The average London deposit is £132,000 (meaning that the average buyer would have to save for 55 years if they saved £200 a month).
Tembo is championing a new way forward. To build a more equitable future, and to help a new generation of buyers get a foot on the ladder with the help of their loved ones.
An Income Boost is a way for a family member or friend to allocate some of their income to their loved one’s mortgage application in order to increase the buyer’s borrowing potential. With the average house price being 7.5 times the average income, an Income Boost can increase the amount you could borrow.
A Deposit Boost is a way for a family member or friend to unlock money from their property to help their loved one get on the ladder with a gifted deposit. On average, Tembo saves home-buyers £8,704 in interest fees with a Deposit Boost.
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