Young couple buy house with only £600 in savings using rental history mortgage

Saffron Green and her husband Reece bought a £156,000 house in 2024 with just £600 in their bank account. Saffron was 21 years old at the time. The couple had been renting for over 18 months and found it almost impossible to save a deposit because unexpected costs kept reducing their money.

They used a product called a Track Record Mortgage, which allows tenants to apply for a home loan using their history of paying rent on time, rather than a large deposit. Saffron had to wait until her 21st birthday in October 2024 to qualify. The couple found out about this option through their own research and a mortgage broker.

They have since begun renovating the property and reported that dealing with solicitors was the most difficult part of the process.