Onyx Financial

29/09/2026

🧨Another 98% LTV First Step Mortgage – Now Available!

We’re delighted to announce the launch of another 98% LTV.

These products are designed to help eligible first-time buyers with smaller deposits get onto the property ladder.

With the 5-year fixed-rate product, affordability is based on the product’s pay rate, which can help eligible applicants with affordability.

✅ Available to first-time buyers only
✅ Up to 98% of the property value – meaning a deposit from just 2%
✅ Up to 5.5x loan-to-income - up to know we had 5 times loan to income , so this offers higher loan amounts
✅ Affordability based on the pay rate when the 5-year fixed-rate product is selected
✅ Gifted deposits accepted from immediate family members
✅ Adverse credit history can be considered under the building society’s standard lending criteria
✅ Minimum property value of £100,000
✅ Maximum loan size of £500,000
✅ New-build houses accepted
✅ Free basic valuation for lending purposes
❌ New-build flats are excluded

While the 2% deposit option is typically associated with the 5-year fixed-rate product, the building society also offers a 2-year fixed-rate option, giving eligible first-time buyers an additional choice.

Your home may be repossessed if you don’t keep repayments on your mortgage.

27/09/2026

NEW ❗️

🏡 Your First Home Scheme 2026 – to be confirmed in the Autumn Budget in October 2026

The Government announced yesterday that the final decision on whether the new Your First Home Scheme will be introduced is expected to be made as part of the Autumn Budget in October 2026.

The new scheme is similar to the Help to Buy scheme, which was discontinued at the end of 2022, and is designed to help first-time buyers purchase their first home.

🔑 How is the scheme expected to work?

• First-time buyers could potentially purchase a new-build property with a deposit of around 2.5%.

• The Government is expected to support up to 20% of the property value through a government-backed equity loan.

• The scheme is expected to be available to first-time buyers purchasing a new-build property from a developer participating in the scheme.

• The equity loan is expected to have an initial interest-free period.

💷 This could significantly reduce the amount buyers need to save for their deposit and potentially lower the monthly cost compared with a traditional 95% mortgage.

According to the initial information released, those using the scheme could potentially save hundreds of pounds per month compared with a 95% mortgage.

⚠️ Important: The scheme has not yet been officially confirmed. The final decision is expected as part of the Autumn Budget in October 2026, and the final eligibility criteria and terms may change.

We will keep you posted.

The new scheme called Your First Home will support first-time buyers.

22/09/2026

Nothing is impossible with the right team 🥰 thank you for the kind words, they mean the world to us!

I was in the process of arranging a property purchase, and because part of my funds came from a ...

17/09/2026

The Bank of England has kept interest rates at 3.75 per cent, despite mounting pressure to hike rates after an uptick in inflation.

The vote is the final one before next month's Budget and marks the sixth time in a row that the central bank's monetary policy committee has kept rates on hold.

Inflation is currently 3.1% - well above the Bank of England's target of 2%.

01/09/2026

A new mortgage opportunity of up to 6.5 times your annual income! 🏡

As of this morning, another lender is offering the possibility of borrowing up to 6.5 times your annual income.

This criterion is primarily aimed at first-time buyers who wish to purchase their first property.

The main criteria are:

• A minimum deposit of 5%

• Gifted deposits may be accepted from extended family members, excluding parents, siblings and grandparents

• A minimum annual income of £30,000 for a single applicant

• For joint applicants, a combined minimum annual income of £50,000

• Self-employed applicants are not eligible for this product

It is important to note that, over the past year, an increasing number of banks and building societies have increased the amount they are willing to lend, both with a 5% and a 10% deposit.

In some cases, the difference between the offers available from different lenders can be £30,000–£40,000, or even more, in terms of the maximum mortgage amount available.

Therefore, if you had calculations carried out within the last year and were previously short by a relatively small amount, we recommend getting in touch with us again.

Based on the latest lending criteria, you may now be eligible for a higher mortgage amount and, consequently, have a wider choice of properties.

Please contact us for more information.

Your home may be repossessed if you do not keep up repayments on your mortgage.

12/08/2026

Some moments leave us truly speechless. 💜

Receiving such heartfelt words and appreciation from our clients reminds us that we’re on the right path and inspires us to keep doing what we love.

Thank you to our amazing clients for trusting us, supporting us, and taking the time to share your experience. Your kind words mean more than you know!

23/07/2026

📢 Important for anyone approaching a mortgage remortgage or planning to buy a property!

Over the past two months, we’ve seen a series of mortgage interest rate reductions across the market.

❗️However, during the past week, most lenders have already started increasing interest rates on selected mortgage products.

✅ Fortunately, before these increases took effect, we secured lower interest rates for nearly 50 of our mortgage applications (particularly those submitted from the end of March onwards, following the news of the war), covering both property purchases and remortgages.

One of the questions we are asked most often is: “How many times can my interest rate be reduced, and by how much?” Here are two real examples:

Example 1:
A client started their mortgage application at the end of April, when we secured an interest rate of 5.16%. On 10 July, we reviewed their mortgage product again and reduced the rate to 4.73%, which will remain valid until the new lender pricing comes into effect at the beginning of August.

Example 2:
Another client is currently purchasing a property. Their original mortgage offer was issued at the end of April with an interest rate of 5.15%. Between then and 10 July, we successfully switched them to lower-rate products five times, bringing their current rate down to 4.77%.

It is important to note that not all lenders reduce their mortgage rates this frequently, and lower rates are not available for every customer or every application.

💡 This is exactly why we always recommend that our clients begin preparing for a remortgage 3–4 months before their current fixed-rate period expires.

Why?

✔️ If interest rates continue to fall, we can request a better mortgage product.
✔️ If rates begin to rise, you’ve already secured the lower rate.

In other words, there is only an advantage to acting early. If lenders introduce better rates before your mortgage completes, your interest rate can usually be reduced. However, if you wait and rates increase, you cannot go back and secure the lower offer you missed.

If, over the coming months, you are planning:

🏡 To purchase a property;
🔄 To remortgage; or
📅 Your current fixed-rate period is coming to an end,

Get in touch with us early. We’ll monitor the market on your behalf and do everything possible to secure the best mortgage deal available at the time.

16/07/2026

🏡 Great news for first-time buyers!

Leeds Building Society has launched its new 98% LTV Start Mortgage, making it easier for more people to take their first step onto the property ladder.

✅ Key features:
• Just £5,000 minimum deposit
• Borrow up to 98% of the property’s value
• Up to 5x household income (subject to criteria)
• Available to applicants with a minimum household income of £30,000
• Maximum loan of £500,000
• 5-year fixed rate at 5.65%
• Free standard valuation
• No completion fee
• Self-employed applicants accepted

For example, a household earning £49,000 with a £5,000 deposit could potentially borrow £245,000 to purchase a £250,000 home (subject to lending criteria).

If you’ve been putting off buying your first home because saving a large deposit seemed impossible, this could be the opportunity you’ve been waiting for.

📩 Get in touch if you’d like to find out whether this mortgage could be suitable for you. As always, eligibility and affordability criteria apply.

Your property can be repossessed if you don’t keep up repayments on your mortgage.

03/07/2026

Thank you for your wonderful feedback! It was a pleasure supporting you throughout your property purchase. We truly appreciate your trust and recommendation, and we wish you all the best in your new home. 💜

We had an excellent experience working with Hristina Hristeva and team of Onyx Financial throug ...