Let's ease the pressure

Affordable housing

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.

Shared Ownership

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 five years running (2016 - 2020).
  • We have a dedicated product range and an experienced team of underwriters on hand to help with more complex cases.
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Help to Buy

This equity loan assistance scheme continues to meet a strong demand amongst homebuyers looking for a new build property. Essentially, the Government will lend the buyer a percentage of the cost of the home without charging any loan fees for at least the first five years.

With this in mind, we have a dedicated Help to Buy range with excellent features. Your clients could benefit from:

  • £500 cashback
  • £0 product fees
  • Available for both purchase and re-mortgage

It’s also worth considering that we’ll allow your clients to transfer some, or all, of their equity loan as part of the remortgage process. That way they can manage their finances in a way that’s best for them.

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Right to Buy

Right to Buy allows your client, if eligible, to purchase the home they rent from the council or a participating housing association at a discounted price. The minimum discount for houses is set at 35%, and 50% for flats.

We’ve got a great range of dedicated Right to Buy mortgages to support this popular government backed scheme. For eligible clients, Right to Buy lending is available at:

  • Up to 100% of the discounted purchase price.
  • Up to 75% of the property value for home improvements.
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Discounted Market Sales Schemes (DMS)

With DMS, properties are sold at a discount to the open market value. This same discount is applied whenever the property is sold on in the future, to ensure a long term supply of local affordable housing. The Society also supports applications on DMS properties, including:

  • Lending up to 95% LTV (based on the borrower’s discounted purchase price)
  • Available across a wide range of our mainstream residential products.
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