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Maximising Skipton’s Deposit-Free Mortgage for First-Time Buyers

As a mortgage adviser, you may be wondering how to capitalise on the new Skipton deposit-free mortgage and attract old renters who are first-time buyers. Here are some tips to help you reach out to this demographic:

  1. Educate potential customers about the benefits of the Skipton deposit-free mortgage. Explain that this type of mortgage can help first-time buyers get on the property ladder sooner, as they don’t need to save up for a large deposit. Highlight the advantages of this type of mortgage and how it can make buying a home more accessible.
  2. Offer advice on how to improve credit scores. Many first-time buyers may not be aware of how important their credit score is when applying for a mortgage. Offer advice on how to improve credit scores, such as paying bills on time and reducing debt. This can help increase their chances of being approved for a mortgage.
  3. Provide information on other options available. While the Skipton deposit-free mortgage may be attractive to some first-time buyers, it may not be suitable for everyone. As a mortgage adviser, it’s important to provide information on other options available, such as Help to Buy or shared ownership. This can help potential customers make an informed decision based on their unique circumstances.
  4. Use social media to reach out to potential customers. Social media can be a powerful tool for reaching out to potential customers. Consider creating targeted ads on Facebook or Instagram to reach renters who may be interested in buying a home. You can also share information on your social media channels about the Skipton deposit-free mortgage and other relevant topics.
  5. Partner with local real estate agents. Real estate agents can be a great source of referrals for mortgage advisers. Consider partnering with local agents to help them offer their clients more options when it comes to financing a home. Offer to provide free mortgage consultations or other incentives to agents who refer customers to you.

By taking these steps, you can help attract old renters who are first-time buyers and capitalise on the new Skipton deposit-free mortgage. Remember, it’s important to offer personalised advice and information to help customers make informed decisions based on their unique circumstances.

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