A new independent low deposit mortgage intermediary, Home me, has announced its launch to the UK mortgage market.

The firm is a whole market broker and intends to help borrowers with smaller deposits access mortgages.

Home me was set up by Intra Private Finance Ltd to service the needs of buyers with low deposits, and the firm revealed it is aiming to lend £200m in its first year with the hope of supporting around 500 property buyers.

The firm said it will offer a “one stop shop” to help home buyers access the market, at a time when the average cost of a property continues to soar in comparison to the average wage.

Director of Home me, Bulent Kandemir commented: “Our mission is to help people to get out of renting and into home owning. We believe there is a great opportunity not just to help people find the best mortgage deal, but to help them access funds that can make the difference between buying their first property and buying their first home.

“Home me understands that people's buying power increases as they gain more experience and years in their jobs, however they increasingly miss the boat with the property market.

“We are constantly hearing the feedback from people that after taking years to save a deposit to buy a property in a desired location, property prices have moved up again, meaning buyers have to save further for an even bigger deposit and the wait to own a property just gets longer and longer.”

Share Story: