Mortgage specialist partners with Barratt London to support first-time buyers

A specialist mortgage broker has announced it is partnering with Barratt London, part of Barratt Developments, to help get more first-time buyers on the housing ladder.

Tembo specialises in helping buyers to bridge the growing mortgage affordability gap and discover their true buying budget. To date, Tembo has been able to increase the average buyer’s budget by £82k.

The partnership now enables Barratt London to offer Tembo’s range of mortgage and house buying schemes via its website and through its sales teams at all its housing developments. Also on offer is the Barratt Deposit Boost promotion whereby Barratt London will contribute up to 5 per cent of the value of the home towards the buyer’s deposit.

Richard Dana, CEO of Tembo said: “We’re really pleased to be working with Britain’s leading housebuilder to help their London customers to be able to afford a home of their own.

“We’re excited to be able to see how we can help hundreds of families find ways to support their loved ones onto the property ladder.”

Steve Mariner, sales and marketing director of Barratt London, commented: “We understand that affordability is a big issue for some of our customers, particularly in London, which is why we are partnering with Tembo to help them with their mortgage offers.

“Many of our customers won’t know about income boost mortgages but by using the Tembo technology they can quickly find out how much extra they can afford, helping them buy their first home.”