Buying your first home in Wandsworth can feel out of reach, especially if you’re renting and unsure whether you’d qualify for a mortgage. That’s exactly how our clients felt when they came to Oportfolio Mortgages. They had been long-term renters in Wandsworth and assumed that owning a property locally was impossible.
With the right mortgage advice, however, things quickly changed. As experienced mortgage brokers in Wandsworth, we guided them through every step, from reviewing their finances to securing a deal that worked for them. In this case study, we’ll share how we helped these renters finally become homeowners in Wandsworth.
The Challenge: From Renters to Buyers
Our clients had been renting in Wandsworth for several years. With high monthly rent and the rising cost of living, they felt stuck. They worried about:
- Whether their income would be enough for a deposit.
- If mortgage lenders would see them as suitable applicants.
- The perception that buying in Wandsworth was “out of reach.”
Like many first-time buyers, they had been held back by common mortgage myths, such as needing a 20% deposit or a flawless financial history.
The Solution: Tailored Mortgage Advice in Wandsworth
When the couple approached Oportfolio Mortgages, we started with a full financial review. Here’s what we did:
- Assessed their income and spending habits to calculate affordability.
- Highlighted mortgage products available for first-time buyers with smaller deposits.
- Explained the process clearly, helping them feel confident in moving forward.
- Liaised with local estate agents in Wandsworth to ensure everything stayed on track.
With access to a wide range of lenders, we identified a competitive product that only required a 10% deposit, making homeownership possible much sooner than they expected.
The Result: Keys in Hand
Within a few months, our clients went from doubting they could ever own a home to holding the keys to their new property in Wandsworth. Their monthly mortgage repayments turned out to be lower than their rent, giving them more stability and peace of mind.
They told us:
“We never thought buying in Wandsworth was possible for us. Everything always seemed out of reach and we thought that we would be stuck renting forever. Thanks to Oportfolio, we’re now proud homeowners! The whole process felt easy because we had expert guidance at every step.”
Key Takeaways for First-Time Buyers in Wandsworth
- You don’t always need a huge deposit and other options may be available.
- Renting doesn’t mean you can’t get a mortgage.
- Working with a local mortgage broker in Wandsworth gives you access to tailored advice and lender options you might not find on your own.
Speak to a Mortgage Broker in Wandsworth
If you’re renting in Wandsworth and wondering whether you could buy your first home, this case study proves it’s possible. With the right advice and guidance, homeownership could be closer than you think.
Ready to explore your options? Contact Oportfolio Mortgages today and let’s find you the right mortgage.
FAQs
Do I really need a 20% deposit to buy in Wandsworth?
No. Some lenders accept as little as 5%, depending on your circumstances.
Is renting always more affordable than buying?
Not always. In many cases, monthly mortgage repayments can be equal to or even less than rent. In more and more cases, we are seeing rent and bills soaring much higher than mortgage payments for a similar property. It all depends on the price for the property, the deposit you can put down, and the mortgage deal that you secure with a mortgage adviser.
What if my income isn’t high enough?
A broker can help you find lenders with different affordability criteria, or explore options like joint borrower schemes.
How long does the mortgage process take?
Typically between 8–12 weeks, but it can vary. Having a broker helps speed things up.
