Twenty7tec adds Even FTB products to search engine | Mortgage Strategy – Mortgage Strategy

New lender Even has added its first-time buyer home loan range to Twenty7tec’s SOURCE search engine.

The lender, founded last year, offers interest-free equity loans that boost FTB budgets by up to 100,000, or two times their deposit, in exchange for a percentage of any profit, or loss, when the buyer repays the firm.

Its loans, which come with profit caps and no early repayment charges, are now available to brokers who use the property technology firm’s search engine.

Twenty7tec national account manager Nakita Moss says: “Looking at our data from our INSIGHT Module, the average property value in the second quarter of this year for FTB searches was 286,217 up 14% compared to the same period a year ago.

“The average combined income was 55,579 over the second quarter of this year. The key word of course being ‘combined’ and with most lender’s loan-to-income ratios set at circa 4.5 times annual salary, this would leave joint applicants requiring at least a 35,000 deposit, making it…

Read Full Story: https://www.mortgagestrategy.co.uk/news/twenty7tec-adds-even-ftb-products-to-search-engine/

The post Twenty7tec adds Even FTB products to search engine | Mortgage Strategy – Mortgage Strategy first appeared on SEO, Marketing and Social News | OneSEOCompany.com.

source: https://news.oneseocompany.com/2022/08/11/twenty7tec-adds-even-ftb-products-to-search-engine-mortgage-strategy-mortgage-strategy_2022081126890.html

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