What identification must I provide?

How much can I borrow?

How much deposit will I need?

What type of Valuation Reports are available and how much do they cost?

What costs are involved with taking out a DBS mortgage?

Will I need a Guarantor?

How is interest charged?

How can I reduce my mortgage?

What should I do if I am experiencing financial difficulties?

What should I do if I have a complaint?

Can I borrow further money once my mortgage has completed?

How can I make my repayments?

How much deposit will I need?

Buying Your Own Home

If you are purchasing a property, you will need a minimum of 10% of the purchase price or property value (whichever is lower) for a deposit.
For example, if the property is valued at £150,000, you will need at least £15,000.

Remortgage

If you are looking to remortgage your home which is currently charged to another lender the maximum loan we can consider is 80% including any additional borrowing for improvements, capital raising or consolidation of debt.

Right To Buy

You are not required to find any deposit for Right To Buy mortgages. If you are currently living in rented local authority accommodation and your local authority allows you to purchase under the Right To Buy Scheme, you will not be required to find a deposit as we are able to lend 100% of the discounted purchase price.

Equity Release

If you are over 50, own or have a small mortgage on your existing property you could release some of the equity that you have built up in your home.

Shared Ownership/Shared Equity

The Society will consider shared ownership or shared equity mortgages but you will need to find 10% of the share/equity being purchased.

A range of mortgage products are available from the Society and the incentives improve when larger deposits are available. (See Mortgage Products)