According to recent reports from Mortgage Solutions, borrowers now have six times the number of 95% LTV mortgage products to choose from than they did before the latest Budget. Are you prepared to help ‘turn generation rent into generation buy’? With our HomeBuyer app, you can be – download today to make your lead acquisition easier than ever.
On 3rd March Chancellor Rishi Sunak confirmed that the UK’s biggest banks are set to lend on the Government’s new 95% LTV scheme from April onwards, with Virgin Money also preparing to join in May. The Bank of Ireland, Yorkshire Building Society and TSB are among the lenders who have already announced their return to 5% deposit lending, meaning the choice of such products has risen six-fold in a matter of weeks.
This news has been celebrated by many aspiring first-time buyers as raising a substantial deposit is a significant challenge that prevents many from making their first step onto the property ladder. Brokers have also praised the scheme as it can help sustain demand for housing after the end of the Stamp Duty holiday as we know it which now falls on 30th June.
With many aspiring buyers looking to benefit from the new scheme, brokers must be equipped with the latest tech to ensure they help as many buyers as possible through the mortgage journey. By scanning a QR code or Near-Field Communication (NFC) chip through the Smartr365 HomeBuyer app, prospective buyers can automatically share their details with a broker to instantly begin the application process. This allows brokers and introducers to share QR codes or NFC chips at their will and transform the efficiency of lead generation. We are proud that our latest offering allows brokers to acquire and progress new leads on the go, helping to support business growth and customer satisfaction.
Want to simplify your client acquisition? Scan the QR code below to see how the industry-first app can transform your business today.