We’re currently working on our BTL calculator in light of our recent criteria changes. We hope to have this back up and running soon but if you need any help in the meantime, please contact your BDM or the Helpdesk on 0330 123 1073.

We've improved our shared ownership lending criteria

Written by Ipswich Building Society

12 Mar 2019


Criteria update, First Time Buyers, Lending Criteria, Shared Ownership

1 min read

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

Take a look at our range of shared ownership mortgages here.

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.

This article was published under our previous name of Ipswich Building Society. We changed our name in 2021 – get in touch if you have any questions.

Found this useful? Why not share

Your browser is out-of-date.

This site is not fully supported in Internet Explorer.
Please download one of the browsers below to continue using this website.

  • Google Chrome
  • Microsoft Edge