On your own
Boost your buying budget without a loved one’s help.
Guarantor Mortgages
Boost your buying budget with the help of family or friends.
Remortgage
Release equity, borrow more or access better rates.
Part Buy, Part Rent
Buy a share of a home and pay rent on the rest.
Standard Mortgage
Buy a home with a repayment mortgage
5.5x Income
Increased borrowing for first-time buyers
Professional Mortgage
Increased borrowing for professionals
Dynamic Ownership
Co-buy with friends or siblings
Deposit Unlock
Buy a new-build home with a 5% deposit
Armed Forces Help To Buy
Borrow up to £25,000 as an interest-free loan
Skipton Track Record Mortgage
Use your track record of paying rent to get a 100% mortgage
Part buy, part rent
Buy a share of a home worth 10x your income with Wayhome
Through Wayhome's Gradual Homeownership scheme, you could live in a home worth 10x your income by buying a share of the property then pay rent on the rest.
Suitable for buyers & movers
Buy a share of a home
Maximum property price £500,000
How does it work?
Wayhome's Gradual Homeownership is a part buy, part rent scheme. Instead of having to afford the whole property, you will purchase a share of the property and pay rent on the rest. You can choose to buy more of the property each month or in lump sums when you're ready.
This scheme is a great alternative to renting, as you may be able to part-own a property similar to what you're currently living in. But over time, you'll build up equity in the home instead of just paying your landlord's mortgage.
To see if you're eligible, create a free Tembo plan for a personalised recommendation.
Why Tembo?
We help buyers, movers and homeowners discover how they could boost their affordability in 3 simple steps. It’s why we’re the UK’s Best Mortgage Broker.
Things to consider
Not every mortgage is for everyone. Here’s some things you should know before applying.
What are the benefits?
Buy a home worth up to 10x your income
As long as you meet Wayhome's affordability criteria, you could purchase a share of a property worth 10x your income. For example, if your income was £40,000, this could mean you could buy a share in a property worth £400,000.
Get on ladder with as little as 5% deposit
You only need a 5% deposit to get started with Wayhome's scheme, which should be at least £7,500. Because you'll only own 5% of the property, this also means you'll only pay 5% of costs like Stamp Duty too.
Live debt-free and avoid paying interest
As long as you have enough cash to purchase at least 5% of the property up front, you can live mortgage free by paying rent on the portion of the property you don't own. If you don't want to buy more of the property, you don't have to.
You'll benefit from any increase in value
If the property's value has increased over time, when it comes to selling you'll benefit from the increased value of the share you bought.
Risks and considerations
You must earn at least £24,000
To qualify for Wayhome's scheme, you must have a minimum household income of £24,000 (before tax).
The property must meet Wayhome's requirements
The property you choose must meet Wayhome's requirements to qualify. You cannot use the scheme with new builds, homes in need of structural renovations or buy-to-let properties.
The amount of rent you pay could change
Once a year your rent goes up at the rate of inflation which is set by the government. However, your rent can also go down when you buy more of your home.
Self-employed applicants need to provide 1-3 years of accounts
If you're self-employed, you'll need to supply between 1-3 years worth of accounts in order to verify your income.
Got questions? We've got answers
See all FAQsFrequently asked questions
The application process
Get into your very own home in 4 simple steps
Make a Tembo plan
In under 10-minutes, we’ll check your eligibility for Wayhome's Gradual Homeownership, as well as our other buying schemes. Plus, you’ll get a personalised recommendation including interest rates and repayments.
Talk to an expert
Book a call with our mortgage experts to start the qualification process and cover any questions you might have. If you want to move ahead, we'll introduce you to your account manager from Wayhome.
Find a property
Wayhome will arrange a decision in principle for you to confirm your final budget, and then it’s time to find a home! You'll need to ensure the property you choose meets their requirements, but your account manager will be on hand to support you throughout the search.
Make home happen
Once you’ve found a property, your Wayhome account manager will work with you and your chosen conveyancer to purchase the home outright.
Similar schemes
Explore our other buying schemes to see alternative ways to get on the ladder
On your own
Deposit Unlock
Purchase a new build home from a participating home builder with just a 5% deposit.
See detailsWith a guarantor
Income Boost
Add some or all of a loved one’s earnings to your mortgage application as a guarantor to boost your budget
See detailsFamily remortgage
Deposit Boost
Unlock money from a loved one’s property to gift to you as part of or all of your house deposit
See detailsLearn more
Confused about mortgages? Read our guides for expert tips on saving, buying and the market.
Other mortgage schemes
You can be snug in your very own home in 4 simple steps