Tembo

Description

Tembo is on a mission to transform homeownership.

Its innovative range of family guarantor mortgages are helping first-time buyers get on the ladder faster and for less. In fact, over 70% of its users to date wouldn’t have been able to buy without these products.

There are two key products available: 

1. Tembo’s deposit boost works by allowing older homeowners, such as parents or grandparents to help their loved ones onto the property ladder by securing a small mortgage against the family property. After being unlocked from the family property, the ‘boost’ amount is added to the homebuyer’s deposit to help them buy their first home. By helping families boost the size of first time buyer deposits, home-buyers have the opportunity to access cheaper mortgage rates - on average, Tembo users have saved £14,000 in interest charges. 


2. Tembo also offers an income boost product in the form of a joint borrower sole proprietor mortgage. This allows families to allocate some of their income to the first-time buyer’s mortgage, increasing their affordability.

Tembo's mortgage experts are whole of market, and able to provide protection.

The brainchild of finance and technology expert Richard Dana, Tembo is backed by some of the UK’s leading financial brands including Aviva and Nationwide.

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