Access Financial Services (Access FS) has secured exclusive distribution rights for a new lender offering zero-deposit mortgages.
The lender is set to launch its first range of mortgages this month, available solely through Access FS.
The zero-deposit mortgages are targeted at home movers looking to buy their primary residence.
The introduction includes a 5-year fixed-rate mortgage for professionals earning a minimum of £30,000 per year.
It is open to applicants on visas and covers all property types, including flats and apartments.
The product specifically aims to assist first-time buyers who struggle to save for a deposit, due to rising property and rental costs.
This offering also supports key workers, allowing them to borrow up to 5.5-times their income.
Karl Wilkinson, CEO at Access FS, said: “The launch of these mortgages will help solve a very real need that people face when trying to buy their first home.
“We can now provide a solution for professional people trying to get on the housing ladder without the need for help from increasingly hard-pressed family members.
“It is a testament to the quality of the processes and high level of compliance at Access FS, as well as how rapidly we’ve grown, that we have been chosen as the sole distributor.”
