Today we’re improving our shared ownership product range but also have great news on affordability and criteria.
Your shared ownership clients will now benefit from:
- An increased loan size across our product range, now at a maximum of £500,000 (previously £350,000)
- Lending on flats up to 10 storeys (previously limited to 5)
- Gifted deposits accepted up to 95% of the share where applicants can provide 12 months’ rental evidence, of up to 90% of the share if this is not available
- A new affordability calculator for all cases where the property is less than ten years old, using reduced ONS household and communications expenditure
If you have a shared ownership client in mind and want to discuss how we may be able to help, please give us a call on 0330 123 1073.