Rising house prices and living costs mean many of us are juggling present realities with future aspirations. For those dreaming of stepping onto the property ladder, higher loan-to-value (LTV) options might offer a valuable opportunity.

Being a first-time buyer today

If you're a first-time buyer (FTB), the statistics suggest you're likely to be in your mid 30's. It's taking people longer to save for a deposit. Therefore, you're probably renting for longer. With rent costs hitting record highs, the challenge to buy can feel like an uphill struggle. The bottom line? It's tougher than ever to get onto the property ladder.

Higher LTVs can open the door to a first home

It has become more difficult for many to buy their first home. However, the mortgage market is an innovative sector. Flexible solutions exist for those curious to explore a higher LTV mortgage.

We're helping people across the UK secure their first home with a smaller deposit. There are now many residential mortgage options at higher LTVs for purchases and remortgages. This is making a significant difference for FTBs taking the leap from renting to buying. Mortgage terms up to 40-years are also available, which can help with affordability.

But it's not just younger buyers benefiting from high LTV options. Increasingly we're seeing people aged 40 plus enter the market as first-time buyers. There are now mortgage options designed for clients whose mortgages extend into retirement. This is helping borrowers of all ages achieve homeownership, regardless of life stage or circumstance.

Why high LTV products should be on your radar

Many FTBs are still unaware of higher LTV mortgage options. The 20% deposit requirement misconception is still a significant barrier for many potential buyers.

Mortgage advisers can play a crucial role in educating FTBs about the options available to them. This is especially important for those who might otherwise give up on homeownership due to misunderstanding the deposit they'll need.

Get in touch with our friendly and knowledgeable team for more information.