Mortgage Broker, The Mortgage Brain (TMB), has announced a partnership with shared equity loan provider, Proportunity, to help borrowers with small deposits become homeowners.
TMB, which was founded in 2001 and has 60 advisers, arranges mortgages across the UK and works closely with new-build and property developers.
Proportunity is a second charge lender and will provide up to £150,000 or up to 25% of the value of a property. This then enables prospective purchasers to increase the size of their deposit and qualify for a lower LTV first charge mortgage.
The lender’s loans are only available through brokers and are similar to the government’s Help to Buy (HTB) scheme, which is scheduled to end in April 2023 after eight years of helping people to purchase newly-built homes. Unlike this scheme, however, Proportunity loans are not restricted to new-build homes and can be used for existing properties.
Mortgage Brain founder and CEO, Enzo Mora, commented: “It is a real pleasure for TMB to be working with Proportunity, which is opening up the possibilities of home ownership to a greater number of first-time buyers.
“Raising a deposit is an ongoing hurdle for many potential homeowners, so finding solutions to increase this while also improving affordability is a real game-changer.”
Proportunity CEO and co-founder, Vadim Toader, added: “This partnership between TMB and Proportunity will make it possible for people to get onto the housing ladder, or move up it, even if their savings are only enough to cover a 5% deposit.
“It is becoming increasingly difficult for people to save because of rising rents and the soaring cost of living. We will be able to help TMB customers buy the home that they want now, instead of having to spend more time saving to increase their deposit, only to find that property prices have gone up yet again.”
Latest News
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories