Have you heard? We’re a leading lender in the affordable housing market
We all know that one size doesn’t fit all when it comes to mortgages. So we’ve made it our business to lend not only within the mainstream market, but also across sectors which cater for those whose needs are not met by the wider market.
We’ve got extensive knowledge of the affordable housing market, along with dedicated product ranges to help you find the best for your clients.
Don’t forget, we’re happy to lend on properties which have a Section 106 (s106) restriction. This is all part of our commitment to supporting your clients into affordable housing.
Specifically, our s106 criteria support:
- Local living restrictions
- Price caps
- Caps on salary
- First time buyers
This is an affordable way for your clients to get onto the property ladder. Depending on where they’re buying they could see a significant reduction in the deposit required, with their deposit based only on the share of the property they are purchasing.
Simply put, they can buy a share of the property – between 25% and 75% - and then pay rent on the remaining share to a landlord, typically a Housing Association.
We offer in-depth expertise in Shared Ownership. We design our criteria to help, support, and appeal to as many clients as possible:
- We’ll lend up to 95% LTV of the borrower’s share for new builds and resales.
- We’ve won the What Mortgage Award for Best Shared Ownership Mortgage Lender four years running (2016 - 2019).
- We have a dedicated product range and an experienced team of underwriters on hand to help with more complex cases.