What we do?

We strive to make a real difference to your clients' lives, offering flexible, manual underwriting and a range of specialist products to help mortgage borrowers realise their homeowner dreams.

Therefore, for those first-time buyers who struggle to raise a significant deposit for a normal mortgage, we have a Shared Ownership offering to make it easier for buyers to get on the property ladder.

We offer 95% loan-to-value (LTV) on the share purchased.

Our key criteria
Shared Ownership
  • Maximum mortgage of 95% of the initial share without mortgage indemnity insurance, minimum share 5%, subject to Mortgage Protection Clause
  • The Shared Ownership arrangement must be through a registered Housing Association or Registered Social Landlord
  • The borrower(s) must be able to evidence affordability of both the mortgage and the rent payable on the remaining share; with the rent plus any service charge/maintenance costs being deducted as a commitment
  • Shared Ownership loans are only offered on a capital repayment basis only, interest only is not available
  • If lease does not allow the borrower to staircase to a full 100% of the value of the property the application is not acceptable
  • Additional borrowing on shared ownership properties can be considered for the purchase of additional / final shares and for home improvements
  • Additional borrowing for home improvements up to 85% of current value of the share owned can be considered. Consent from the Housing Association must be obtained in all cases
  • Additional borrowing for non-home improvements, for example, debt consolidation cannot be considered
  • On purchase of the final share, mortgage indemnity insurance is required for any amount then owing above 80%, up to a maximum loan of 95%
  • Please note that Shared Ownership applications are subject to product availability and restrictions may apply
Contact Us

Contact our Intermediary Team with any case queries you may have.

Find out more
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