temporary way to lend your support
An Income Boost is designed to be a stepping stone - a temporary support as the buyer gets a foot on the ladder. When their circumstances change (e.g. they get a payrise), and the mortgage is affordable alone, the Booster can come off the mortgage.
No stamp duty surcharge
With a Joint Borrower Sole Proprietor mortgage only the buyer has their name on the property deeds, meaning that you would not be liable for 3% stamp duty surcharge.
Family mortgage specialists
Income Boosts are bespoke products that are only offered by certain lenders. A whole variety of factors are considered, including income, pensions, affordability, age and credit. Our mortgage experts are well versed in these applications & finding the best deals.
If your loved one is struggling to save a large enough deposit and you own a home, a Deposit Boost could be the answer. By unlocking money from your property in an affordable & ethical way, you could get them on the ladder faster and help them make big savings in interest.
A quicker way to build a deposit
Saving for a deposit takes an average of 8 years. A Deposit Boost helps buyers build a deposit quickly so they can get on the ladder. With rent often more expensive than mortgage repayments, this means money stays in the family, rather than going to landlords.
A bigger deposit unlocks lower mortgage interest rates
By increasing your buyer's deposit you could help them unlock much lower mortgage interest rates. This could save your loved one thousands of pounds vs the alternative - our average Deposit Boost customer saves £14,000 in interest charges alone.
Inheritance tax benefits
Gifting your loved one a sum of money earlier in their lives not only helps them, but it could also reduce your inheritance tax liability in the years to come. Seek advice from a tax advisor to consider this benefit further.
You aren't responsible for the buyer's mortgage
Unlike most guarantor mortgage options, you aren't liable for the buyer's mortgage should they run into issues. The Deposit Boost is a separate product, meaning you are responsible for paying that loan, but not the buyer's mortgage. So you can unlock the money you'd like to gift, and rest easy.
We selected the best available rates from a panel of over 100 lenders.
See our ratesWe’re specialists in family support mortgages. Our smart technology will help find you the optimum solution for your family and our expert family mortgage advisors are at the end of the telephone to help you all the way through.
We have access to thousands of products from over 100 lenders to find the perfect deal for you and your family.
We're proud to be backed with investment by two of the most established and reputable names in the business - Aviva and Nationwide.
We're rated 'Excellent' on Trustpilot, and our main source of customers is through word of mouth referral.
You'll have one expert by your family's side from hello to move in day.
We're authorised and regulated by the Financial Conduct Authority.
We don't charge a fee for our service until you've got a mortgage offer from your lender.
We won Best Mortgage Broker and Best Newcomer at
the 2022 British Bank Awards.
We’ve put together a guide to help you better understand the options, what the risks and costs are to you and how they could work for your family.
Download here