Discover your buying budget with Tembo, and your dream home at keaze.com
Voted Britain's Best Mortgage Broker 2022, Tembo uses a range of schemes, including family guarantor mortgages, shared ownership and specialist products to increase affordability by an average of £82,000. So don't struggle alone, try Tembo
A path to homeownership may be closer to home than you think
Help to Buy has ended, and the affordability gap isn't going anywhere. Luckily, there are a range of products to help you buy the home of your dreams. With your loved one's support, you can buy sooner, or increase your buying budget. The best part? No lump sums of cash are needed; your Booster can support you with their income, pension or property.
Boost your income
An Income Boost, also known as joint borrower sole proprietor mortgage, is an innovative way of adding some or all of a family member or friend's income to your mortgage. This increases your affordability - that's the amount a lender will let you borrow.
Key benefits
You can buy the home you love
By combining up to four income sources, an Income Boost can significantly increase your borrowing potential. That might mean a spare bedroom, outdoor space, or even enable you to get your first set of keys.
It's a temporary form of family support
An Income Boost is a temporary support as you're getting onto the property ladder. When your circumstances change - let's say because you get a payrise - the Booster can come off the mortgage.
Your loved ones won't be out of pocket
Providing you don't need help making repayments, there's no need for your Booster to dip into cash savings to help you. They also won't be on the deeds of the property, so won't restrict any stamp duty relief.
Increase your deposit
With a Deposit Boost, your family member can use the equity they've built up over the years in their own home to help you buy yours. Using a remortgage or specialist mortgage, we'll unlock money from their home to be gifted to you as a deposit.
Key benefits
You'll increase your buying budget
As your house deposit increases, so does your overall buying budget. So whether you're limited by your deposit, or your affordability is a little tight, a Deposit Boost can help to bolster your buying power.
Reap the benefits of buying sooner
Struggling to save a 5% deposit? A Deposit Boost could speed up the process, getting you on the property ladder sooner. So you can start building your own wealth - paying your own mortgage, not your landlord's!
Keep your booster's support separate
Your Booster's remortgage is entirely separate from your own purchase mortgage. This means your credit profiles remain separate, and neither party is responsible for the other's repayments.
Five reasons to choose Tembo
Watch this short video to discover why our award-winning team are the broker of choice for families across the UK.
The process of buying with Tembo
With an Income Boost, you could borrow up to £173,000 That means with Tembo, you could aim for a home worth £183,000.
Take a look under the hood
With an Deposit Boost, you could borrow up to £323,000 That means with Tembo, you could aim for a home worth £333,000.
Take a look under the hood
Mind the generational wealth gap
Read our latest white paper to learn more about how the generational wealth gap is impacting buyers today, and how we can address this through family support.
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