For many people across Bolton, Bury and the surrounding areas, getting onto the property ladder can feel impossible — especially if you’ve spent years renting and watching house prices creep up.
But there’s some genuinely good news…
A new type of mortgage, often called a Track Record Mortgage, is giving long-term renters the chance to buy a home with up to 100% lending — that means no deposit required in many cases.
At Cardwells Estate Agents Bolton & Bury, we’re seeing more and more buyers who thought home ownership was out of reach now able to move forward thanks to this scheme. If you’ve been paying rent reliably every month, this could be a real opportunity.
⭐ What Is a Track Record Mortgage?
A Track Record Mortgage is designed specifically for people who:
- Have been renting for at least 12 months
- Haven’t owned a home in the last 3 years
- Can prove they’ve paid their rent and bills on time
- Need high-percentage lending, sometimes up to 100% LTV
Instead of focusing just on deposits and savings, the lender looks at something far more realistic:
👉 Can you prove you’ve consistently paid your rent?
If the answer is yes, this product could allow you to buy a home even if you haven’t saved a 5% deposit.
🏡 Why This Could Be a Game-Changer for Renters
Month after month, renters prove they can afford their payments — but traditionally this hasn’t helped when applying for a mortgage.
This mortgage reverses that thinking.
Here’s what makes it exciting:
- Up to 100% of the purchase price available
- Gifted deposits are allowed, if you have one
- Improved affordability rules mean monthly payments can in some cases be up to 120% of your current rent
- Maximum mortgage term of 40 years
- Borrow up to £600,000, depending on income
- Available to sole applicants or up to 4 joint applicants
For many people in Bolton and Bury who have been renting for years, this might be the moment where owning a home becomes genuinely achievable.
💡 Who Could Be Eligible?
You may be eligible if:
- No applicant has owned a UK property in the last 3 years
- All applicants are 21 or over
- You can prove 12 months of rent payments within the last 18 months
- You’ve also managed household bills for 12 months
- You have no missed credit payments in the last 6 months
- You are buying in the UK (except NI and Isle of Man)
🎯 Is This Right for You?
If you’ve been renting in Bolton, Bury, Whitefield, Radcliffe, Walkden, or anywhere in Greater Manchester, this could be your pathway to finally owning a home.
Every situation is different, so the best next step is to get expert advice.
📞 Speak to Cardwells — We’re Here to Help
We work closely with trusted, fully qualified mortgage advisers who can talk you through your options, check your eligibility, and help you take the next step toward home ownership.
👉 Find out more about mortgages and financial advice here:
https://www.cardwells.co.uk/mortgages-financial-services/
Contact Cardwells Estate Agents
Bolton Office
Cardwells Estate Agents
01204 381281
[email protected]
Bury Office
Cardwells Estate Agents
0161 761 1215
[email protected]
Or visit our website:
🌐 www.cardwells.co.uk
