Take Your First Step with Verve Financial: 98% LTV & Enhanced Affordability Mortgages

For many people, saving a deposit or fitting strict affordability rules has been the biggest barrier to homeownership. But with Newcastle for Intermediaries’ latest mortgage propositions, we can now help more clients move forward sooner.

Here’s how:

Proposition 1: The First Step 98% LTV Mortgage

This mortgage is all about removing the deposit hurdle. Instead of waiting years to save 10% or more, you could buy your first home with just a 2% deposit — starting from as little as £5,000 cash.

Key Features of First Step 98% LTV:

•  Borrow up to 98% of the property value.
• £5,000 minimum deposit (subject to eligibility).
• Maximum loan size of £350,000.
• Fixed rate available (e.g. 5 years for payment certainty).
• Free property valuation up to £550,000.
• Flexibility to make 10% overpayments per year.

 Perfect for first-time buyers with steady income but limited savings.

Proposition 2: Enhanced Affordability

Deposit size isn’t the only barrier — for many buyers, it’s affordability checks that hold them back. Standard affordability models don’t always reflect real life. That’s where Newcastle’s Enhanced Affordability proposition comes in.

It’s designed to give clients a fairer shot at borrowing what they truly can afford, through smarter, more flexible underwriting.

How Enhanced Affordability Helps:

• Looks at multiple income sources (e.g. second jobs, bonuses, commission, overtime).
• Tailored options for key workers and professionals with strong career prospects.
• Supports those with complex income such as self-employed applicants.
•  More holistic affordability assessment, not just a rigid tick-box.

 Perfect for buyers whose income isn’t straightforward but is strong and reliable.

Why Work with Verve Financial?

At Verve Financial, we’re not tied to one lender. That means:

• We’ll assess whether First Step 98% LTV or Enhanced Affordability is the right fit for your circumstances.
• If neither is the best option, we’ll explore the market to find you a better deal
• We’ll guide you through the process from application to approval, making things simple, stress-free, and transparent.

We don’t just find you a mortgage — we make sure it’s the right mortgage for your future.

Which Proposition is Right for You?

• If your biggest challenge is saving a deposit → the First Step 98% LTV mortgage could be your route onto the property ladder.
• If your income is solid but doesn’t fit traditional models → the Enhanced Affordability approach may help you borrow more and get approved where others say no.

Either way, we’ll help you explore your options and make the numbers work.

Don’t Let Barriers Stop You

At Verve Financial, we believe homeownership should be achievable. Whether it’s with a small deposit or through flexible affordability checks, we’ll help you find the right path to owning your first home.

Ready to take your First Step? Book a free initial call with Verve Financial today and discover how these new propositions could work for you.